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Carried premiums increased to EUR 4.65 billion (+8.3 %)
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Insurance income grown to EUR 3.14 billion (+8.1 %)
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Result before taxes increased to EUR 261.1 million (+7.5 %)
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Combined Ratio Netto improved to 92.3 % (-0.4 percentage points)
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Excellent solvency rate of 271 %
„The Vienna Insurance Group (VIG) records a successful business course in the first quarter of 2025 with a further improvement in the most important key figures. We are continuing our growth based on strong capitalization and confirming our ambition to achieve a result before taxes within a range of 950 million to 1 billion euros
“comments Hartwig Löger, General Director and CEO of the Vienna Insurance Group.
Auction in all divisions
The offset premiums were increased by 8.3 % to EUR 4,655 million in the reporting period. There is a premium plus in all sectors. The highest increase rates have the segments special markets (+25.4 %), Poland (+13 %) and extended CEE (+10.3 %) and here primarily the countries of Romania, Baltic States, Slovakia and Hungary.
Insurance yields grown significantly
The insurance contracts issued in insurance have increased by 8.1 % to EUR 3,139 million. Increases can be recorded in all divisions and in the segments special markets (+38 %), expanded CEE (+10.7 %), Poland (+8.2 %), Czech Republic (+7.3 %) and Austria (+6 %).
Increased result before tax
At EUR 261.1 million, the result before tax was increased by 7.5 % compared to the same period last year. The profit plus is mainly due to the segments Poland and extended CEE. In the CEE that expanded, the increase comes primarily from Romania, Bulgaria and Slovakia.
Netto Combined Ratio verbessert
In the first quarter of 2025, the Netto Combined Ratio was improved by 0.4 percentage points to 92.3 %. This is due to a wide range of measures to improve the damage quota and lower loads from natural disasters.
High solvency rate
The group’s solvency rate was 271 % awarded at the end of the first quarter of 2025 (including transitional measures). The group thus has a persistently high capital strength.
Outlook confirmed
Due to the good development in the first quarter of 2025, the management of the Vienna Insurance Group confirms the ambition to achieve a result for 2025 before taxes within a range of 950 million to 1 billion euros.
The segment extended CEE includes the countries: Albania including Kosovo, Baltic States, Bosnia-Herzegovina, Bulgaria, Croatia, Moldova, North Macedonia, Romania, Serbia, Slovakia, Ukraine and Hungary.
The special markets segment includes the countries: Germany, Georgia, Liechtenstein and Türkiye.