VIG achieved an outstanding Group result in 2025, once again driven by strong growth and high levels of profitability in all countries. The planned NÜRNBERGER acquisition will drive further profit growth for VIG and enhance our strong diversification.
Hartwig LögerCEO
VIG delivering dynamic growth
Strong growth in premiums and insurance service revenue, attributable to all segments and lines of business: Gross written premiums of EUR 16.3 billion (+7.1%) Insurance service revenue of EUR 13.2 billion (+8.7%)
Pre-tax profit has exceeded the one-billion-euro threshold for the first time: Profit before taxes of EUR 1,161.3 million (+31.7%)
Both the cost ratio and the claims ratio improved: Net combined ratio of 90.1% (-3.3 percentage points)
The Group remains very well capitalised: Solvency ratio of 296%
Dividend proposal of EUR 1.73 per share (+11.6%)
1The information for the 2025 financial year is based on preliminary data.
Against the backdrop of a high level of resilience and diversification within our Group, VIG’s management aims to achieve profit before taxes for the 2026 financial year within a range of between EUR 1.25 and 1.30 billion without taking into account the planned NÜRNBERGER acquisition.
The bar chart shows insurance service revenue by segment for the full year 2024 (12M 2024) and the full year 2025 (12M 2025). Growth is evident across all segments.
Austria rises from EUR 3,543.2 million to EUR 3,747.7 million.
The Czech Republic from EUR 2,078.2 million to EUR 2,278.7 million.
Poland from EUR 1,373.3 million to EUR 1,471.8 million.
Extended CEE from EUR 3,599.5 million to EUR 3,908.0 million.
Special markets from EUR 924.2 million to EUR 1,170.1 million.
Overall, the chart shows strong growth across all segments.
Insurance Service Revenue of EUR 13.2 billion up by 8.7%
Insurance service revenue by line of business (in EUR mn); incl. Group Functions
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The stacked bar chart shows technical income by line of business for the 12 months to 2024 and the 12 months to 2025 in millions of euros, including group functions. Total income rose by 8.7% from EUR 12,138.5 million to EUR 13,196.0 million.
The largest line of business is Other property, with an increase from EUR 6,303.3 million to EUR 6,594.3 million.
Motor third-party liability rises from EUR 2,321.8 million to EUR 2,564.2 million.
Motor own damage rises from EUR 1,988.2 million to EUR 2,134.2 million.
Health rises from EUR 919.8 million to EUR 1,062.7 million.
Life insurance with profit participation rises from EUR 882.6 million to EUR 928.0 million.
Life insurance without profit participation rises from EUR 761.3 million to EUR 938.5 million.
Unit-linked/index-linked life insurance falls from EUR 122.3 million to EUR 120.7 million.
Consolidation changes slightly from EUR -1,160.8 million to EUR -1,146.8 million.
Overall, the chart shows a significant increase in underwriting income, driven primarily by other property insurance, motor third-party liability and motor own damage.
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Insurance Service Revenue of EUR 13.2 billion up by 8.7%
Insurance service revenue by line of business (in EUR mn); incl. Group Functions
Result before taxes grew by 31.7% to EUR 1.16 billion
Result before taxes (in EUR mn)
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The bar chart shows results before tax by segment for the full year 2024 (12M 2024) and the full year 2025 (12M 2025). Total profit rises by 31.7% to EUR 1.16 billion.
Austria increases from EUR 336.1 million to EUR 434.5 million.
Czech Republic from EUR 211.1 million to EUR 285.6 million.
Poland from EUR 65.1 million to EUR 105.7 million.
Extended CEE from EUR 159.7 million to EUR 236.4 million.
Special markets from EUR 88.6 million to EUR 126.9 million.
All segments are contributing to significant earnings growth.
Investment split
Split refers to the investments held at VIG’s own risk (excl. investments for unit- and index linked life insurance)
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The pie chart shows the percentage breakdown of investments held at own risk as at 31 December 2025. The total investment volume amounts to EUR 38.0 billion.
Bonds account for the largest share, at 74.6%.
Property accounts for 9.6%.
Cash and deposits account for 8.3%.
Loans account for 2.0%.
Equities account for 3.4%.
Affiliated companies account for 1.4%.
Alternative investments account for 0.7%.
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