Profits at Vienna Insurance Group (VIG) rose to €531.4m in the first half of 2025, up 10.5 per cent on the same period in 2024, thanks in part to significantly lower overall claims development.
According to the Reinsurance News website, citing the insurer’s data, gross written premiums also rose to €8.57bn (up 8.7%).
According to VIG, all of its business lines recorded growth, with the fastest rates seen in life insurance (+32.7%) and life insurance related to investment funds and indices (+26.4%).
Meanwhile, health insurance grew by 15.0% and motor third party liability insurance by 12.5%.
VIG also added double-digit premium growth in special markets at 19%, with the main growth drivers being Turkey at 23.8%, Poland at 15.2% and the extended Central and Eastern Europe region at 10.1%, where Romania (+14.4%) and the Baltic States (+10.7%) made the largest contributions.
At the same time, insurance premiums rose by 6.7% in the Czech Republic and 5.2% in Austria.
As reported, VIG’s net combined ratio for the first half of 2025 improved to 91.9 per cent compared to 93.3 per cent in the first half of 2024. This is due to significantly lower costs caused by weather and natural disasters in the period.
In Ukraine SG VIG is represented by PJSC IC Princely Vienne Insurance Group, PJSC IC Ukrainian Insurance Group and PJSC IC Princely LIFE Vienne Insurance Group.