Vienna Insurance Group has announced that its profit before taxes increased to €531.4 million in H1 2025, representing a 10.5% rise compared to the same period in the previous year, driven in part by a substantially lower overall claims development.
According to VIG, all lines of business recorded growth, with the highest growth rates coming from life insurance without profit participation (+32.7%) and unit- and index-linked life insurance (+26.4%).
Meanwhile, Health insurance (+15.0%) and motor third-party liability insurance (+12.5%) also posted double-digit growth.
Within the segments, VIG explained there were also double-digit premium increases in Special Markets at 19%, with Türkiye (+23.8%) being the main contributor here, in Poland at 15.2%, and in Extended CEE at 10.1%, where Romania (+14.4%) and the Baltic States (10.7%) made the biggest contributions to growth.
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At the same time, premiums increased by 6.7% in the Czech Republic and 5.2% in Austria.
As mentioned, the net combined ratio for H1 2025 improved to 91.9%, down from 93.3% in H1 2024.
VIG stated that this was due to significantly lower costs arising from weather-related claims and natural catastrophes in H1 2025.
Notably, the segments Czech Republic (90.3% and -4.3 percentage points) and Poland (90.6% and -4.2 percentage points) posted particularly positive developments.
Hartwig Löger, CEO of VIG, commented, “In the first half of 2025, we once again succeeded in achieving strong results. The positive development in the first six months, with growth in premiums and profit, underscores that we are ideally positioned in Central and Eastern Europe.
“Our excellent capitalisation allows us to take advantage of attractive growth opportunities in our markets.”
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