Company rating

The internationally recognised rating agency Standard & Poor's confirmed the A+ rating with stable outlook for Vienna Insurance Group AG Wiener Versicherung Gruppe on 15 July 2024.

Excerpt from the Research Update

Source: S&P Global Research Update of 15/07/2024

Market leader in Austria and several Central and Eastern European (CEE) markets.
A well-diversified insurance portfolio, enhanced by strong distribution capabilities and an exclusive bancassurance contract with Erste Group Bank AG.
Solid capital buffers at the 99.99% confidence level, as per our risk-based capital model, supported by the group's underwriting discipline.
Solid reinsurance protection that limits the group's natural catastrophe losses.

Operating environment and economic conditions, including elevated inflation in larger emerging markets in the EMEA, namely Hungary, Poland, Romania, and Turkey, remains challenging.
Greater regional earnings concentration than higher-rated peers.
Relatively high capital sensitivity to market movements, particularly interest rates.