Highlights

Vienna Insurance Group’s strong growth continued in first half of 2024

• Gross written premiums increased to EUR 7.9 billion (+7.9%)
• Insurance service revenue grew to EUR 5.9 billion (+10.0%)
• Profit before taxes risen to EUR 481.0 million (+3.9%)
• Net combined ratio improved to 93.3% (-0.7 percentage points)
• Contractual Service Margin (CSM) at stable level
• Excellent solvency ratio of 265%

Outlook

Vienna Insurance Group has been able to manage the impact of the challenging geopolitical and macroeconomic environment very well so far and continues to focus on the success factors of continuity, stability, and diversity. VIG’s management confirms the positive outlook for the 2024 financial year despite the volatile environment and, on the basis of the excellent developments seen during the first half of the year, expects profits before taxes at the upper end of the planned range of EUR 825 million to EUR 875 million.