VIG Re, the reinsurance arm of Vienna Insurance Group, announced solid full-year results for 2025, with pre-tax profit increasing 17.8% year-on-year to €49 million, reflecting rigorous underwriting, effective risk management and solid investment performance.
The reinsurer’s gross written premiums increased by 1.3% to €995.6 million in FY25, while return on equity came to 10.2%.
VIG Re’s net combined ratio will improve to 85.7% by 2025, driven by portfolio growth, a resilient business mix and below-average natural catastrophe activity in Europe.
The company said its assumed risk business remained a core pillar of its full-year operations, accounting for more than three-quarters of premium income. In 2025, 63% of the assumed risk premium comes from third-party operations, while 37% is attributed to VIG Group companies.
The reinsurer said it had achieved all key financial targets by 2025 while further strengthening its market position in Europe and Asia.
With strong results in 2025, VIG Re enters a new strategic phase with its new three-year strategy VIGRe28.
Tobias Sonndorfer, Chairman and Chief Executive Officer (CEO) of VIG Re, commented: “2025 has been a strong year for VIG Re and our results clearly reflect the trust our clients have in our partner-driven approach. Being ranked among the top 30 global P&C reinsurance brands further confirms the strength of these relationships. With VIGRe28 With our launch, we are building a solid foundation: strengthening our core, scaling with purpose, and accelerating impact through data, technology and technology.
Peter Höfinger, Deputy CEO of Vienna Insurance Group and Chairman of the Supervisory Board of VIG Re, added: “VIG Re has delivered an exceptionally profitable year, characterized by strong financial results, disciplined execution and continued value creation. The company continues to move forward in line with its long-term goals of strategic continuity and a clear sense of direction.”
Wolfgang Hajek, Chief Financial Officer and Member of the Management Board, said: “Our 2025 results reflect disciplined execution in underwriting, capital management and investments. Strong profitability, solid solvency and a resilient balance sheet allow us to fund our growth priorities under VIGRe28, deploy capital selectively and sustain long-term value creation in an unstable risk environment.”
