Company rating

A+ rating with a positive outlook

On 23 October 2025, the internationally recognised rating agency Standard & Poor's (S&P) affirmed Vienna Insurance Group's financial strength and issuer credit ratings with excellent “A+” rating and raised the outlook from A+ with a stable outlook to A+ with a positive outlook.

Group's diversification and growth are decisive factors in raising the outlook. According to S&P, VIG has made significant progress in recent years in further diversifying its operations through its strong performance in CEE, broadening its earnings base and enhancing its resilience. According to S&P, this positions the Group for continued, sustainable expansion across the CEE region. The planned acquisition of NÜRNBERGER offers further diversification potential.

The S&P Global Ratings Report 2025 dated December 17, 2025 confirms this assessment.

Excerpt from the Report

Source: S&P Global Ratings Report as of 17/12/2025

Market leader in Austria and numerous Central and Eastern European (CEE) markets.
A well-diversified insurance portfolio across regions and segments, complemented by strong distribution capabilities and an exclusive bancassurance agreement with Erste Group Bank AG.
A solid capital buffer at the 99.99% confidence level, as per our risk-based capital model, supported by the group's resilient earnings.

Geopolitical and economic risks and capital market volatility could still lead to some fluctuations in the group's earnings.
Ongoing bolt‑on acquisition strategy and potentially higher‑than‑expected integration costs owing to the NUERNBERGER purchase could pressure capitalization.