The Group’s insurance service revenue increased by 9.1% to EUR 3.42 billion, while gross written premiums rose by 4.4% to EUR 4.86 billion. At the same time, VIG further improved its profitability indicators, with the net combined ratio decreasing to 91.8%.
According to VIG CEO Hartwig Löger, the Group remains on track to achieve its full-year targets thanks to its strong capitalization and strategic expansion initiatives.
“Thanks to our excellent capitalization, we are able to leverage attractive expansion opportunities in a targeted manner and further strengthen our long-term strategic positioning,” Löger stated.
VIG confirmed its outlook for 2026, expecting profit before taxes in the range of EUR 1.25 billion to EUR 1.30 billion, excluding the contribution from Nürnberger.
The Group continued to strengthen its regional footprint during the first months of the year. One of the most important developments was the successful completion of the acquisition of NÜRNBERGER Beteiligungs-AG. VIG also expanded further in Moldova through the acquisition of Moldasig, a move expected to position the Group as the country’s market leader alongside its existing company Donaris.
In Montenegro, VIG is broadening its operations by establishing its own property insurance company. The Group also reported strong momentum in the life insurance business, where Wiener Städtische životno osiguranje maintained a leading market position with around 52% market share. During the first quarter, the company recorded a 27% increase in premiums and a 54% rise in profits.
Regional markets in Extended CEE continued to play a key role in the Group’s growth strategy. According to VIG, the strongest positive contribution to profit growth came from Romania, Hungary, Bulgaria, Serbia and Ukraine.
Insurance service revenue recorded solid increases across all business segments, with double-digit growth reported in the Special Markets segment (+11%) and the Czech Republic (+10%). The Extended CEE segment advanced by 8.5%, supported mainly by Hungary, Romania, Slovakia, the Baltic states, Bulgaria and Ukraine.
Premium growth was particularly strong in the Czech Republic (+8.4%), Poland (+5%) and Extended CEE (+5%), while Austria recorded a 4.5% increase.
The Group’s underwriting profitability also improved, with the net combined ratio declining by 0.5 percentage points to 91.8%. VIG attributed the improvement mainly to developments in North Macedonia, Serbia, Croatia, Ukraine, Bulgaria, Romania and the Baltic states.
VIG maintained a very strong solvency position, with a solvency ratio of 290% at the end of the first quarter, further reinforcing the Group’s financial stability and capacity for future expansion.
Vienna Insurance Group remains the leading insurance group in Central and Eastern Europe, operating through more than 50 insurance companies and pension funds in 30 countries and serving approximately 36 million customers across the region.
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