Vienna Insurance Group (VIG) delivered a strong financial performance in 2025, reporting dynamic growth in premiums and profitability across all markets. The Group’s profit before taxes exceeded EUR 1 billion for the first time, reaching EUR 1.16 billion, while gross written premiums rose to EUR 16.3 billion, according to the company’s preliminary results.

The Group’s solid performance was driven by growth across all segments and lines of business, supported by improved technical profitability and strong capitalization.

Key financial results for 2025

• Gross written premiums: EUR 16.3 billion (+7.1%)
• Insurance service revenue: EUR 13.2 billion (+8.7%)
• Profit before taxes: EUR 1.16 billion (+31.7%)
• Net combined ratio: 90.1% (improved by 3.3 percentage points)
• Solvency ratio: 296%
• Net profit after taxes and minorities: EUR 834.9 million (+33.3%)

The Group’s earnings per share increased to EUR 6.46, while the operating return on equity reached 18.7%, reflecting improved profitability and operational efficiency.

Growth across CEE markets

Premium growth was recorded across all segments, with particularly strong developments in Poland (+10.7%), Extended CEE (+9.2%), Czech Republic (+8.2%), and Austria (+4.6%). Within the Extended CEE segment, notable increases were reported in Croatia (+12.9%), Romania (+9.3%), Hungary (+8.4%), the Baltic states (+7.8%), and Slovakia (+7.4%).

By business line, the highest growth was recorded in health insurance (+11.4%), followed by life insurance (+8.9%) and motor third-party liability insurance (+7.6%).

Commenting on the results, Hartwig Löger, CEO and Chairman of the Managing Board of Vienna Insurance Group, said: “VIG achieved an outstanding Group result in 2025, once again driven by strong growth and high levels of profitability in all countries. Based on this result and our strong capital position, the VIG Managing Board is proposing a dividend of EUR 1.73 per share. The planned Nürnberger acquisition will drive further profit growth for VIG and enhance our strong diversification.”

The Group intends to increase the dividend by 12%, from EUR 1.55 to EUR 1.73 per share for the 2025 financial year.

Strategic developments

VIG also highlighted its planned acquisition of Nürnberger Beteiligungs-AG, which is expected to strengthen diversification and support long-term growth in the CEE region. The Group has already secured 99.2% of the share capital, with the transaction expected to close in the second half of 2026, subject to regulatory approvals.

The Group has also introduced its new strategy “evolve28”, which sets ambitious targets for 2028, including:

• Gross written premiums of at least EUR 20 billion
• Profit before taxes of at least EUR 1.5 billion
• Net combined ratio below 91%
• Operating ROE of at least 17%
• Solvency ratio between 150% and 200%

Outlook for 2026

Looking ahead, VIG expects another positive financial year. Management anticipates profit before taxes between EUR 1.25 billion and EUR 1.30 billion in 2026, excluding the impact of the planned Nürnberger acquisition.

“We remain well prepared for the volatile geopolitical and macroeconomic environment. Against the backdrop of a high level of resilience and diversification within our Group, VIG’s management aims to achieve profit before taxes for the 2026 financial year within a range of between EUR 1.25 and 1.30 billion,” said Liane Hirner, VIG Chief Finance and Risk Officer.

Standard & Poor’s recently confirmed VIG’s A+ rating and revised the outlook to positive, reflecting the Group’s diversification, growth potential and resilience in the CEE region.

Download the full press release here.