Following its “outstanding” Q1–Q3 results, Vienna Insurance Group’s management has raised the firm’s full-year 2025 pre-tax target from €950 million–€1 billion to €1.10–€1.15 billion.
This will come as no surprise to familiar readers, who may recall that back in August, VIG reported that profit before taxes rose to €531.4 million in H1 2025, up 10.5% year-on-year.
Gross written premiums were also up in the H1 2025 period, reaching €8.57 billion, an 8.7% increase compared to H1 2024. According to VIG, all lines of business recorded growth in H1 2025, with the highest growth rates coming from life insurance without profit participation and unit-and-index-linked life insurance.
Meanwhile, Health insurance and motor third-party liability insurance also posted double-digit growth.
A few months later, S&P Global Ratings revised VIG, and its core subsidiary VIG RE, to positive from stable, while affirming its A+ insurer financial strength and issuer credit ratings.
The rating agency noted at the time that VIG has made significant progress in diversifying its business and expanding its scale and earnings in recent years, driven by strong performance in Central and Eastern Europe.
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