VIG Re, the reinsurance arm of Vienna Insurance Group, has reported solid results for the full year of 2025, with a 17.8% year-on-year increase in profit before tax to €49 million, reflecting disciplined underwriting, effective risk management, and solid investment performance.
The reinsurer’s FY’25 gross written premiums were up by 1.3% to €995.6 million, while return on equity hit 10.2%.
VIG Re recorded an improved net combined ratio of 85.7% in 2025, driven by portfolio growth, a resilient business mix, and below-average natural catastrophe activity in Europe.
According to the firm, the Assumed Risk business remained its core pillar in operations during the year, accounting for over three-quarters of premium income. In 2025, 63% of Assumed Risk premium originated from third-party business, while 37% was attributable to VIG Group companies.
The reinsurer states that it met all key financial targets while further strengthening its market position in Europe and Asia in 2025.
With these strong 2025 results, VIG Re enters a new strategic phase with VIGRe28, its new three-year strategy.
Tobias Sonndorfer, Chairman and Chief Executive Officer (CEO), VIG Re, commented, “2025 was a year of momentum for VIG Re, and our results clearly reflect the trust our clients place in our partnership-driven approach. Being recognised among the Top 30 global P&C reinsurance brands further confirms the strength of these relationships. With VIGRe28 now launched, we are building on a solid foundation: strengthening our core, expanding with intent, and accelerating impact through data, technology, and people.”
Peter Höfinger, Deputy CEO, Vienna Insurance Group and the Chairman of the Supervisory Board of VIG Re, added, “VIG Re achieved an exceptionally profitable year, marked by strong financial performance, disciplined execution, and sustained value creation. The company continues to progress consistently with its long-term ambitions framed in strategic continuity, and a clear sense of direction.”
Wolfgang Hajek, Chief Financial Officer and Member of the Board of Management, said, “Our 2025 results reflect disciplined execution across underwriting, capital management, and investments. Strong profitability, a robust solvency position, and a resilient balance sheet enable us to fund growth priorities under VIGRe28, deploy capital selectively, and sustain long-term value creation in a volatile risk environment.”
