Vienna Insurance Group (VIG) shared its plans for the next three years under the strategic Group program, evolve28.Five quantitative targets were set to guide the next three years, focusing on strengthening the Group’s market leadership in Central and Eastern Europe, boosting premiums and profit, and advancing the local strategies of its 50 companies.
Based on the outstanding Q1–Q3 Group result before taxes of EUR 873 million (a y-o-y increase of over 30%), VIG increased the range for the 2025 profit before taxes to EUR 1.10 billion to EUR 1.15 billion in November. This result also creates the foundation for the financial targets for the next three years.
Overview of the 2028 targets (without taking into account the planned acquisition of NÜRNBERGER Beteiligungs-AG):
- Gross written premiums: at least EUR 20.0 billion (+23% compared to 2025 forecast)
- Profit before taxes: at least EUR 1.5 billion (+30% compared to 2025 forecast)
- Net combined ratio: maximum 91%
- Operating return on equity: at least 17%
- Solvency ratio: 150% to 200%
Hartwig Löger, CEO of Vienna Insurance Group, on the ambitious KPIs: “Our planning provides a very clear picture of the growth trajectory we will pursue over the next three years, and this will be further increased once the regulatory approvals for the Nürnberger acquisition have been obtained. We are driving forward the expansion of our market leadership and plan to significantly grow our premiums and profit while remaining true to our principle of local entrepreneurship. We chose evolve28 as the name for the strategy because it represents a strategic approach that focuses on continuous development rather than changing everything at once. We build on proven success factors and adapt our business model flexibly and resiliently to the dynamic environment.”
In contrast to most multinational companies, VIG does not consider itself as a centrally controlled corporation, but rather as a Group that relies on strong self-responsibility of its local companies. This positioning will be consolidated by the strategy program planned for the next three years. With its evolve28 strategy, VIG does not impose a corporate strategy, but forms a framework with four strategic elements within which the local companies can align themselves individually.
The following four elements form the framework of evolve28:
- Values & Principles
- Country Portfolio & Company Strategies
- Group Programmes
- CO³ (Communication, Collaboration, Cooperation)
The Values & Principles describe the positioning of VIG Group and thus provide the foundation for strategic interaction. The five Group values are “Plurality”, “Entrepreneurship”, “Responsibility”, “Excellence” and “Passion”. The principles describe how VIG embodies its Group philosophy, the role of the Holding company and how collaboration works within the Group. They address factors such as the deeply rooted multi-brand strategy, the focus on local entrepreneurship and the differentiation between special markets and core markets.
The local strategies of the around 50 companies form the core element of the new strategic program. They were developed by each company based on a structured market and trend analysis and then consolidated at Holding company level. Structured knowledge sharing will be established next year to address topics from within the local strategies that are of Group-wide relevance. These include expanding the customer base, strengthening distribution, expanding the product offering, operational improvements to processes and structures, as well as prioritizing employees and corporate culture.
The five Group programs, as a further strategic element, are also embedded across the Group and managed by the Holding company with the involvement of local companies. They underpin the implementation of individual corporate strategies and build on the trends of the coming years. A member of the VIG Managing Board will be responsible for each program. The five Group programs are: Sustainability, Capital Management, Banking Cooperation, Artificial Intelligence and Health.
More intensive exchange within the Group is orchestrated by CO³ as the fourth framework element. This abbreviation represents the interconnection of Communication, Collaboration & Cooperation, and aims to strengthen collaboration within the Group, create synergies and foster transparency. This is achieved through established and new personal formats, on the one hand, and through the increased use of digital channels, on the other. The structured exchange of best practices generates economies of scale.
Dividend policy
Vienna Insurance Group confirms its existing dividend policy and aims to achieve a dividend per share of at least the same level as the previous year. Depending on the operating result, the Group’s objective is to continuously increase the dividend per share.
