Vienna Insurance Group (VIG) reported pre-tax profit of 310.3 million euros in the first quarter of 2026, a significant increase of 18.8% compared to the same period in 2025, mainly driven by the company’s Special Markets, Poland, Central and Eastern Europe Extended Region and Austria divisions.
Meanwhile, VIG reported that total premiums increased by 4.4% year-on-year in the first quarter of 2026 to €4.857 billion, with the strongest growth in the Czech Republic (+8.4%), followed by Austria (+4.5%), and Poland and the Central and Eastern European extended region (+5.0% each).
In the extended Central and Eastern Europe region, growth was particularly driven by Hungary, Slovakia and Bulgaria.
In the first quarter of 2026, the company’s net combined ratio improved by 0.5 percentage points to 91.8%.
“This positive trend is mainly due to the extended region of Central and Eastern Europe, where it is mainly due to North Macedonia, Serbia, Croatia, Ukraine, Bulgaria, Romania and the Baltic States,” VIG explained.
The company’s insurance services revenue also increased in the first quarter of 2026, rising 9.1% to 3.425 million euros, with all divisions and business lines recording growth.
Special markets (+11.0%) and the Czech Republic (+10.0%) achieved double-digit growth, while the Central and Eastern European Extended Region (+8.5%), Poland (+7.7%) and Austria (+4.5%) achieved single-digit growth.
Growth in expanded Central and Eastern Europe was reported to be driven primarily by Hungary, Romania, Slovakia, the Baltic States, Bulgaria and Ukraine.
Hartwig Löger, CEO of VIG, concludes: “With our excellent capital strength, we are able to take advantage of attractive expansion opportunities in a targeted manner and further strengthen our long-term strategic positioning.
“Very encouraging business developments in the first quarter of 2026 mean that we can confirm the outlook for profit before tax in 2026 of between €1.25 and €1.3 billion (excluding Nuremberg).”
