Vienna Insurance Group (VIG) investor relations material

Executive summary

• Insurance service revenue grew by 9.1% year-over-year to EUR 3.42 billion, reflecting strong business growth across all segments and lines of business.

• Profit before tax increased by 18.8% year-over-year to EUR 310.3 million, driven by solid underwriting and growth momentum in Special Markets, Poland, Extended CEE, and Austria.

• Major strategic acquisitions completed in Germany (NÜRNBERGER Beteiligungs-AG) and Moldova (Moldasig), strengthening market positions and diversifying the portfolio.

• Management board expanded with new appointments and term extensions through June 2031 to support group expansion.

Financial highlights

• Combined ratio improved to 91.8%, down 0.5 percentage points year-over-year, indicating strong underwriting quality.

• Solvency ratio at quarter-end was 290%, or 274–276% excluding transitional measures, highlighting strong capitalization.

• Gross written premiums rose 4.4% year-over-year to EUR 4.9 billion, with the strongest growth in the Czech Republic (+8.4%).

• Dividend of EUR 1.73 per share for 2025 approved, with payout on 28 May 2026.

Outlook and guidance

• Full-year 2026 profit before tax targeted at EUR 1.25–1.3 billion, excluding the impact of the Nürnberger acquisition.

• Positive first quarter performance supports confidence in achieving full-year targets.

• Pro forma financial statements for Nürnberger expected by year-end 2026, with first-time consolidation for six months starting July 2026.