VIG Re has reported a 17.8% year-on-year increase in profit before tax to €49m (approximately $53m) for FY’25, supported by disciplined underwriting, effective risk management, and solid investment performance.
Gross written premiums rose 1.3% to €995.6m (approximately $1.08bn), while return on equity reached 10.2%. The reinsurer also improved its net combined ratio to 85.7%, benefiting from portfolio growth, a resilient business mix, and below-average natural catastrophe losses across Europe.
The company highlighted its Assumed Risk segment as the core driver of operations, accounting for more than 75% of premium income. Of this, 63% originated from third-party business, while 37% came from within the Vienna Insurance Group.
VIG Re stated that it met all key financial targets in 2025, while further strengthening its market position across Europe and Asia.
With the results, the reinsurer is entering a new strategic phase under its three-year plan, VIGRe28.
Tobias Sonndorfer said: “2025 was a year of momentum for VIG Re, and our results clearly reflect the trust our clients place in our partnership-driven approach. Being recognised among the Top 30 global P&C reinsurance brands further confirms the strength of these relationships. With VIGRe28 now launched, we are building on a solid foundation: strengthening our core, expanding with intent, and accelerating impact through data, technology, and people.”
Peter Höfinger added: “VIG Re achieved an exceptionally profitable year, marked by strong financial performance, disciplined execution, and sustained value creation. The company continues to progress consistently with its long-term ambitions framed in strategic continuity, and a clear sense of direction.”
Wolfgang Hajek said: “Our 2025 results reflect disciplined execution across underwriting, capital management, and investments. Strong profitability, a robust solvency position, and a resilient balance sheet enable us to fund growth priorities under VIGRe28, deploy capital selectively, and sustain long-term value creation in a volatile risk environment.”
The results underline continued profitability momentum among reinsurers, as disciplined underwriting and lower catastrophe losses support earnings, while investment income remains a key contributor in a higher-rate environment.
