Vienna Insurance Group (VIG) investor relations material

Strategic positioning and business model

• Market leader in Central and Eastern Europe (CEE) with operations in 30 markets and over 33 million customers, supported by a decentralized, multi-brand approach and strong entrepreneurship.

• Maintains a robust solvency ratio of 296% and an S&P A+ rating with a positive outlook, reflecting financial strength and reliability.

• Focuses on sustainable growth, combining economic success with a comprehensive sustainability program targeting net zero emissions by 2050.

• Multi-channel distribution strategy, including strong bancassurance partnerships, drives customer-centric growth and product expansion.

• Dividend policy emphasizes continuity and growth, with a proposed dividend of €1.73 per share for 2025.

Financial performance and results (2025)

• Gross written premiums rose by 7.1% to €16.3bn, with insurance service revenue up 8.7% to €13.2bn, driven by growth across all regions and business lines.

• Profit before taxes increased by 31.7% to €1,161.3mn, with significant improvements in Austria, Czech Republic, Poland, and Extended CEE.

• Net combined ratio improved to 90.1%, supported by lower weather-related claims and operational efficiencies.

• Operating ROE reached 18.7%, and earnings per share climbed to €6.46.

• Solvency II ratio stood at 296% (276% excluding transitionals), highlighting strong capital adequacy.

Strategic initiatives and outlook

• Five group-wide programs target sustainability, capital management, banking cooperation, artificial intelligence, and health to drive future growth and efficiency.

• Evolve 28 strategy sets 2028 targets: >€20bn gross written premiums, ≥€1.5bn profit before taxes, ≤91% combined ratio, ≥17% operating ROE, and solvency ratio in the 150–200% range.

• 2026 guidance aims for profit before taxes of €1.25–1.30bn, excluding the planned acquisition of Nürnberger.

• Acquisition of Nürnberger (99.2% share secured) will enhance diversification, resilience, and scale, with closing expected in early H2 2026.

• S&P upgraded the outlook to positive, citing improved diversification, scale, and earnings resilience.