Vienna Insurance Group (VIG Austria) increased gross written premiums (GWP) by 8.3% to EUR4.65bn in the first quarter of 2025, driven by growth across all business lines.
According to the Reinsurance News website, the highest premium growth rates were seen particularly in Poland (+13 per cent) and the extended Central and Eastern Europe region (+10.3 per cent), with Romania, the Baltic States, Slovakia and Hungary contributing the most.
Insurance income grew 8.1% year-on-year to EUR3.14bn in the first quarter of 2025.
Profit before tax increased by 7.5 per cent to EUR261.1m, mainly driven by the Poland and the expanded CEE region segments.
VIG’s net combined ratio improved by 0.4 percentage points (pp) to 92.3%, reflecting various measures to improve the claims ratio and reduce the impact of natural catastrophes.
The group’s solvency ratio at the end of the first quarter was 271 per cent, taking into account transitional measures.