Vienna Insurance Group remains on track for success in first quarter of 2026
IR
Published
28/05/2026
Tags
Results
Profit before taxes rose to EUR 310.3 million (+18.8%)
Insurance service revenue grew to EUR 3.42 billion (+9.1%)
Gross written premiums increased to EUR 4.86 billion (+4.4%)
Net combined ratio improved to 91.8% (-0.5 percentage points)
Excellent solvency ratio of 290%
Vienna Insurance Group (VIG) is consistently continuing to build on its success. This is reflected not only in the latest financial results but also in major strategic transactions such as the acquisition of NÜRNBERGER Beteiligungs-AG, which was recently successfully completed. Moreover, with the acquisition of Moldasig this year, VIG is strengthening its position in Moldova and, alongside its existing company Donaris, is set to become the country’s market leader. VIG is also expanding its presence in Montenegro by establishing its own property insurance company. In the life insurance business, the Group is already the clear market leader through Wiener Städtische životno osiguranje, with a market share of around 52%; the first quarter of 2026 saw premiums rise by 27% and profits by 54%.
Thanks to our excellent capitalisation, we are able to leverage attractive expansion opportunities in a targeted manner and further strengthen our long-term strategic positioning. The very encouraging business development in the first quarter of 2026 means that we can confirm our outlook of achieving profit before taxes in the range of 1.25 to 1.30 billion euro (excluding Nürnberger) for 2026.
Hartwig LögerCEO of Vienna Insurance Group
Increase in profit before taxes Profit before taxes reached EUR 310.3 million, a significant 18.8% increase, thanks to the segments Special Markets, Poland, Extended CEE and Austria. The positive trend in pre-tax profit in Extended CEE is attributable primarily to Romania, Hungary, Bulgaria, Serbia and Ukraine.
Insurance service revenue grew considerably Insurance service revenue increased by 9.1% to EUR 3,425 million, with all segments and business lines recording growth. The segments Special Markets (+11.0%) and Czech Republic (+10.0%) posted double-digit growth, while Extended CEE (+8.5%), Poland (+7.7%) and Austria (+4.5%) saw single-digit growth rates. The increase in Extended CEE was primarily driven by Hungary, Romania, Slovakia, the Baltic states, Bulgaria and Ukraine.
Strong premium growth Gross written premiums increased by 4.4% year on year to EUR 4,857 million in the first quarter of 2026. The strongest growth was seen in the Czech Republic (+8.4%), Poland (+5.0%), Extended CEE (+5.0%) – here driven in particular by Hungary, Slovakia and Bulgaria – and Austria (+4.5%).
Net combined ratio improved The net combined ratio improved by 0.5 percentage points to 91.8% in the first quarter of 2026. This positive trend can be attributed chiefly to Extended CEE, and within that segment, mainly to North Macedonia, Serbia, Croatia, Ukraine, Bulgaria, Romania and the Baltic states.
High solvency ratio The Group’s solvency ratio at the end of the first quarter of 2026 was an impressive 290% (including transitional measures). This figure further consolidates the Group’s strong capitalisation.
Outlook confirmed On the basis of the strong performance in the first quarter of 2026, the Vienna Insurance Group management team confirms that it expects to achieve profit before taxes of between EUR 1.25 billion and EUR 1.30 billion (excluding Nürnberger) for 2026.
The Extended CEE segment includes the following countries: Albania, including Kosovo, the Baltic states, Bosnia-Herzegovina, Bulgaria, Croatia, Hungary, Moldova, North Macedonia, Romania, Serbia, Slovakia and Ukraine. The Special Markets segment includes the following countries: Germany, Georgia, Liechtenstein and Türkiye.
