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 November 2023.

Excerpt from the rating report

Source: S&P Global Ratings Report of 15/11/2023

  • Market leader in Austria and several Central and Eastern European (CEE) markets.
  • Well-diversified insurance portfolio, enhanced by strong distribution capabilities and an exclusive bancassurance contract with Erste Group Bank AG.
  • A solid capital buffer at the 'AAA' level, as per our risk-based capital model, supported by the group's underwriting discipline.
  • Sound reinsurance protection that limits the group's natural catastrophe losses from diverse perils in Austria and CEE.
  • Increasing economic pressure and rising institutional risks in developing markets, particularly Turkey, Hungary, Romania, and Poland, which have high inflation, tight financial conditions, and lingering risks of recession .
  • Greater regional earnings concentration than higher-rated peers.
  • Relatively high capital sensitivity to market movements, particularly interest rates.

investing in VIG

Our investment story and what else you should know about us.