Vienna Insurance Group (VIG) has disclosed Q1 2026 profit before taxes of €310.3 million, a significant 18.8% increase over the same period of 2025, driven by the firm’s Special Markets, Poland, Extended CEE and Austria segments.
Meanwhile, VIG reported that gross written premiums expanded by 4.4% year on year to €4.857 billion in Q1 2026, with the strongest growth recorded in the Czech Republic (+8.4%), followed by Austria (+4.5%), and both Poland and the Extended CEE segment (+5.0% each).
Within Extended CEE, growth was driven in particular by Hungary, Slovakia and Bulgaria.
The firm’s net combined ratio improved by 0.5 percentage points to 91.8% in Q1 2026.
“This positive trend can be attributed chiefly to Extended CEE, and within that segment, mainly to North Macedonia, Serbia, Croatia, Ukraine, Bulgaria, Romania and the Baltic states,” VIG explained.
The firm’s insurance service revenue was also up in Q1 2026, expanding 9.1% to €3.425 million, with all segments and business lines recording growth.
The segments Special Markets (+11.0%) and Czech Republic (+10.0%) posted double-digit growth, while Extended CEE (+8.5%), Poland (+7.7%) and Austria (+4.5%) saw single-digit growth rates.
The increase in Extended CEE was reportedly primarily driven by Hungary, Romania, Slovakia, the Baltic states, Bulgaria and Ukraine.
Hartwig Löger, CEO of VIG, concluded, “Thanks to our excellent capitalisation, we are able to leverage attractive expansion opportunities in a targeted manner and further strengthen our long-term strategic positioning.
“The very encouraging business development in the first quarter of 2026 means that we can confirm our outlook of achieving profit before taxes in the range of 1.25 to 1.30 billion euro (excluding Nürnberger) for 2026.”
