Vienna Insurance Group achieves record growth in the first quarter of 2025

Vienna Insurance Group achieves record growth in the first quarter of 2025

The Vienna Insurance Group (VIG) was able to grow strongly in the first quarter of 2025. As explained in more detail in a current press release, Increased 8.3 % compared to the previous year. Insurance income also rose to EUR 3.14 billion, which resulted in an improvement by 8.1 %. The result before tax was 261.1 million euros, which corresponds to an increase of 7.5 %.

The development of the net combined ratio, which improved to 92.3 %, while the solvency rate is stable at 271 %, is also gratifying. Management of the VIG confirmed the targets for 2025, which have a result before tax between 950 million and 1 billion Provide euros.

premium and earnings development

The premium increases in different segments are significant. Particularly noteworthy are the highest increase rates in the special markets with +25.4 % and in Poland with +13 %. The extended CEE region, which includes several countries in Central and Eastern Europe, also showed an increase of 10.3 %. The insurance income grew in all segments, with the largest growth in the special markets (+38 %) and the expanded CEE (+10.7 %).

The positive development was particularly characterized by the segments Poland and expanded CEE, with the strongest growth in Romania, Bulgaria and Slovakia. These successes are in accordance with the growth forecasts that predict a clear plus for the offset premiums for 11.5 billion euros for 2024, which corresponds to an increase of 8 %

market developments and challenges

The German insurance market has also undergone significant developments. In 2023, premium income of over 226 billion euros was recorded, which corresponds to an increase of around 1.5 % compared to the previous year. In private health insurance in particular, an increase of 2.8 % was achieved from EUR 48.4 billion, while the composite insurance recorded a record increase from 7.4 % to 85.5 billion euros.

The mergers, due to the need for modernization of the IT infrastructure, show how dynamic the market is. These changes were particularly affected by the large insurance companies, which together hold over 44 % of the market share. Despite stable market participants, there were significant changes in business development as well as the number of providers.

The Vienna Insurance Group has not only strengthened its influence in the Central and Eastern European market with its strong performance, but also shows that it is well prepared for the challenges of the current market. The management is optimistic that the upcoming quarters will also be shaped by solid growth.