# Österreichische Beamtenversicherung (ÖBV)

Österreichische Beamtenversicherung (ÖBV) is an Insurance based in Vienna, Austria.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Vienna, Austria
- **Region:** Europe
- **Address:** Grillparzerstraße 11, 1010 Vienna, Austria
- **Founded:** 1895
- **Assets under management:** Undisclosed
- **Website:** oebv.com
- **LinkedIn:** linkedin.com/company/oesterreichischebeamtenversicherung

## Regulatory record

- **Reports private funds:** No

## About

Österreichische Beamtenversicherung (ÖBV) operates as a specialized mutual insurer serving Austria's public-sector workforce. The firm is deeply embedded in the country's social-partnership fabric, maintaining distribution partnerships with Sparda Bank and Volksbank Wien AG, as well as a strategic relationship with the vida trade union. This architecture channels steady premium flows into its general account. ÖBV's investment strategy is dominated by direct real estate, with the general account holding a tightly curated portfolio of Viennese properties spanning residential and mixed-use segments. Confirmed holdings in the 1st, 3rd, 8th, 9th, and 19th districts include commercial assets such as the ÖBV Head Office on Grillparzerstraße and mixed-use sites on Fleischmarkt 7 and Landesgerichtsstraße 16, alongside residential buildings on Dapontegasse 3, Wickenburggasse 13, and Hutweidengasse 69. The firm also operates Austria-domiciled fund vehicles including the ÖBV-Invest A Fonds. The strategy centers on long-duration, income-generating assets that match its liability profile—illiquid, unlevered, and held essentially in perpetuity. Stefan Mikula assumed the CEO role in 2025 following the retirement of long-tenured predecessor Josef Trawöger, marking the first leadership transition at the insurer in over a decade. The board includes Günther Herndlhofer, while Mathias Moser chairs the supervisory board. ÖBV is a member of the Austrian Insurance Association (VVO). ÖBV's structural differentiator is its mutual-company form embedded within a state-adjacent distribution model. Unlike publicly traded insurers or bank-owned carriers, ÖBV's capital account answers only to policyholders and the social partners that route employee flows to it. This governance structure insulates the investment program from short-term earnings pressure, enabling it to carry a Vienna-centric real estate book that would test the concentration limits of any publicly accountable asset manager.

## Sectors

- Real Estate
- Insurance

## People

- Stefan Mikula — CEO (Vorstandsvorsitzender)
- Günther Herndlhofer — Board Member (Vorstand)
- Mathias Moser — Chairman of the Supervisory Board (Aufsichtsratsvorsitzender)

## Questions

### Who runs the investment program at ÖBV?

Stefan Mikula has served as CEO (Vorstandsvorsitzender) since 2025, succeeding Josef Trawöger. The management board includes board member Günther Herndlhofer, while Mathias Moser chairs the supervisory board. Investment decisions flow through the general-account governance structure, not a separate investment subsidiary.

### What does ÖBV's real estate portfolio hold?

ÖBV's general account holds a concentrated portfolio of Viennese residential and mixed-use properties across multiple districts. Confirmed holdings include assets on Grillparzerstraße 11 (head office), Fleischmarkt 7, Landesgerichtsstraße 16, Dapontegasse 3, Hansalgasse 4, Wickenburggasse 13, and Hutweidengasse 69. The firm also operates the ÖBV-Invest A Fonds, an Austria-domiciled fund vehicle. A former holding, Grabenhof at Graben 14, was sold.

### Has ÖBV's leadership changed recently?

Yes. In January 2025, Stefan Mikula became CEO, replacing Josef Trawöger, who had led the firm for an extended period and retired. The transition coincided with Trawöger's departure; no other board turnover has been publicly noted.

### What regulatory framework governs ÖBV's investments?

As an Austrian insurance company, ÖBV falls under Solvency II regulation via the Austrian Financial Market Authority (FMA). Its membership in the Austrian Insurance Association (VVO) places it within the industry's self-regulatory body. The Solvency II framework imposes capital charges that generally favor investment-grade bonds and direct real estate over more volatile asset classes, aligning with ÖBV's observable portfolio.

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Last updated: 2026-08-11T02:43:31.692Z

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