Vienna Insurance Group (VIG) has reported solid financials for the full year of 2025, as result before taxes grew by 31.7% to €1.16 billion, compared to €881.8 million for the full year of 2024.
The insurer’s “strong” growth for FY’25 was driven by an expansion in gross written premiums (GWP) of 7.1% to €16.3 billion, and the aforementioned positive result before taxes.
At the same time, FY’25 insurance service revenue rose by 8.7% to a record high of €13.2 billion, compared to €12.1 billion in FY’24.
VIG’s net combined ratio for FY’25 was 90.1%, an improvement of 3.3 percentage points from the previous year’s 93.4%. The company’s net claims ratio fell to 59.7% from 62.7%, while the net cost ratio fell to 30.4% from 30.6%.
Additionally, the Group’s solvency ratio for 2025 was 296%, due to very strong capitalisation.
Hartwig Löger, Chief Executive Officer and Chairman of the Managing Board, VIG, commented, “The exceptional result is due to the growth and profitability across all countries and illustrates the impressive resilience of our Group.
“Based on this, we are proposing a dividend increase to €1.73 per share, and we aim to achieve profit before taxes for 2026 within a range of between €1.25 and €1.3 billion.”
Additionally, this year, VIG significantly expanded its operations with the acquisition of NÜRNBERGER Beteiligungs-AG, which was the largest transaction in the company’s history.
The acquisition is set to bring further diversification and underpin the insurer’s long-term strategy for profitable growth in CEE.
Löger added, “The Group has achieved consistent success and created strong growth momentum, most notably with the planned takeover of Nürnberger.”
Furthermore, in 2025, the life insurance company Vienna Life was established in Albania, and a decision was made to establish a property insurance company in Montenegro.
VIG has expanded its operations in Moldova with the acquisition of Moldasig and its existing company Donaris. In the Polish market, VIG has acquired a stake in Phinance, one of the largest financial brokers in Poland, via the local company Vienna Life.
In Ukraine, VIG will further consolidate its growth and strong position through the planned investment by World Bank subsidiary International Finance Corporation (IFC) in the two Ukrainian companies USG and Kniazha.
