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Flood Damage: NV Paid Out 90 Million Euros

Die NV zahlte nach dem Hochwasser rund 90 Mio. Euro aus.
Die NV zahlte nach dem Hochwasser rund 90 Mio. Euro aus. ©APA/EVA MANHART (Symbolbild)
Last year, the Niederösterreichische Versicherung (NV) experienced growth. Premiums in property, casualty, and life insurance increased by 7.1 percent to 435.2 million euros, the company announced on Wednesday.

Similarly, 2024 was marked for the insurance company by the damage burden from the flood disaster in September: According to their own information, the largest amount in the company's 100-year history was recorded at around 90 million euros.

Overall, insurance benefits in the property/casualty sector amounted to 345.3 million euros, which corresponds to an increase of 58.5 percent compared to 2023. The flood disaster alone caused around 16,000 damage claims.

(APA/Red)

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