Vienna Insurance Group (VIG) reported strong financial results for the first half of 2025. The company is now predicting its full-year profit will hit the top end of its forecast.
Profit before taxes rose to 531.4 million euros. This is an increase of 10.5% compared to the same period last year. The company credited lower claims costs for part of this growth.
“The strong first-half results show we are in an ideal position in Central and Eastern Europe,” said Hartwig Löger, CEO of Vienna Insurance Group. “Our excellent capital allows us to seize attractive growth opportunities.”
Key Performance Indicators Show Widespread Growth
The company saw significant increases across its main business areas:
- Gross written premiums grew by 8.7% to 8.6 billion euros.
- Insurance service revenue increased by 8.1% to 6.4 billion euros.
- All lines of business grew. Life insurance and health insurance were among the top performers. The regions of Poland, Türkiye, and Romania also posted very strong double-digit premium growth.
Improved Profitability and Strong Financial Health
The company’s profitability improved markedly. A key measure of an insurer’s underwriting efficiency, the net combined ratio, improved to 91.9%. A ratio below 100% indicates a profitable operation.
This improvement was helped by fewer weather-related and natural catastrophe claims compared to 2024.
The Group’s solvency ratio remains excellent at 278%. This indicates a very high level of financial stability and strength.
Confident Outlook for 2025
Based on these strong first-half results, VIG’s management is confident. They expect profit before taxes for the full 2025 financial year to be at the upper end of their projected range of 950 million to 1 billion euros.
About Vienna Insurance Group (VIG)
Vienna Insurance Group is the leading insurer in Central and Eastern Europe. It operates with over 50 companies in 30 countries. The group serves approximately 33 million customers and has about 30,000 employees. It holds an A+ rating with a stable outlook from Standard & Poor’s.
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