Vienna Insurance 1H pretax profit EUR531.4m

Vienna Insurance 1H pretax profit EUR531.4m

Vienna Insurance Group (VIG) has released its financial results for the first half of 2025, showcasing robust growth and enhanced profitability. The company's pretax profit for the period reached EUR 531.4 million, representing a significant 10.5% increase over the previous year [2].

The group's net combined ratio improved to 91.9%, a notable 1.4 percentage points reduction from the same period last year, primarily driven by lower costs from weather-related claims and natural catastrophes [2]. This improvement underscores the company's effective risk management and cost control strategies.

VIG's gross written premiums surged to EUR 8.569.5 million, marking an 8.7% increase compared to the previous year. This growth was evident across all lines of business, with life insurance without profit participation and unit- and index-linked life insurance leading the way with respective growth rates of 32.7% and 26.4% [2]. The company's insurance service revenue also grew to EUR 6.396.9 million, representing an 8.1% increase, primarily driven by growth in property and casualty insurance in the Extended CEE and Special Markets segments [2].

The annualised operating return on equity (ROE) increased from 16.4% at the end of 2024 to 18.9% in the first half of 2025, reflecting the company's strong financial performance and efficient use of capital [2].

The company's solvency ratio remains at a very high level, standing at 278% as of 30 June 2025, indicating its strong capitalisation and financial stability [2]. The total investment portfolio also increased to EUR 45.6 billion, up 2.3% from the end of 2024, primarily due to higher investments in the bond portfolio and increases in the value of investment funds [2].

Looking ahead, VIG's management expects profit before taxes at the upper end of the EUR 950 million to 1 billion range for the 2025 financial year, based on the group's strong performance in the first half of 2025 [2].

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_PLXB80B28:0-vienna-insurance-h1-combined-ratio-92-3/
[2] https://www.marketscreener.com/news/vienna-insurance-vig-reports-strong-growth-and-significantly-higher-profitability-in-first-half-of-ce7c50ded989f72c