Vienna Insurance Group Wiener Versicherung Gruppe AG

PSE:VIG

Strong results: VIG reported gross written premiums above EUR 9 billion, up 5.4%, while profit reached EUR 640 million, up around 20% year over year.

Improved underwriting: The net combined ratio improved to 91.4%, despite slightly higher natural-catastrophe claims; Poland’s ratio rose because management prudently strengthened technical reserves.

Broad growth: Insurance service revenue increased 7.1% to EUR 6.8 billion, supported by strong growth across CEE markets and all major business lines.

NÜRNBERGER: VIG closed the acquisition with 99.2% ownership and has started integration, with a major focus on IT transformation. The transaction reduced the reported solvency ratio to 272% from 296% at year-end 2025.

Guidance confirmed: VIG maintained its 2026 profit-before-tax target of EUR 1.25 billion to EUR 1.3 billion, excluding NÜRNBERGER.

Hungary: Growth benefited from foreign-exchange effects and a more positive economic environment, while sector taxes remained EUR 24 million in the first half; future tax changes remain uncertain.