VIG boosts first-quarter profit in 2026

The Vienna Insurance Group (VIG) has announced a strong start to 2026, with its pre-tax profit surging by 18.8% in the first quarter to 310.3 million euros. This significant increase in earnings was accompanied by a 4.4% rise in gross written premiums, which reached 4.86 billion euros, according to the publicly traded insurer's statement.

The group's positive performance was particularly driven by its markets in Central and Eastern Europe. The Czech Republic saw the highest premium growth at 8.4%, followed by Poland at 5.0%, and the broader CEE segment, including Hungary, Slovakia, and Bulgaria, also at 5.0%. Austria also contributed positively with a 4.5% increase in premiums.

VIG also reported an improvement in its net combined ratio, a key measure of profitability for insurers, which decreased by 0.5 percentage points to 91.8%. The company's solvency ratio stood at a robust 290% at the end of the first quarter, underscoring its "sustained high capital strength."

Looking ahead, VIG has reaffirmed its full-year outlook, projecting a pre-tax profit between 1.25 and 1.3 billion euros, excluding the impact of the recently acquired Nürnberger Versicherung. The company also highlighted strategic expansions, including the completion of its acquisition of Nürnberger Versicherung, giving it 99.2% of voting rights, and strengthening its position in Moldova with the purchase of Moldasig. VIG is also expanding its presence in Montenegro by establishing a dedicated property insurance company.

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On the basis of our excellent capital strength, we are able to selectively utilize attractive expansion opportunities and further expand our long-term strategic positioning.