Vienna Insurance Group, a multinational insurance company operating in Central and Eastern Europe, has set out its goals for the next three years as it launches its new strategic plan “evolve28”.
The company has set detailed quantitative targets aimed at strengthening its regional leadership, growing premiums and profits and supporting the business priorities in each country.
VIG’s revised full-year outlook for 2025 lays the foundation for the new plan. The company announced pre-tax group results of 873 million euros in the first nine months of this year, an increase of more than 30% compared with the same period last year.
This performance allows VIG to increase its expected pre-tax profit in 2025 to 1.1 billion to 1.15 billion euros. The company said the figures support financial expectations for 2028, which exclude the planned acquisition of NÜRNBERGER Beteiligungs-AG.
The 2028 targets announced by VIG include total premiums of at least 20 billion euros, pre-tax profits of at least 1.5 billion euros, a maximum net combined ratio of 91%, an operating return on equity of at least 17%, and a solvency ratio between 150% and 200%.
Commenting on the key performance indicators, Hartwig Löger, CEO of Vienna Insurance Group, said: “Our planning outlines very clearly the growth trajectory we will pursue over the next three years, which will be further enhanced once regulatory approval for the Nuremberg acquisition is obtained. We are driving the expansion of our market leadership and plan to significantly increase our premiums and profits, while maintaining our local entrepreneurial principles.”
“We chose evolve28 as the name of our strategy because it represents a strategic approach focused on continuous development rather than changing everything immediately. We build on proven success factors and are flexible and resilient in adapting our business model to dynamic environments.”
VIG stressed that its structure differs from many global groups in that it is positioned not as a highly centralized organization but one based on local company autonomy.
The evolve28 program aims to strengthen this model by providing a framework rather than a prescriptive strategy, allowing each business within the group to maintain its own direction while aligning with group-level priorities. VIG proposed four elements in the plan: values and principles, country portfolios and corporate strategies, group plans and CO³, an initiative aimed at strengthening cross-market communication and cooperation.
Values and principles define how VIG presents itself and form the basis for strategic collaboration. The Group has identified five values: “Diversity”, “Entrepreneurship”, “Responsibility”, “Excellence” and “Passion”. The principles outline how these values guide coordination between the holding company and local operators, reflecting aspects such as VIG’s multi-brand approach, emphasis on national entrepreneurship and the distinction between core and niche markets.
Local strategy remains at the heart of evolution28, with each company using detailed market and trend analysis to develop its plans. These strategies are then brought together at the holding level to develop a common direction. VIG plans to begin structured knowledge sharing next year to address recurring themes in its local strategy, including expanding its customer base, strengthening distribution, expanding product range, improving operational processes and continuing to focus on its people and culture.
Group planning forms another element of the framework. These plans are coordinated by the holding company with the support of local subsidiaries and target important target areas for the coming years. Each project is overseen by a member of the VIG Management Committee. The five projects cover sustainable development, capital management, banking cooperation, artificial intelligence and health.
The CO³ element is designed to deepen internal communication and promote cohesion within the organization. It stands for Communication, Collaboration and Cooperation and aims to increase efficiency and increase transparency by combining existing and newly introduced face-to-face formats and expanding the use of digital tools. VIG expects that sharing best practices in a more structured manner will create meaningful synergies.
VIG also reiterated its dividend policy, saying it aims to provide at least the same dividend per share as the previous year and will seek to increase the dividend over time based on operating performance.