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  Disclosed inside information pursuant to article 17 Market Abuse Regulation 
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. 
  The issuer is responsible for the content of this announcement. 
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Mergers - Acquisitions - Takeovers 
29.11.2020 
 
Vienna - VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe (VIG) agreed with 
Aegon N.V. on 29 November 2020 to acquire Aegon's insurance business in Hungary, 
Poland, Romania and Turkey. VIG will take over Aegon's non-life and life 
insurance companies as well as pension funds, asset management and service 
companies in these countries, which ideally complement VIG's existing portfolio. 
The purchase price amounts to EUR 830 million. The transaction is subject to the 
necessary regulatory and competition approvals. Closing of the transaction is 
expected to take place in the second half of 2021. 
 
With the acquisition of these companies, VIG is further expanding its leading 
market position in Central and Eastern Europe and moves up to the first rank in 
Hungary's insurance market. In addition, VIG is extending its scope of activity 
in the pension fund business in this region and will also be active in the life 
business in Turkey for the first time. The premium volume of the insurance 
companies in the four countries amounted to the equivalent of approx. EUR 600 
million in 2019, with a net profit of approx. EUR 50 million. 
 
From today's perspective, VIG assumes the solvency ratio to remain in the 
communicated comfort zone of 170 to 230 % at the time of the closing of the 
transaction. 
 
 
 
The following securities of VIG are admitted for trading on a regulated market: 
 
ISSUE TITEL                ISIN         TRADING SEGMENT 
Share                      AT0000908504 Vienna and Prague Stock Exchange, 
                                        Official Market 
VIG subordinated bond 2015 AT0000A1D5E1 Luxembourg Stock Exchange, Second 
                                        Regulated Market 
VIG subordinated bond 2013 AT0000A12GN0 Vienna Stock Exchange, Second Regulated 
                                        Market 
 
 
 
 
 
 
 
 
Further inquiry note: 
VIENNA INSURANCE GROUP AG 
Wiener Versicherung Gruppe 
1010 Vienna, Schottenring 30 
 
Wolfgang Haas 
Head of Group Communications & Marketing, Spokesperson of the Group 
Phone: +43(0)50 390-21029 
Fax: +43 (0)50 390 99-21029 
E-Mail: wolfgang.haas@vig.com 
 
Nina Higatzberger-Schwarz 
Head of Investor Relations 
Phone: +43 (0)50 390-21920 
Fax: +43 (0)50 390 99-21920 
E-Mail: nina.higatzberger@vig.com 
 
end of announcement                         euro adhoc 
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(END) Dow Jones Newswires

November 29, 2020 04:00 ET (09:00 GMT)