Vienna Insurance Group (VIG) reported a solid financial position for the full year 2025, with pre-tax results increasing by 31.7% to €1.16 billion, compared with €881.8 million for the full year 2024.
The insurer’s “strong” growth in FY25 was driven by a 7.1% rise in gross written premiums (GWP) to €16.3 billion, as well as the aforementioned positive pre-tax results.
Meanwhile, insurance services revenue increased by 8.7% in FY25 to a record €13.2 billion, compared with €12.1 billion in FY24.
VIG’s net combined ratio for FY25 was 90.1%, an increase of 3.3 percentage points from 93.4% in the previous year. The company’s net claims ratio fell to 59.7% from 62.7%, while its net cost ratio fell to 30.4% from 30.6%.
In addition, due to its strong capital strength, the group’s solvency adequacy ratio in 2025 is 296%.
Hartwig Löger, CEO and Chairman of the Board of Directors of VIG, commented: “This excellent result is due to growth and profitability in all countries and reflects the impressive resilience of our group.
“Based on this, we recommend increasing the dividend to 1.73 euros per share and we target a pre-tax profit in 2026 of between 125 and 1.3 billion euros.”
Additionally, this year, VIG significantly expanded its business with the acquisition of NÜRNBERGER Beteiligungs-AG, the largest transaction in the company’s history.
The acquisition will further diversify and solidify the insurer’s long-term strategy for profitable growth in Central and Eastern Europe.
Löger added: “The group has achieved continued success and created strong growth momentum, most notably with the planned acquisition of Nuremberg.”
In addition, in 2025, the life insurance company Vienna Life was established in Albania and it was decided to establish a property insurance company in Montenegro.
VIG expanded its operations in Moldova through the acquisition of Moldasig and its existing company Donaris. In the Polish market, VIG acquired a stake in Phinance, one of Poland’s largest financial brokers, through local company Vienna Life.
In Ukraine, VIG will further build on its growth and strong position through planned investments in two Ukrainian companies, USG and Kniazha, by the International Finance Corporation (IFC), a subsidiary of the World Bank.
