Erste Bank JPMorgan Merrill Lynch International

The table below shows the breakdown of the Vienna Insurance Group’s investments as of
31 December 2007 and 31 December 2006, in EUR millions, broken down by Property and Casualty,
Health, and Life insurance segments:
Investments segment
in EUR millions
31.12.2007 31.12.2006
Property/
Casualty Life Health Total Total
Land and buildings . . . . . . . . . . . . . . . . . 370.56 2,350.65 147.51 2,868.72 2,175.57
Owner-occupied land and buildings . . . 179.90 43.47 25.62 248.99 203.29
Third-party leased land and
buildings . . . . . . . . . . . . . . . . . . . . . 190.66 2,307.18 121.89 2,619.73 1,972.28
Shares in affiliated and associated
companies. . . . . . . . . . . . . . . . . . . . . . 640.76 208.66 121.35 970.77 532.22
Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . 105.99 961.12 120.32 1,187.44 1,057.37
Other securities . . . . . . . . . . . . . . . . . . . 1,780.20 12,250.89 442.49 14,473.58 12,950.74
Financial investments held to
maturity . . . . . . . . . . . . . . . . . . . . . . 71.37 301.91 0.00 373.28 306.23
Government bonds. . . . . . . . . . . . . . 64.56 134.24 0.00 198.80 165.20
Corporate bonds . . . . . . . . . . . . . . . 6.81 167.29 0.00 174.10 140.84
Other . . . . . . . . . . . . . . . . . . . . . . . . 0.00 0.38 0.00 0.38 0.19
Financial investments available for
sale . . . . . . . . . . . . . . . . . . . . . . . . . 1,300.25 11,297.22 361.14 12,958.61 11,760.93
Equities . . . . . . . . . . . . . . . . . . . . . . 97.97 961.26 31.79 1,091.02 1,197.83
Investment funds . . . . . . . . . . . . . . . 254.56 1,567.77 134.20 1,956.53 1,800.82
Fixed-interest securities . . . . . . . . . . 801.90 8,440.39 192.55 9,434.84 8,291.45
Other . . . . . . . . . . . . . . . . . . . . . . . . 145.82 327.80 2.60 476.22 470.83
Financial investments held for
trading . . . . . . . . . . . . . . . . . . . . . 330.69 565.23 81.35 977.27 755.27
Bonds . . . . . . . . . . . . . . . . . . . . . . . 299.97 546.84 81.35 928.16 720.75
Equities . . . . . . . . . . . . . . . . . . . . . . 16.18 2.12 0.00 18.30 9.21
Investment funds . . . . . . . . . . . . . . . 12.86 12.35 0.00 25.21 13.05
Derivatives . . . . . . . . . . . . . . . . . . . . 0.00 0.60 0.00 0.60 1.80
Other . . . . . . . . . . . . . . . . . . . . . . . . 1.68 3.32 0.00 5.00 10.46
Financial investments at fair value
through profit and loss . . . . . . . . . . . 77.89 86.53 0.00 164.42 128.30
Bonds . . . . . . . . . . . . . . . . . . . . . . . 50.68 34.92 0.00 85.60 70.18
Equities . . . . . . . . . . . . . . . . . . . . . . 7.56 6.71 0.00 14.27 7.34
Investment funds . . . . . . . . . . . . . . . 6.47 23.20 0.00 29.67 28.00
Structured bonds . . . . . . . . . . . . . . . 13.18 21.63 0.00 34.81 22.71
Other securities . . . . . . . . . . . . . . . . 0.00 0.07 0.00 0.07 0.07
Other investments. . . . . . . . . . . . . . . . . . 355.92 275.91 39.07 670.90 544.45
Bank deposits . . . . . . . . . . . . . . . . . . . 345.11 235.66 37.97 627.74 450.32
Deposits on assumed reinsurance
business . . . . . . . . . . . . . . . . . . . . . 1.23 36.34 1.10 38.67 86.11
Other investments . . . . . . . . . . . . . . . . 0.58 3.91 0.00 4.49 8.02
Total. ........................... 3,253.43 16,047.23 870.74 20,171.39 17,260.34
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