Vienna Insurance Group (VIG) reported record full-year 2025 results on March 12, 2026, with profit before taxes exceeding €1 billion for the first time. Gross written premiums rose 7.1% to €16.3 billion, while insurance service revenue grew 8.7% to €13.2 billion.
The company’s property and casualty combined ratio improved to 90.1%, aided by favorable claims experience.
Central and Eastern European markets now account for a larger share of premiums than Austria, with Extended CEE contributing 31% of total premiums. Profitability remained concentrated in Austria and the Czech Republic, while Poland and other CEE markets delivered strong growth.
VIG made significant progress on its acquisition of Nürnberger Beteiligungs-AG, securing 99.2% of shares with closing expected in the first half of 2026. The insurer also introduced its “evolve 28” strategy, targeting gross written premiums above €20 billion and pre-tax profit over €1.5 billion by 2028.
The company maintained a conservative investment portfolio of €38 billion, with 74.6% in bonds, and a Solvency II ratio of 296%, supporting both growth and acquisition plans. Looking ahead, VIG projects 2026 pre-tax profit of €1.25–1.30 billion, driven by strong macroeconomic growth in its core CEE markets.
Despite the record performance, shares fell 2.88% to €64.25, reflecting investor caution around sustainability of profit growth and the upcoming integration of Nürnberger.
