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VIG increases gross written premiums by 11% to €4.3bn

Written by Adam Cadle
30/05/2024

Vienna Insurance Group (VIG) has increased its gross written premiums by 11% to €4.3bn after Q1 2024.

In Austria, gross written premiums rose by 7.8% to €1,510m, and in the Czech Republic, there was a slight currency-related decline of 0.6% to €621m. In Poland, the gross written premium volume rose by 7.9% to €416m, and in the extended CEE segment, a gross written premium increase of 10% to €1,142m was achieved.

The group’s solvency ratio at the end of the first quarter of 2024 was 262%, continuing to emphasise its capital strength and resilience.

VIG’s management has confirmed its outlook to achieve profit before taxes within a range of €825m to €875m for the 2024 financial year.


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