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             In fo rmatIon
on the BusIness Year 2009
                                Key Figures at a Glance




DONAU Versicherung AG Vienna Insurance Group                           2009      2008
in million EUR

Gross earned premiums                                                  692.7     696.3
Profit on ordinary activities                                           54.1      39.3
Investments                                                          2,467.2   2,455.7
Current investment income                                              110.9     108.2
Capital, reserves and supplementary capital                            214.6     194.0
Technical provisions                                                 2,192.4   2,165.1
Social capital                                                          57.9      55.6
Employees                                                              1,360     1,378
   Administration                                                        530       542
   Sales                                                                 783       792
   Trainees                                                               47        44



8 Provincial Head Offices
60 Branch Offices
121 Car Registration Offices




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     Information on the Business Year 2009
 In fo rmatIon
 on the BusIness Year 2009




 Donau Versicherung AG
 Vienna Insurance Group



 142nd Business Year


 presented by the Board of Management




 Vienna, May 2010




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                                        LIFE.

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 Information on the Business Year 2009
Table of Contents


Our Mission Statement                        7

Introduction by the Board of Management      8

Vienna Insurance Group                       11

The Economic Background in 2009              13

The Donau in 2009                            14

Marketing, Sponsoring and Public Relations   22

Outlook                                      23

Balance Sheet                                24

Profit & Loss Account                        26

Contacts                                     31

Branch Offices                               32

Board of Management                          33

Publishers’ Imprint                          34




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6
 Information on the Business Year 2009
Our Mission Statement

Donau Versicherung AG Vienna Insurance Group is among the Top Ten insurance companies
of Austria. Traditionally our focus is on private clients, agriculture as well as trade and
industry. In the last few years Donau has strengthened its position in the life insurance sector
and is represented in the market with modern and innovative products.

We are represented throughout Austria in eight provincial headquarters, in approximately 60
branch offices and service outlets with about 1400 staff.

Donau Versicherung was founded in 1867, in the same year in which the famous waltz with
the same name was composed. This means we have gained 142 years of experience over a
rather turbulent span of time and are looking forward to meeting the challenges of the future
with great commitment.


For our Clients

It is in line with our entrepreneurial spirit that we constantly strive to meet the requirements   The client is the centre of all our activities

of our customers. Together with the customer we determine his personal need for protection
and provisions for the future. This way we build up a long-term positive relationship, trust
and satisfaction on a mutual basis.


For our Staff

Our senior managers are setting an example for all their staff. They delegate responsibility       We believe in teamwork

and competence and involve their staff in decision-making processes. Every one of our
employees can depend on the entire team. The experience and security of a large insurance
company are the basis on which Donau staff is giving expert advice to customers.


For our Shareholders

Our prudent business strategy makes it possible to increase our earnings and to improve            Our economic success is for the long-term

our financial strength. We welcome the economic challenges with new ideas and improved
business solutions. We adapt to the changing times and utilize our potential to improve
business results.


For Society

We are well aware of our responsibility as an important factor of the Austrian economy. We         We feel responsible for our clients,
                                                                                                   our staff and our environment
are permanently engaged in communicating information, and transparency of our business is
a constant major concern. In addition to fulfilling our responsibilities as a business company
within the national economy we sponsor cultural and social institutions.




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                      Introduction by the Board of Management

                      Ladies and Gentlemen,
                      Dear Customers of Donau Versicherung,


                      In spite of the difficult economic situation Donau has been able to reach the targets set
                      for the year 2009. The profit on ordinary activities (per UGB) amounts to EUR 54.1 million
                      for the financial year. This represents an increase of 37.7 percent over the previous year.
                      The premium income of direct business amounted to EUR 683.6 million. Donau was able to
                      play its trump cards quality, flexibility and client-orientation in order to further strengthen its
                      market position.

                      Our top position in the domestic insurance market is not only marked by our excellent business
                      result, but was also confirmed by two very important awards. The Finanzmarketingverband
                      conferred the “Recommender” award to Donau in 2009. This is an award which refers to the
                      readiness of Donau clients to recommend their insurer to others.
                      The very high client orientation of Donau was given excellent marks and our company
                      recorded the highest number of recommendations. In the category householders’ and
                      homeowners’ insurances Donau was able to achieve second place in the highly coveted
                      AssCompact Award 2009. 1400 independent insurance brokers voted for our company. Both
                      awards underline that our philosophy of personal service and individual advice is the right
                      way to achieve success.

                      Our company motto “As flexible as life” is reflected in our innovative product portfolio. In
                      2009 Donau introduced Lebenskasko, a product unique in Austria which provides a basic
                      cover in case of a serious illness. With our product BGV Vario we set a new market standard
                      in the area of comprehensive business covers.

                      A special highlight of the year 2009 was the opening of our two new provincial offices in
                      Graz and in Klagenfurt. The new office buildings offer excellent working conditions to our
                      staff and more comfort to our clients. Moreover, we significantly extended the service we
                      provide in the two offices.

                      Our IT-team succeeded in greatly improving business processes in 2009. Since July the
                      standard life insurance business is being run on the new SAP-program. This software module
                      optimizes our internal processes of life insurance business. Donau is the first user of this
                      newly developed SAP module worldwide.

                      Efficient cost management and consistent optimization of administrative processes by means
                      of modern information and communication technologies have upmost priority. The long-term
                      aim is a continuous improvement of the technical result. With sustainable measures we will
                      achieve significant results. The combined ratio (after re-insurance) was below 96%.




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 Information on the Business Year 2009
                                                                                                  Dr. Jutta Frühberger
                                                                                                  Member of the extended
                                 Mag. Robert Haider                                               management board
                                 Board Member
         Dr. Franz Kosyna                                                   Mag. Gertrud Drobesch
         General Manager                                                    Member of the extended
                                                                            management board
                                                      Mag. Johanna Stefan
                                                      Board Member




Targets for 2010

In 2010 we plan to continue our way towards profitable growth. Our special focus will be
property and casualty business, with a special emphasis on commercial lines. Another focus
will be individual and company-sponsored life insurance.

With regard to the strategic development of our company, health insurance will be playing an
important role. This new class of business is a further step toward a broader product range
for our clients.

We would like to thank our staff for their enormous commitment and the contribution to
Donau Versicherung AG. We thank our clients, our shareholders and our business partners
for their trust in us. Together with our staff we will continue to respond to the opportunities
and challenges of the market.


The Board of Management,
Donau Versicherung AG Vienna Insurance Group




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     Information on the Business Year 2009
Vienna Insurance Group

The Vienna Insurance Group is one of the largest listed international insurance groups in
Central and Eastern Europe (CEE). The Group, headquartered in Vienna, operates around
50 insurance companies in 23 countries and has approximately 23,000 employees. The
insurance companies of the Vienna Insurance Group offer high-quality insurance services in
both the life and non-life segments. Their main objective is to provide innovative insurance
solutions for all areas of life and top-quality customer service in all markets.


Leading Position in the CEE Region                                                                  LEADING


In 1990, the Vienna Insurance Group became the first Western insurance company to make
a move into the countries of Central and Eastern Europe. Since then, the Vienna Insurance
Group has continuously expanded its involvement in the region in pursuit of its goals. Its clear,
focused internationalisation strategy in the CEE economic region gave it the boost needed to
move from being a national insurance company to an international group of companies. The
Vienna Insurance Group now participates in 23 markets, extending from Estonia in the north
to Turkey in the south, and from Vaduz in the west to Vladivostok in the east. It is one of the
leading international insurance groups doing business in Central and Eastern Europe.


Focus on the CEE region
                                                                                                        IN
The growth potential in the CEE region opens up many opportunities for development of the
company, especially opportunities for longer-term development. The Vienna Insurance Group
has expanded its involvement in the region step by step over the past years. In the beginning,
the main focus was on offering insurance services in the motor segment. In addition to motor
insurance, household and homeowner‘s insurance was also in strong demand. In response
to the increasing level of prosperity, the Vienna Insurance Group began to offer savings and
investment products in the form of life insurance in addition to its basic policies. With this
in mind, the Vienna Insurance Group strengthened its presence in the markets of the CEE
countries by acquiring the s Versicherungsgruppe, specialising in life insurance, and thereby
added to the strength of its existing distribution channels.                                                  CEE.
The Vienna Insurance Group is therefore optimally positioned to participate in the increased
need for insurance accompanying the rising standard of living in the countries of the CEE
region. The Group has vigorously expanded its position in the CEE region, and already
generates about 50% of its total premium volume of around EUR 8 billion in the growth
region of Central and Eastern Europe. In the property/casualty business, the CEE companies
are already contributing more than 60% of Group premiums. No other international insurance
company generates such a high proportion of its premiums in this region.


Clear strategic orientation

The Vienna Insurance Group‘s international focus on Central and Eastern Europe is aimed at
achieving long-term steady growth in premiums and earnings. In addition to strengthening
its market-leading position in Austria, the goals of the Vienna Insurance Group therefore also
include an expansion of its insurance business in Central and Eastern Europe. The focus in
this expansion will be on organic growth of the insurance companies. The Vienna Insurance
Group has followed a clear strategy of value-oriented growth for many years, with a central

                                                                                                        11
                       focus on being a leader. The Vienna Insurance Group is already one of the market leaders in
                       Austria, the Czech Republic, Slovakia, Romania, Albania, Bulgaria, Georgia and Ukraine.

                       One of the key factors in the Vienna Insurance Group‘s success in strengthening its market
                       position is its multi-brand strategy, which relies on the power of proven brand names with
                       a long tradition in all markets. The Group also takes advantage of its excellent access to
                       customers by utilising multi-channel distribution, making systematic use of synergies, and
                       diversifying risk broadly.

                       The experience and solid market knowledge gained by the Vienna Insurance Group over the
                       past 20 years is applied continuously to the Group‘s insurance business, which is broadly
                       diversified across countries, distribution channels and products. The unwavering path
                       followed by the Group has led to similar strength in the structure of the business, which in
                       turn is reflected in an excellent rating from Standard & Poor‘s (A+, stable outlook).


                       Stability during difficult times

                       The importance of a broad geographical market base becomes particularly clear during
                       difficult economic times. The differences in economic momentum among different countries
                       have a balanced effect on the Vienna Insurance Group. As a result, the Vienna Insurance
                       Group achieved outstanding performance and successfully continued its growth in 2009,
                       in spite of the currently cloudy economic situation. The Vienna Insurance Group stands for
                       financial stability, offering its customers a high level of security in the present as well as in the
                       future. Based on its knowledge of insurance markets in the CEE region, the Vienna Insurance
                       Group feels that these markets, which are not yet saturated compared to Western Europe,
                       are likely to continue showing growth rates above those for Western Europe over coming years.


                       Our employees are our path to success

                       The Group‘s shared success across all of its markets has been made possible by the dedicated,
                       entrepreneurial commitment of the employees in our Group companies. Special thanks are
                       therefore due to all employees of the Vienna Insurance Group. Our common commitment
                       makes great achievements possible, especially in turbulent times, and will continue to
                       strengthen the Group in the future.

                       Further information on the Vienna Insurance Group is available at www.vig.com or in the
                       Vienna Insurance Group Annual Report.




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  Information on the Business Year 2009
                                                                                                    The Economic Background in 2009




The Economic Background in 2009

Most European countries suffered a significant economic slump, particularly in the first half of
the year 2009. In the Euro-zone the quick implementation of unconventional measures such
as infrastructural and bank subsidies as well as eco-premiums for new cars have aided the
national economies to return to a positive growth path faster than expected.

According to the Chamber of Commerce the Austrian economy as a whole shrunk by 3.4
percent in real terms in 2009. After a reduction of the Austrian gross domestic product in
the first half of 2009, the third quarter showed the first signs of growth, a sign that the
bottom of the economic recession has been left behind. There were also special effects which
softened the dramatic down-turn. A tax reform granting relief to a large segment of the
population triggered an increase in private consumption and had a stabilizing effect on the
domestic growth rate. The year 2009 also provided a number of challenges to the insurance
industry. The economic situation and the resulting problems in the real economy will require
the special attention of the insurance industry for some time to come. In spite of this the
insurers were able to fulfil the commitments entered vis-à-vis their clients, their staff and
their business partners.

A risk for the current business year is the fact that state aids will be rather limited due to
the difficult budget situation. Therefore the economic researchers are predicting a further
increase of the rate of unemployment, leading consumers to become insecure, less ready
to assume risks and to lose confidence in the future. Therefore the Management of Donau
Versicherung is expecting that 2010 will be yet another difficult year for the industry. The
insurance market will be called upon to offer even more flexibility and service to their clients.




                                                                                                                         13
The Donau in 2009

Balance Sheet Structure

The relevant financial performance indicators shown in the balance sheet of an insurance company
are the investments under assets, the capital & reserves and the technical provisions under liabilities.



Assets in EUR million                                                                                                     2009                    2008

Investments (incl. investments of fund- and index-linked life insurance)                               2,467.2       91.6%           2.455.7      91.9%
Other assets                                                                                             226.3        8.4%             216.8       8.1%
                                                                                                      2,693.5      100.0%           2,672.5     100.0%




Liabilities in EUR million                                                                                                2009                    2008

Capital and reserves                                                                                     113.1           4.2%           91.6      3.4%
Technical provisions (incl. technical provisions of fund-
and index-linked life insurance)                                                                       2,192.4       81.4%           2,165.1      81.0%
Other liabilities                                                                                       388.0       14.4%              415.8      15.6%
                                                                                                      2,693.5      100.0%           2,672.5     100.0%




The capital and reserves developed as follows over the last two years:


in EUR million                                 share capital     capital reserves   profit reserves       risk reserve             balance        total
                                                                                                        per sec 73a ISA          sheet profit

Amount 1/1/2008                                         16.6                 6.6              14.4                11.8                 34.4       83.8
Dividend                                                                                                                               -30.0     -30.0
Transfer/release                                                            10.0                                                                  10.0
Profit for the financial year                                                                                                           27.8      27.8
Amount 31/12/2008                                       16.6                16.6              14.4                11.8                 32.2       91.6
Dividend                                                                                                                               -30.0     -30.0
Transfer/release                                                                                                                                   0.0
Profit for the financial year                                                                                                           51.5      51.5
Amount 31/12/2009                                       16.6                16.6              14.4                11.8                  53.7     113.1




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      Information on the Business Year 2009
                                                                                                   The Donau in 2009

                                                                                                   Total Business




Total Business

In spite of the difficult economic background Donau Versicherung achieved a total written
premium income of EUR 683.6 million in 2009. The high degree of client loyalty and flexibility
of Donau were the main factors contributing to the excellent overall result.


Written premiums in EUR million                                                             2009          2008      Change in %

Property & casualty, direct                                                                484.8        478.2                1.4
Life insurance, direct                                                                     198.8        205.8               -3.4
Total, direct business                                                                     683.6        684.0              -0.1
Property & casualty, indirect                                                                1.1          3.9             -71.8
Life insurance, indirect                                                                     7.3          8.9             -18.0
Total, inward reinsurance                                                                    8.4         12.8            -34.4
Property & casualty, reinsurance direct                                                     62.2         64.4               -3.4
Property & casualty, reinsurance indirect                                                    0.4          1.6             -75.0
Life insurance, reinsurance direct                                                           2.4          2.3                4.3
Life insurance, reinsurance indirect                                                         0.0          0.0                0.0
Total, outward reinsurance                                                                  65.0         68.3              -4.8
Net retained written premiums                                                              627.0        628.5              -0.2


Property & Casualty Business

The direct written premiums of Donau property & casualty business grew by 1.4 percent to
EUR 484.8 million in 2009.


Life Insurance

The premium income of the Donau life insurance sector amounted to EUR 198.8 million.
Regular premium income increased by 0.4 percent to EUR 167.9 million. One time premiums
decreased by 19.8 percent.


Claims

Claims payments (including claims handling expenses) relating to direct business increased by
21.2 percent to EUR 568.9 million.


Claims paid in EUR million                                                                  2009          2008      Change in %

Property & casualty, direct                                                                348.9         315.5             10.6
Life insurance, direct                                                                     220.0         153.9             42.9
Total, direct business                                                                     568.9        469.4              21.2
Property & casualty, indirect                                                                1.1           2.8            -60.7
Life insurance, indirect                                                                     1.9           2.5            -24.0
Total, inward reinsurance                                                                    3.0           5.3           -43.4
Property & casualty, reinsurance direct                                                     59.9          47.0             27.4
Property & casualty, reinsurance indirect                                                    0.6           1.1            -45.5
Life insurance, reinsurance direct                                                           2.2           1.9             15.8
Life insurance, reinsurance indirect                                                         0.0           0.0              0.0
Total, outward reinsurance                                                                  62.7          50.0            25.4
Net retained claims paid                                                                   509.2        424.7              19.9




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Operating Expenses

As compared to the previous year operating expenses increased by 2.1 percent to EUR 160.2 million
(2008: EUR 156.9 million).


Investment Income

The amount of capital investments (minus deposit receivables, plus cash in banks) was
EUR 2,467.2 million as at December 31st, 2009 (2008: EUR 2,455.7 million). This represents an
increase of 0.5 percent. EUR 227.9 million (2008: EUR 157.2 million) thereof are allocated to the
fund- and index-linked life insurance portfolio. Overall current investment income increased by
2.5 percent to EUR 110.9 million in the year of account (2008: EUR 108.2 million).


Combined Ratio

In 2009 the combined ratio (after reinsurance) was below 96.0 percent.


Result on Ordinary Activities

Profit on ordinary activities in EUR million                                                        2009   2008

Profit on ordinary activities (UGB)                                                                 54.1   39.3




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       Information on the Business Year 2009
                                                                                                          Property & Casualty Insurance




Property & Casualty Insurance

Donau Versicherung is Austria’s fifth largest property & casualty insurer. In addition to the
traditional motor and non-motor classes of business, the company is offering innovative
products in the commercial and industrial sector.


Result

In 2009 the direct premium income of property and casualty business amounted to EUR
484.8 million. This represents an increase of 1.4 percent as compared to the previous year.
In non-motor business the increase amounted to 3.0 percent. The premium income of motor
business decreased slightly by 0.5 percent.


         Written premiums in EUR million                                                                     2009        2008     Change in %

         Non-motor business                                                                                 265.3        257.5             3.0
         Motor business                                                                                     219.5       220.7             -0.5
         Total, property & casualty insurance                                                              484.8        478.2              1.4



Claims payments for direct property and casualty business increased by 11.2 percent to
EUR 337.0 million in the year of account.


Claims paid in EUR million                                                                        2009          2008     Change in %

Non-motor business                                                                                179.7        161.5             11.3
Motor business                                                                                    157.3        141.6              11.1
Total, property & casualty insurance (without claims settlement and claims prevention expenses)   337.0       303.0              11.2




in EUR million                                                                                    2009          2008     Change in %

Operating expenses                                                                                127.2        126.2              0.8




in EUR Mio.                                                                                       2009          2008

Profit on ordinary activities                                                                     51.0           29.7




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18
 Information on the Business Year 2009
                                                                                                         Life Insurance




Life Insurance

Donau is living its standards of quality, flexibility and proximity to its clients. These strengths
had a positive influence on the 2009 result. A dependable partner and flexible pension
products were in greater demand than ever before.


Result

Direct life insurance premiums from regular premium business increased by 0.4 percent to EUR
167.9 million, whereas there was a decrease of 19.8 percent in one-time premium products.
Overall direct life insurance premium income decreased by 3.4 percent to EUR 198.8 million.


Written premiums in EUR million                                                                  2009           2008      Change in %

Regular premiums                                                                                167.9          167.3              0.4
One time premiums                                                                                30.9           38.5            -19.8
Total, life insurance                                                                          198.8          205.8              -3.4




Benefits paid in EUR Mio.                                                                        2009           2008      Change in %

Whole life                                                                                         9.7            9.7            0.0
Endowment                                                                                       153.3           98.3            56.0
Annuities                                                                                         11.8           11.8            0.0
Redemption surrenders                                                                            43.5           32.5            33.8
Total, life insurance (without expenditure for paying out the benefits)                         218.3          152.3            43.3




in EUR million                                                                                   2009           2008      Change in %

Operating expenses                                                                               33.0           30.7              7.5




in EUR million                                                                                   2009           2008

Profit on ordinary activities                                                                     3.1            9.6




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                                              Service and Information for the Customer

                                              New Provincial Head Offices in Graz and Klagenfurt

                                              A special highlight of the year was the opening of the two new provincial head offices in
                                              Graz and Klagenfurt. The new buildings not only offer a modern work environment for the
                                              staff but also increased convenience for our clients. In addition the service offered in the two
                                              new offices were expanded significantly. With these two offices Donau is again stressing
                                              the importance of an Austria-wide presence in the form of service outlets, customer-friendly
                                              opening hours and local service. Only this way our company will fulfil its aim to be the ideal
Head Office Graz
                                              partner in all insurance matters.

                                              In addition to its own sales force Donau co-operates with about 3000 independent insurance
                                              brokers and agents. Optimum administrative processes and trend-setting IT-support complete
                                              the picture.


                                              Long-standing Co-operation with the Savings Bank Sector

                                              The successful co-operation with Erste Bank and the savings banks was intensified in the
                                              course of 2009. By complementing its insurance product range with bank products Donau
                                              has an ideal instrument for its individual customer service strategy.
Head Office Klagenfurt


                                              Freedom of Services without Borders

                                              Within the framework of the freedom of services directive Donau has extended its presence
                                              to other countries. The company can now operate direct in all member states of the European
                                              Union. In addition the company is offering its customers international service with the support
                                              of more than 50 insurance companies of the Vienna Insurance Group in CEE countries. In
                                              Italy Donau operates its own subsidiary in Milan. Donau is acting as the Group centre for
                                              all property and casualty classes of business. The company has traditionally a substantial
                                              portfolio of small and medium-size commercial clients. Donau is the best choice for catering
                                              to the insurance requirements of these clients not only in Austria but in all European Union
                                              countries.


                                              Donau in Italy

                                              Donau is continually expanding its presence in the Italian market. The Italian Donau subsidiary
                                              in Milan was founded in 2007, after having operated for about 10 years within the freedom
                                              of services directive. After consultation with Donau Versicherung AG Austria it is continually
                                              expanding its sales presence.

                                              There are three channels: insurance brokers, who are always open to new business ideas,
                                              multiple agencies, who have been active in Italy only recently following the passing of a new
                                              law, and financial institutions, which are constantly looking for new attractive products and
                                              tariffs.

                                              In Italy Donau is predominantly active in the property and casualty market. The product range
                                              includes householders’ and homeowners’ insurance, insurance covers for small and medium-
                                              size companies, motor insurance and personal accident insurances.

                     20
                         Information on the Business Year 2009
                                                                                                    Service and Information for Customer

                                                                                                    Information Technology




Information Technology

In 2009 a milestone was reached in the optimization of internal work processes. Since July of       Optimum work processes
                                                                                                          with new IT solutions
last year Donau works with a special SAP program for underwriting standard life insurance
business, which is greatly improving internal work processes.


Online-Information My Don@u

MyDon@u, the free-of-charge online information tool, which has been available to clients
for several years free of charge, offers access to policy details via internet. Donau clients can
register directly under www.donauversicherung.at.
The online service is constantly being extended and improved. In 2009 automatic links to
clauses and conditions relating to the insurance contracts of registered clients were installed.
In addition to the possibility to view all policies with up-to-date information, the client is
informed on the value of his funds on a daily basis at the push of a button in the case of
fund-linked life insurances. Loading down the premium payment confirmation required by
the tax authorities for the offsetting of premiums facilitates electronic filing of the data.


5-day Policy Issuing Guarantee

For standard business Donau guarantees that the policy is issued within 5 working days if the
proposal form is submitted by utilizing the electronic online broker platform Together. In case
of manually filled in proposal forms the policy is issued within 10 workdays.




                                                                                                                             21
                      Marketing, Sponsoring and Public Relations

                      Advertising

                      Experts, specialists and professionals – the advertising campaign 2009 puts the expertise of
                      Donau staff in the foreground of its communication. The campaign on posters and on the air
                      builds on the Recommender Award 2009. The client sees our products and the company in
                      the same way as he sees every member of Donau staff, and this quality was confirmed by the
                      Recommender award (readiness of clients to recommend Donau as the insurer of choice to
                      others). The Austria-wide poster campaign started in September 2009 presents the expert for
                      claims settlement, the specialist for product flexibility and the professional guaranteeing client
                      satisfaction representating Donau staff all over Austria. This campaign was accompanied by
                      radio spots, where Donau experts, professionals and specialists had their say. In a personal,
                      open and humorous way the claims expert, the specialist for product flexibility and the client
                      satisfaction professional spoke about the excellent service of the Donau. The campaign was
                      a success and the feedback of customers, potential customers and business partners was
                      overwhelming.


                      Awards

                      The Finanzmarketingverband awarded the Recommender to Donau – an award for the
                      readiness of customers to recommend the company. The Finanzmarketingverband especially
                      praised the excellent customer-orientation of the Donau and it elected the company
                      as the climber of the year 2009. Donau also reached second place in the highly coveted
                      “AssCompactAward 2009” in the categories householders’ and homeowners’ insurance.
                      1400 independent brokers and clients voted for our company. Both awards underline that
                      our course of better personal service and individual advice is correct.


                      Donau as Promotor of the Arts and Culture

                      As a successful company Donau is aware of its social responsibility and supports Austrian
                      arts and culture. For many years now our company selects special cultural arts projects
                      such as the Sammlung Essl and the Austrian National Library for its sponsoring activities. In
                      this way Donau makes an active contribution to preserve valuable cultural goods for future
                      generations.


                      Careful Handling of the Environment

                      Protection of the environment is an important part of the philosophy of every responsible
                      company. Therefore Donau is taking measures to protect the environment. Donau is taking
                      responsible action in the areas of building and office management, procurement and waste
                      disposal, mobility, company cars, promotion of environment-friendly projects and connecting
                      insurance products with effective environmental issues. In procurement and recycling care is
                      taken to protect the environment and the climate. For ecological reasons certain products are
                      not being purchased at all or only after careful consideration.




22
 Information on the Business Year 2009
                                                                                                  Marketing, Sponsoring and Public Relations

                                                                                                  Outlook




Outlook

Forecast for 2010

According to the Austrian Chamber of Commerce the recovery of the Austrian economy will
be reflected in a 1.5 percent growth of the gross national product. This increase was made
possible by massive fiscal impulses in Europe and worldwide. Special effects such as eco-
premiums for new cars and subsidies for infrastructural investments are increasing demand.
Various subsidies supporting shorter working hours have softened the impact of the economic
recession on the labour market. The insurance industry too has accordingly developed new
conditions adapted to the new situation.


New Conditions for Premium-Subsidized Pensions

In the past few years the premium-subsidized pension has become an effective and well-
liked private pension product in the Austrian market. Due to the financial crisis a number of
reforms of the legal framework for the premium-subsidized pension scheme have become
necessary. The pertinent legal amendments issued in 2009 have made state-subsidized
pension products even more attractive and safe. Until 2009 the legally prescribed percentage
of shares was 40%, in November 2009 it was reduced to 30%. Starting from January
1st, 2010 a “life cycle model” will be introduced for all new contracts, in which the share
percentage is reduced with the increasing age of the insured.


Health Insurance

This class of business will be gaining in importance for the insurance industry in the future.
For Donau Versicherung health insurance is playing an important strategic role in the
development of the company. For many years Donau has successfully acted as an agency for
health insurance products. In December 2009 the Ministry of Finance has granted Donau the
license to write health insurance business. This is a further step to an even broader product
portfolio available to Donau clients.



Property & Casualty Business – SMS Catastrophe Warning

From January 2010 all Donau clients who are taking out a homeowners’ insurance or who
are updating their existing policy may take advantage of a free-of-charge SMS catastrophe
warning service. There will be a warning at least 30 minutes before the event in the case
of thunderstorms and hail. In the case of storm, black ice, extreme snowfall and rain the
warning will be at least 6 hours in advance.


Motor Insurance

The sum insured in motor third party insurance can never be too high. Therefore risk-sensitive
Donau clients can opt to increase the legally required sum insured for motor third party claims
of EUR 6 million to EUR 20 million.




                                                                                                                         23
                                  Balance Sheet as at 31 December 2009




Assets                                                                     Property & Casualty                  Life           Total 2009    Total 2008
in EUR, 2008 amounts in EUR thousands


A. Intangible Assets
   I. I.Expenditure for the acquisition of an insurance portfolio                  510,983.00                  0.00            510,983.00          766
  II. Other intangible assets                                                    3,602,663.13                  0.00          3,602,663.13        3,892
Total intangible assets                                                         4,113,646.13                   0.00         4,113,646.13         4,658

B. Investments
    I. Land and buildings                                                        41,034,947.13       19,448,759.92          60,483,707.05       59,334
   II. Interests in associated undertakings and participating interests
       1. Shares in associated undertakings                                     56,013,264.60        32,025,633.91         88,038,898.51        97,684
       2. Bonds and other securities issued by associated undertakings
       and loans to associated undertakings                                    102,398,203.53        14,839,905.00         117,238,108.53       113,314
       3. Participating interests                                               12,584,289.61                 0.00          12,584,289.61        12,584
       4. Bonds and other securities issued by and loans to undertakings
       in which a participating interest is held                                12,025,292.86        95,176,482.62         107,201,775.48       71,091
  III. Other investments
       1. Shares and other variable yield securities                           85,509,333.51         292,230,596.64         377,739,930.15     464,001
       2. Bonds and other fixed interest securities                           253,982,884.49       1,082,867,648.18      1.336,850,532.67     1,257,097
       3. Mortgage loans                                                          239,305.20                    0.00            239,305.20          343
       4. Prepayments on policies                                                        0.00           3.770.765.40          3.770.765.40        3.566
       5. Other loans                                                           27,101,528.48          67,302,017.60        94,403,546.08       134,273
       6. Deposits with credit institutions                                     17,453,097.93                   0.00         17,453,097.93       48,974
  IV. Deposit receivables associated with inward reinsurances                       47,316.66           9,197,520.82          9,244,837.48       20,290
Total Investments                                                            608,389,464.00      1,616,859,330.09      2,225,248,794.09      2,282,550

C. Assets held to cover linked liabilities                                               0.00     242,999,689.61         242,999,689.61        157,161

D. Debtors
    I. Debtors arising out of direct insurance operations
       1. policyholders                                                         31,873,153.31         5,292,521.27         37,165,674.58         35,361
       2. intermediaries                                                        14,263,262.99                 0.00         14,263,262.99         15,104
       3. insurance companies                                                    1,538,092.88           120,478.18          1,658,571.06          1,398
   II. Debtors arising out of reinsurance operations                           39,092,802.98            532,010.80         39,624,813.78        23,565
  III. Other receivables                                                         8,510,814.99         1,690,785.34         10,201,600.33        10,582
Total Debtors                                                                  95,278,127.15         7,635,795.59        102,913,922.74         86,010

E. Accrued interest                                                            11,606,748.30        32,529,066.53         44,135,814.83         43,846

F. Other assets
    I. Tangible assets and inventory (not including land and buildings)         4,228,866.37                  0.00          4,228,866.37         3,956
   II. Cash at banks and in hand                                               15,246,771.99          8,098,928.40         23,345,700.39        36,286
  III. Other                                                                     1,217,769.86                 0.00           1,217,769.86       15,869
Total other assets                                                            20,693,408.22          8,098,928.40         28,792,336.62         56,111

G. Deferred expenses and accrued income
   I. Active tax deferral                                                       36,834,003,31         2,289,502.96         39,123,506.27        35,956
  II. Other deferred expenses and accrued income                                 5,457,136.64           674,887.81          6,132,024.45         6,209
Summe Rechnungsabgrenzungsposten                                               42,291,139.95         2,964,390.77         45,255,530.72         42,165

H. Offset items between divisions                                             159,912,725.61      -159,912,725.61                    0.00            0

Balance Sheet Total                                                          942,285,259.36      1,751,174,475.38      2,693,459,734.74      2,672,501




 24
     Information on the Business Year 2009
Liabilities                                                          Property & Casualty                 Life           Total 2009   Total 2008

A. Capital and reserves
    I. Ordinary share capital
       1. Nominal amount                                                  10,355,878.86         6,213,527.33        16,569,406.19       16,569
   II. Capital reserves
       1. Tied                                                              1,492,237.75           327,027.75         1,819,265.50       1,819
       2. Not-tied                                                          7,531,797.47        7,226,673.84         14,758,471.31      14,758
  III. Revenue reserves
       1. Legal reserve                                                      152,612.95           654,055.51           806,668.46          807
       2. Free reserves                                                   10,601,702.49         2,996,138.32         13,597,840.81      13,598
  IV. Risk reserve per section 73a Insurance Supervisory Act,
       taxed portion                                                       6,534,829.77         5,271,810.53        11,806,640.30        11,807
   V. Balance sheet profit                                                47,802,843.93         5,931,452.12        53,734,296.05       32,264
       Thereof profit carried forward                                      1,027,998.22        1,235,857.28          2,263,855.50         4,453
Total capital and reserves                                               84,471,903.22       28,620,685.40        113,092,588.62        91,622

B. Untaxed reserves
    I. Risk reserve per section 73a Insurance Supervisory Act             10,106,876.23         3,961,479.47        14,068,355.70       14,068
   II. Valuation reserve on account of special write-downs                     27,900.26                0.00             27,900.26          28
  III. Other untaxed reserves                                              11,071,000.11          832,110.03         11,903,110.14      12,808
Total Reserves                                                           21,205,776.60         4,793,589.50        25,999,366.10       26,904

C. Subordinated liabilities                                              37,750,000.00        37,750,000.00        75,500,000.00        75,500

D. Technical provisions, net retained business
    I. Provision for unearned premiums
       1. Gross amount                                                     60,242,147.07       10,653,607.03        70,895,754.10       72,212
       2. Reinsurers’ share                                                  -701,169.93          -98,807.50          -799,977.43         -915
   II. Long term business provision
       1. Gross amount                                                             0.00     1,343,287,274.71      1,343,287,274.71   1,393,064
       2. Reinsurers’ share                                                        0.00        -5,789,890.62         -5,789,890.62      -6,821
  III. Provision for outstanding claims
       1. Gross amount                                                    471,596,917.51        4,997,036.41       476,593,953.92      480,434
       2. Reinsurers’ share                                               -77,887,508.26         -164,647.34        -78,052,155.60      -71,905
  IV. Provision for premium refunds
       1. Gross amount                                                     1,385,230.34                 0.00         1,385,230.34        1,904
       2. Reinsurers’ share                                                 -390,622.71                 0.00          -390,622.71         -318
   V. Provision for profit participation bonuses for policyholders
       Gross amount                                                                0.00        10,593,160.02         10,593,160.02      12,851
  VI. Claims equalization provision                                      135,097,118.00                 0.00        135,097,118.00     132,289
 VII. Other technical provisions
       1. Gross amount                                                     4,337,445.95           163,184.06         4,500,630.01        3,838
       2. Reinsurers’ share                                                 -351,626.44                 0.00           -351,626.44         -273
Total technical provisions                                              593,327,931.53     1,363,640,916.77     1,956,968,848.30     2,016,359

E. Technical provisions for linked liabilities                                     0.00     235,481,684.82        235,481,684.82      148,754

F. Non-technical provisions
     I. Provisions for severance payments                                          0.00       25,770,298.00         25,770,298.00      25,230
    II. Provisions for pensions                                                    0.00       28,653,160.00         28,653,160.00       26,743
   III. Provisions for taxation                                                    0.00                0.00                  0.00       23,162
   IV. Other provisions                                                   18,222,435.28       10,021,626.18         28,244,061.46      29,438
Total non-technical provisions                                           18,222,435.28       64,445,084.18         82,667,519.46      104,572

G. Deposit liabilities associated with outward reinsurances                      127.40        5,888,698.12         5,888,825.52         6,943

H. Creditors
    I. Creditors arising out of direct insurance operations
       1. policyholders                                                   39,726,766.98         4,080,937.31        43,807,704.29       42,858
       2. intermediaries                                                   5,372,083.82                 0.00         5,372,083.82        6,108
       3. insurance companies                                              3,520,816.74                 0.00          3,520,816.74       2,790
   II. Creditors arising out of reinsurance operations                       982,730.96         1,029,975.95          2,012,706.91       1,544
  III. Amounts owed to credit institutions                                   258,839.69           173,250.00            432,089.69       2,526
  IV. Other creditors                                                    137,223,838.68         5,115,693.93       142,339,532.61      144,928
Total creditors                                                         187,085,076.87        10,399,857.19       197,484,934.06      200,754

I. Accruals and deferred income                                             222,008.46           153,959.40           375,967.86         1,094

Balance Sheet Total                                                    942,285,259.36      1,751,174,475.38     2,693,459,734.74     2,672,501




                                                                                                                                          25
                                Profit and Loss Account 2009




Property & Casualty Insurance
in EUR, 2008 amounts in EUR thousands

Technical Account                                                                                           2009        2008


1. Earned premiums
    Written premiums
      Gross written premiums                                                  485,862,315.94
      Outward reinsurance premiums                                            -62,650,983.46      423,211,332.48     416,123
    Change in the provision for unearned premiums
      Gross amount                                                                347,196.99
      Reinsurers’ share                                                           578,824.08         926,021.07          95
Total net earned premiums                                                                       424,137,353.55      416,218

2. Investment income allocated to the technical account                                                4,827.82            1

3. Other technical income                                                                          2,022,170.27        1,907

4. Claims incurred
   Claims paid
      Gross amount                                                            -350,024,917.36
      Reinsurers’ share                                                         60,539,195.32    -289,485,722.04    -270,224
   Change in the provision for outstanding claims
      Gross amount                                                                 64,760.04
      Reinsurers’ share                                                        11,797,306.55       11,862,066.59        1,196
Total net incurred claims                                                                       -277,623,655.45     -269,028

5. Increase of technical reserves
    Gross amount                                                                 -340,338.35
    Reinsurers’ share                                                                   0.00         -340,338.35         -343
Total increase of technical reserves                                                                -340,338.35         -343

6. Expenditure for premium refunds
   Gross amount                                                                  -387,509.78
   Reinsurers’ share                                                              365,986.99          -21,522.79       -1,306
Total expenditure for premium refunds                                                                -21,522.79       -1,306

7. Operating expenses
   Acquisition costs                                                                              -112,532,309.11    -111,493
   Other operating expenses                                                                        -25,308,952.83     -26,393
   Reinsurance commissions and profit participation associated with outward                         10,605,711.21      11,692
Total operating expenses                                                                        -127,235,550.73     -126,194

8. Other technical expenses                                                                       -2,895,035.97       -2,141

9. Change in equalization provision                                                              -2,808,334.00       -12,108

Technical result (carried forward)                                                               15,239,914.35         7,006




 26
     Information on the Business Year 2009
                                                                                                    Annual Accounts 2009

                                                                                                    Profit & Loss Account

                                                                                                    Property and Casualty Insurance




                                                                                          FLEXIBILIY



                                                                                      BRINGS


                                                                                                   P R O F I T.




Non-Technical Account                                                                                      2009             2008


Technical result (carried forward)                                                              15,239,914.35               7,006

1. Investment income and interest earned
   Income from participating interests, of which affiliated companies accounted for
    EUR 812,477.39 (2008: EUR 495,051.00)                                                          1,874,442.15             4,395
   Income from land and buildings, of which affiliated companies accounted for
    EUR 116,056.24 (2008: EUR 113,855.86)                                                          4,930,061.21             4,135
   Income from other investments, of which affiliated companies accounted for
    EUR 162,248.32 (2008: EUR 167,274.70)                                                        26,256,527.40           19,530
   Income from write-ups                                                                            204,449.05                0
   Profit from the sale of investments                                                           16,594,077.66            2,263
   Other investment income and interest earned                                                    4,083,885.59           11,172
Total investment income                                                                         53,943,443.06           41,496

2. Investment expenditures and interest paid
   Asset management expenses                                                                      -6,362,383.57           -4,255
   Write-downs on investments                                                                     -2,288,450.83           -9,381
   Interest paid                                                                                  -9,526,775.99           -4,930
   Loss from the sale of investments                                                                  -24,013.30             -36
   Other investment expenses                                                                         -116,348.19            -163
Total investment expenditures                                                                   -18,317,971.88          -18,766

3. Investment income transferred to the technical account                                            -4,827.82                 -1

4. Other non-technical income                                                                      222,546.74                 32

5. Other non-technical expenditures                                                                  -7,284.02               -108

Profit on ordinary activities, Property and casualty insurance                                  51,075,820.43           29,659




                                                                                                                             27
Life Insurance
in EUR, 2008 amounts in EUR thousand

Technical Account                                                                                                         2009        2008

1. Earned premiums
   Written premiums
   Gross written premiums                                                                   206,146,557.81
   Outward reinsurance premiums                                                              -2,375,472.49      203,771,085.32     212,397
   Change in the provision for unearned premiums
   Gross amount                                                                                358,302.20
   Reinsurers’ share                                                                            -22,412.60         335,889.60           7
Total net earned premiums                                                                                     204,106,974.92      212,404

2. Investment income allocated to the technical account                                                        46,561,344.49       56,508

3. Non-realized profits from investments per item C, of the assets
   (fund and index linked life insurances)                                                                     43,086,697.96         1,798

4. Other technical income                                                                                          102,779.45          229

5. Claims incurred
   Claims paid
   Gross amount                                                                            -221,886,269.84
   Reinsurers’ share                                                                           2,186,911.78    -219,699,358.06    -154,492
   Change in provision for outstanding claims
   Gross amount                                                                                -906,070.71
   Reinsurers’ share                                                                            116,649.49         -789,421.22       -1,428
Total net claims incurred                                                                                     -220,488,779.28     -155,920

6. Increase of technical reserves
   Long-term business reserve
   Gross amount                                                                            -34,694,046.99
   Reinsurers’ share                                                                         -1,027,582.85       -35,721,629.84      -7,253
Total profit participation bonuses                                                                             -35,721,629.84       -7,253

7. Expenditure for profit participation bonuses and
   profit sharing schemes for policyholders
   Gross amount                                                                                       0.00
   Reinsurers’ share                                                                                  0.00                0.00            0
Total profit participation bonuses                                                                                        0.00            0

8. Operating expenses
   Acquisition costs                                                                                            -22,201,098.55      -20,044
   Other operating expenses                                                                                      -11,312,291.85      -11,219
   Reinsurance commissions and profit participation associated with outward reinsurances                            498,234.77           554
Total operating expenses                                                                                       -33,015,155.63      -30,709

9. Non-realized losses from investments per item C, of the assets
   (fund und index linked life insurance)                                                                       -1,031,650.28      -67,087

10. Other technical expenses                                                                                      -546,393.79         -328

Technical result (carried forward)                                                                               3,054,188.00        9,641




 28
     Information on the Business Year 2009
                                                                                                                          Annual Accounts 2009

                                                                                                                          Profit & Loss Account

                                                                                                                          Life Insurance




                                                                                                                FLEXIBILITY




                                                                                                BRINGS




                                                                                                                                           P R O F I T.



Non-technical account                                                                                                          2009               2008


Technical result (carried forward)                                                                                   3,054,188,00                 9,641

1. Investment income and interest earned
   Income from participating interests, of which affiliated companies accounted for EUR 0.00 (2008: EUR 0.00)                 0.00                    0
   Income from land and buildings, of which affiliated companies accounted for EUR 0.00 (2008: EUR 0.00)              2,323,299.43                1,564
   Income from other investments, of which affiliated companies accounted for EUR 527,600.00
    (2008: EUR 354,645.75)
    75,471,879.77                                                                                                           78,370
   Income from write-ups                                                                                                 26,808.71                  0
   Profit from the sale of investments                                                                                4,809,826.97             15,650
   Other investment income and interest earned                                                                        2,709,479.62              2,880
Total investment income                                                                                             85,341,294.50             98,464

2. Investment expenditures and interest paid
   Asset management expenses                                                                                          -5,039,630.23             -3,410
   Write-downs on investments                                                                                        -22,602,493.55           -27,868
   Interest paid                                                                                                       -7,349,547.41           -9,690
   Loss from the sale of investments                                                                                  -1,808,322.07               -320
   Other investment expenses                                                                                           -1,979,956.75              -668
Total investment expenditures                                                                                      -38,779,950.01            -41,957

3. Investment income transferred to the technical account                                                          -46,561,344.49            -56,508

4. Other non-technical income                                                                                                  0.00                  0

5. Other non-technical expenditures                                                                                            0.00                  0

Profit on of ordinary activities, Life insurance                                                                     3,054,188.00                 9,641




                                                                                                                                                   29
Total Business
in EUR, 2008 amounts in EUR thousand

Non-technical account                                                                                           2009        2008


Technical result (Property & Casualty and Life carried forward)                                       18,294,102.35       16,647

1. Investment income and interest earned
   Income from participating interests, of which affiliated companies accounted for EUR 812,477.39
   (2008: EUR 495,051.00)                                                                                1,874,442.15       4,395
   Income from land and buildings, of which affiliated companies accounted for EUR 116,056.24
   (2008: EUR 113,855.86)                                                                               7,253,360.64        5,700
   Income from other investments, of which affiliated companies accounted for EUR 689,848.32
    (2008: EUR 521,920.45)                                                                             101,728,407.17       97,901
   Income from write-ups                                                                                   231,257.76           0
   Profit from the sale of investments                                                                 21,403,904.63       17,912
   Other investment income and interest earned                                                          6,793,365.21       14,052
Total investment income                                                                              139,284,737.56      139,960

2. Investment expenditures and interest paid
   Asset management expenses                                                                           -11,402,013.80       -7,665
   Write-downs on investments                                                                         -24,890,944.38      -37,249
   Interest paid                                                                                      -16,876,323.40      -14,620
   Loss from the sale of investments                                                                     -1,832,335.37        -356
   Other investment expenses                                                                            -2,096,304.94         -832
Total investment expenditures                                                                        -57,097,921.89      -60,722

3. Investment income transferred to the technical account                                            -46,566,172.31      -56,509

4. Other non-technical income                                                                            222,546.74            32

5. Other non-technical expenditures                                                                        -7,284.02         -108

6. Profit on ordinary activities                                                                      54,130,008.43       39,300

7. Income tax                                                                                         -3,564,360.84      -11,363

8. Profit after tax                                                                                   50,565,647.59       27,937

9. Release of reserves
   Release of other untaxed reserves                                                                      904,792.96         905
Total of reserve releases                                                                                904,792.96          905

10. Transfer to reserves
    Transfer to other untaxed reserves                                                                          0.00        -1,031
Total of reserve releases                                                                                       0.00       -1,031

11. Profit for the financial year                                                                     51,470,440.55       27,811

12. Profit carried forward                                                                             2,263,855.50        4,453

Balance Sheet Profit                                                                                 53,734,296.05        32,264




 30
     Information on the Business Year 2009
Contacts


Property & Casualty Insurance - Motor          Accounting
Günther Brandstätter                           Mag. Hans Meixner, Director

Property & Casualty Insurance - Non-Motor      Securities
Ing. Roman Pfisterer                           Mag. Christian Buchmayer

Property & Casualty Insurance - Underwriting   Stockholdings and Loans
Mag. Manuela Nedwed                            Dr. Robert Burger

Property & Casualty - Claims Department        Real Estate
Dr. Jutta Frühberger                           Mag. Anton Werner
Member of the extended Board of Management
                                               Legal
Reinsurance                                    Mag. Helene Kanta
Mag. Gerald Klemensich
Prok. Eva-Maria Stackl                         Internal Audit
                                               Dr. Herbert Allram
Life Insurance
Prok. Kurt Ebner                               Human Resources
                                               Mag. Gertrud Drobesch
Commercial Business                            Member of the extended Board of Management
Dr. Wolfgang Petschko
                                               Business Process Organization
Employed Sales Staff and Agencies              Mag. Wolfgang Unger
Mag. Martin Buchberger
                                               Company Actuary
DonauBrokerline                                Prok. Kurt Ebner
Mag. Alastair McEwen, Managing Director
Mag. (FH) Petra Bauer, Managing Director       Deputy Actuary
                                               Johannes Goldnagl
Marketing - Advertising
Mag. Ulrike Promberger                         General Secretary
                                               Dr. Johanna Lesjak




                                                                                     31
                          Head Office & Branches

                          Head Office                                Provincial Headquarter for Upper Austria
                          Schottenring 15, A 1010 Vienna             Volksgartenstrasse 15, A 4020 Linz
                          P.O. Box 770, A 1011 Vienna                P.O Box 607, A 4021 Linz
                          Tel: +43/050330-70000                      Tel. +43/050330-70160
                          Fax: +43/050330-997000                     Fax: +43/050330-9970160
                          E-mail: donau@donauversicherung.at         E-mail: linz@donauversicherung.at
                          Website: http://www.donauversicherung.at   Johann Haidinger, Manager


                          Donau Brokerline                           Provincial Headquarter for Salzburg
                          Schottenring 15, A1010 Vienna              Friedensstrasse 11, A 5033 Salzburg
                          P.O. Box 770, A 1011 Vienna                P.O. Box 17, A 5033 Salzburg
                          Tel.: +43/050330-70000                     Tel: +43/050330-70170
                          Fax: +43/050330-9970000                    Fax: +43/050330-9970170
                          E-mail: service@donaubrokerline.at         E-mail: salzburg@donauversicherung.at
                                                                     Kurt Resl, Manager
                          Provincial Headquarter for Vienna
                          Favoritenstrasse 82, A 1100 Vienna         Provincial Headquarter for the Tyrol
                          P.O. Box 219, A 1100 Vienna                Schlossergasse 1, A 6020 Innsbruck
                          Tel: +43/050330-70110                      P.O. Box 194, A 6010 Innsbruck
                          Fax: +43/050330-9970110                    Tel: +43/050330-70180
                          E-mail: favoriten@donauversicherung.at     Fax +43/050330-9970180
                          Andrew Glaser, Manager                     E-mail: innsbruck@donauversicherung.at
                                                                     innsbruck@donauversicherung.at
                          Provincial Headquarter for Lower Austria   Wolf-Dieter Bader, Manager
                          Mariazeller Strasse 1 am Europaplatz
                          A 3100 St. Poelten                         Provincial Headquarter for Vorarlberg
                          Tel: +43/050330-70120                      Arlbergstrasse 15, A 6850 Dornbirn
                          Fax: +43/050330-9970120                    P.O. Box 110, A 6850 Dornbirn
                          E-mail: st.poelten@donauversicherung.at    Tel. +43/050330-70190
                          Georg Hartl, Manager                       Fax +43/05033-9970190
                                                                     E-mail: dornbirn@donauversicherung.at
                          Provincial Headquarter for Styria          Engelbert Wiedl, Manager
                          Münzgrabenstraße 31, A 8010 Graz
                          P.O. Box 664, A 8011 Graz                  Branch Office for Italy
                          Tel. +43/050330-70140                      I 20122 Milano, Via V. Bellini 15
                          Fax +43/050330-9970140                     Tel. +39 02 896003 1
                          E-mail: graz@donauversicherung.at          Fax: +39 02 896003 30
                          Heimo Karpf, Manager                       E-mail: info@donauassicurazioni.it
                                                                     Antonio Caleari, Manager
                          Carinthia and East Tyrol
                          St. Veiter Ring 13, A 9010 Klagenfurt
                          P.O. Box 542, A 9010 Klagenfurt
                          Tel: +43/050330-70150
                          Fax: +43/050330-9970150I
                          E-mail: klagenfurt@donauversicherung.at




32
     Information on the Business Year 2009
Board of Management



In 2009 the Board of Management was
made up of the following members:


General Manager
Dr. Franz Kosyna, Vienna
Chairman (since July 1st, 2009)

Mag. Robert Haider, Vienna
Board Member

Mag. Johanna Stefan, Vienna
Board Member

General Manager
Dkfm. Hans Raumauf, Biedermannsdorf
Chairman (until June 30th, 2009)

Deputy General Manager
Dr. Rudolf Ertl, Vienna
Board Member (until June 30th, 2009)




                                       33
Publisher’s Imprint:
Owner, publisher and editor: Donau Versicherung AG Vienna
Insurance Group, Schottenring 15, A 1010 Vienna
For further information please contact the General Secretariat/
Company Communications:
Mag. Astrid Gutiérrez Donadio
telephone: ++43 (0)50330-72542
Design & Production:
media rocks! MedienGmbH
Photos: Ingo Petramer (chairman),
SCIENCE PHOTO LIBRARY / picturedesk.com

								
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