Vienna Insurance Group Reports Strong Q1 2025 with 8.3% GWP Growth
The Vienna Insurance Group (VIG) has started 2025 on a solid footing, reporting an 8.3% increase in gross written premiums (GWP) to €4.65 billion for the first quarter. This growth stems from consistent performance across all major business segments, regional diversification, and sound operational execution.
Vienna Insurance Group Sees Premium Boost from Special Markets and Poland
The most notable surge in premium income was seen in the Special Markets segment, which rose by 25.4%. Poland followed with a 13% gain, and the Extended Central and Eastern Europe (CEE) segment reported 10.3% growth. Within the Extended CEE region, Romania, Slovakia, Hungary, and the Baltic states led the momentum.
In addition, total insurance service revenue increased by 8.1% year-on-year to €3.14 billion, reinforcing the Group’s upward trajectory.
Vienna Insurance Group Strengthens Profitability Through Regional Gains
The Group’s pre-tax profit climbed 7.5% to reach €261.1 million, mainly driven by strong contributions from the Extended CEE and Polish operations.
VIG also achieved an improved net combined ratio of 92.3%, down 0.4 percentage points from the prior year. This was largely due to better claims management and a lower impact from natural catastrophes, contributing to improved underwriting efficiency.
Vienna Insurance Group Maintains Strong Capital Position
As of the end of Q1 2025, Vienna Insurance Group’s solvency ratio stood at 271%, well above regulatory requirements (on a transitional basis). This strong capital position reflects the company’s prudent underwriting, robust risk management, and sustainable reinvestment strategies.
Vienna Insurance Group Reaffirms 2025 Profit Outlook
Hartwig Löger, CEO of Vienna Insurance Group, praised the company’s performance:
“VIG again delivered a good quarter with continued consolidated progress in all key financial indicators. Our solid capitalization enables us to grow while financially staying strong. We are well on our way to achieving our target corridor of profit before tax of €950 million to €1 billion in 2025.”
Based on its strong Q1 performance, VIG has reaffirmed its full-year profit-before-tax guidance, maintaining its ambitious yet carefully set target range of €950 million to €1 billion.
