Growth rocket: VIG defies crises and exceeds all expectations!

Growth rocket: VIG defies crises and exceeds all expectations!

Laimgrubengasse 10, 1060 Wien, Österreich - The Vienna Insurance Group (VIG) drew attention to itself with impressive preliminary results for 2024. At 15.2 billion euros, the premium volume exceeded the previous year by 10 %. The result before tax rose by 14 % to 881.8 million euros. Hartwig Löger, the CEO of the VIG, was pleased with the strong market positioning in the CEE region and announced that due to the excellent corporate development, he wanted to propose a dividend increase to EUR 1.55 per share, as already ots.at

The hurricane Boris led to damage of 617 million euros, especially in Austria, the Czech Republic and Poland. Despite this enormous challenge, the economic influence through the diversification of the VIG and a conservative reinsurance strategy according to Peter Höfinger, deputy chairman of the board, was well mastered. Premium growth in the segments is particularly evident in the CEE (+10.5 %) and special markets (+59.4 %), whereby countries such as Romania and Turkey stand out, according to the Vig. In the segment extended CEE, the group with 50 companies in 30 countries shows a remarkable market presence, which the VIG according to geshaeftsbericht.vig helps to master the challenges better.

growth forecasts and positive views

for 2025, VIG expects a continued positive development and plans to achieve a result before tax between 950 million and one billion euros. Liane Hirner, the financial and risk officer, sees the conditions particularly favorable due to the high growth in the CEE region, which is more than twice as high as the forecasts for the euro zone. More and more market shares are ensured by the close cooperation with regional societies and strategic partnerships, such as those with Erste Bank. This dynamic ensures that the VIG is also well positioned in volatile markets and that the trust of its customers continues to win.