The latest set of results from VIG for you;
“With its results for the first half-year of 2026, Vienna Insurance Group continues its profitable growth trajectory and dynamic growth in its core market Central and Eastern Europe. We managed to improve all our key performance indicators and continue to maintain a strong capital position even after the acquisition of NÜRNBERGER Versicherung. We therefore reaffirm our outlook of achieving a result before taxes of between EUR 1.25 and EUR 1.30 billion (excluding NÜRNBERGER) for the 2026 financial year”, comments Hartwig Löger, CEO of Vienna Insurance Group.
Significant increase in result before taxes
The result before taxes rose by a strong 20.7% to EUR 641.5 million in the first half of 2026. The profit growth was primarily due to the positive performance of the total capital investment result and improved net combined ratio. All segments generated positive result before taxes, with the highest percentage increases recorded in the segments Extended CEE (+98.0%), Special Markets (+35.4%) and Austria (+11.2%).
Increase in insurance service revenue across all lines of business and segments
Insurance service revenue – issued business increased to EUR 6,849.9 million (+7.1%). Growth rates in the segments Special Markets (+10.9%), Extended CEE (+9.2%) and Czechia (+8.7%) were even higher, with double-digit growth achieved in Ukraine (+18.5%), Bosnia and Herzegovina (+16.2%), Türkiye (+14.2%), Hungary (+13.6%), Albania (+13.2%), Croatia (+12.6%) and Bulgaria (+11.3%).
In terms of lines of business, the highest percentage increase was recorded in life insurance without profit participation (+18.2%), followed by unit- and index-linked life insurance (+10.7%) and health insurance (+8.8%).
Gross written premiums up
In the first half of 2026, gross written premiums reached EUR 9,031.6 million, an increase of 5.4% compared to the previous year. The highest growth was recorded in life insurance without profit participation (+18.4%). The increase was primarily driven by the core market CEE, which recorded growth rates above the overall average. Poland recorded a premium increase of 8.3%, Czechia +8.1% and Extended CEE +6.4%. Austria also contributed to the positive development of the core market CEE with a premium increase of +3.6%. Among the countries in the segment Extended CEE, Hungary (+15.1%), Bulgaria (+12.0%), Serbia (+9.7%), Croatia (+9.3%) and Slovakia (+7.0%) showed particularly strong premium growth. In the Special Market Türkiye (-2.6%), growth in motor third-party liability insurance was scaled back given the current market developments for profitability considerations.
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