Highlights

Vienna Insurance Group remains on course for growth

• Gross written premiums increased by 11% to EUR 4.3 billion
• Generally good business performance

Vienna Insurance Group has been reporting in accordance with the new accounting standards IFRS 17 (Insurance Contracts) and IFRS 9 (Financial Instruments) since 1 January 2023. Gross written premiums are not part of the mandatory IFRS reporting, but will continue to be presented. The gross written premiums for 2024 are based on IFRS 17, the gross written premiums for 2023 on IFRS 4.

Solvency ratio remains at a very high level

• Solvency ratio at the end of the first quarter at 262% (including transitional measures)
• Solvency ratio emphasises VIG's exceptional capital strength and resilience 

Outlook

VIG's management confirms its outlook to achieve profit before taxes within a range of EUR 825 million to EUR 875 million for the 2024 financial year.