From Yahoo Finance: 2025-05-27 10:08:00

Vienna Insurance Group (VIG) saw a 7.5% increase in profit before taxes for Q1 2025, reaching €261.1m. Strong performances in Poland and extended CEE segments drove growth, with GWP rising 8.3% to €4.6bn. The net combined ratio improved to 92.3% and the solvency ratio stood at 271%.

Across all segments, VIG experienced growth in gross written premiums (GWP) and insurance service revenue in Q1 2025. Special markets led with a 25.4% increase in GWP, while Poland, extended CEE, and other segments followed suit. The group confirmed its financial outlook for 2025, targeting a profit before taxes of €950m to €1bn.

VIG CEO Hartwig Löger praised the successful business performance in Q1 2025, highlighting key improvements in key figures. The insurer aims to achieve profit before taxes within the range of €950m to €1bn for 2025. Additionally, VIG made a bid to acquire an 80% share in insurance company Moldasig this month, further expanding its reach.

Read more: Vienna Insurance Group pre-tax profit rises 7.5% in Q1 2025