Notes for readers
Vienna Insurance Group (VNRFY) is primarily traded on the Vienna Stock Exchange under the ticker VIG:AV. I will be referring to the Austrian symbol for the article. Amounts are in euro (€) unless mentioned otherwise. EUR-USD 1.1623. Price of 1 euro in USD as of September 14, 2018. Furthermore, most of the figures are based on the financial reports of Vienna.
Executive Summary
On the 28th of August, Vienna Insurance released its half-year results. In spite of the improvement in the combined ratio and the positive commercial development, the