Vienna Insurance Group reports its financial results for the first half of the year. The company recorded a profit before taxes of EUR 531.4 million (+10.5 percent).
“In the first half of 2025, we once again succeeded in achieving strong results. The positive development in the first six months, with growth in premiums and profit, underscores that we are ideally positioned in Central and Eastern Europe. Our excellent capitalisation allows us to take advantage of attractive growth opportunities in our markets”, says Hartwig Löger, CEO of Vienna Insurance Group.
A total volume of EUR 8,569.5 million in gross written premiums was generated in the first half of 2025, representing a considerable increase of 8.7 percent compared to the previous year. All lines of business recorded growth, with the highest growth rates coming from life insurance without profit participation (+32.7 percent) and unit- and index-linked life insurance (+26.4 percent). Health insurance (+15.0 percent) and motor third-party liability insurance (+12.5 percent) also posted double-digit growth. Within the segments, there were also double-digit premium increases in Special Markets at 19 percent, with Türkiye (+23.8 percent) being the main contributor here, in Poland at 15.2 percent, and in Extended CEE at 10.1 percent, where Romania (+14.4 percent) and the Baltic States (10.7 percent) made the biggest contributions to growth. Premiums increased by 6.7 percent in the Czech Republic and 5.2 percent in Austria.
Insurance service revenue increased to EUR 6,396.9 million (+8.1 percent). This increase is primarily the result of growth in property and casualty insurance in the segments Extended CEE (in particular Slovakia, Bulgaria, Romania, the Baltic States, Croatia and Serbia) and Special Markets (namely Türkiye).
Profit before taxes rose to EUR 531.4 million in the first half of 2025. The significant increase of 10.5 percent compared to the previous year was supported in part by a substantially lower overall claims development. Results in the segments Poland (+51.3 percent) and Czech Republic (+18.4 percent) were the main contributors to this increase.
As of 30 June 2025, the total investment portfolio stood at EUR 45.6 billion (end of 2024: EUR 44.6 billion). The 2.3 percent increase is primarily due to higher investments in the bond portfolio and increases in the value of the investment funds.