The rating agency Standard & Poor's (S&P) has raised the outlook for Vienna Insurance Group (VIG) from A+ with a stable outlook to A+ with a positive outlook. 

According to S&P, VIG has made significant progress in further diversifying its business activities in recent years through its strong performance in CEE, broadening its earnings base, and increasing its resilience. According to S&P, these conditions position the Group for continued, sustainable expansion in the CEE region. The planned acquisition of NÜRNBERGER offers further diversification potential. 

“We are delighted that our strategic development has been assessed so positively and are confident that we will be able to further advance our long-term growth strategy in CEE with our planned diversification beyond the German market. This will not only be regional, but also across our product portfolio. As a leading provider of biometric solutions, Nürnberger brings a high level of complementary expertise that will also be beneficial in the core CEE market following the acquisition,” Hartwig Löger, Chairman of the Board of Management of the Vienna Insurance Group stated.

VIG is one of the companies with the best ratings in the leading index of the Vienna Stock Exchange.