VIG posts 8.3% rise in GWP to €4.65bn in Q1’25

Vienna Insurance Group (VIG) has reported an 8.3% increase in gross written premiums (GWP) to EUR 4.65 billion for the first quarter of 2025, driven by growth across all lines of business.

The highest premium growth rates were seen in the Special Markets (+25.4%), Poland (+13%), and Extended CEE (+10.3%) segments, withRomania, the Baltic states, Slovakia, and Hungary contributing most to this growth.

Insurance service revenue rose 8.1% year over year to EUR 3.14 billion in Q1’25.

Profit before taxes increased by 7.5% to EUR 261.1 million, mainly driven by the Poland and Extended CEE segments.

VIG’s net combined ratio improved by 0.4 percentage points to 92.3%, reflecting various measures to improve the claims ratio and a lower impact from natural catastrophes.

The Group’s solvency ratio stood at 271% at the end of Q1 (including transitional measures).

Hartwig Löger, CEO of VIG, said, “Vienna Insurance Group (VIG) achieved a successful business performance in the first quarter of 2025, with further improvements in key figures. We are thus continuing to deliver growth based on strong capitalisation and are reaffirming our ambition of achieving profit before taxes within a range of EUR 950 million and EUR 1 billion for 2025.”

Building on its strong Q1 performance, the management team confirmed its profit-before-tax target of EUR 950 million to EUR 1 billion for the financial year 2025.