Top rating for Vienna Insurance Group confirmed by Standard & Poor's

Standard & Poor's attests to Vienna Insurance Group's solid earnings development and robust capitalisation, even after the completion of the acquisition of the Eastern European business of the Dutch Aegon Group. According to S&P, the Group's capitalisation remained comfortably above the "AAA" level at year-end 2022 due to strong business growth, the consolidation of the Aegon companies in Hungary and Türkiye, and the rise in interest rates in Europe. As a result, the rating agency confirms "A+" for VIG. 

S&P expects the continued strong underwriting and operating results to support the potential for further organic premium growth as well as continued regular dividend payments and to help offset the currently weaker economic environment. According to S&P, the Group's capital adequacy will be at least in the 'AA' range in Standard & Poor's risk-based capital model from 2023-2025. 

The stable outlook reflects VIG's leading market positions in Austria and CEE. S&P expects earnings to continue to support at least a very strong capital adequacy. This applies regardless of the weaker economic conditions expected in 2023, growth requirements and dividend payments over the next two-to-three years.