VIG’s capital investment portfolio rises to €43.1bn

Written by Adam Cadle

29/08/2024

Vienna Insurance Group’s total capital investment portfolio as of 30 June 2024 amounted to €43.1bn, up from €42.6bn at the end of 2023.

This increase of 1.1% is primarily attributable to the rise in cash and cash equivalents, which in turn is mainly the result of positive cash flow from operating and investing activities.

The group’s solvency ratio at the end of H1 2024 remains at a very high level of 265%.

The group’s figures also showed that in H1 2024, the total volume of gross written premiums climbed to €7,886.8m, an increase of 7.9% compared to the previous year.

In a statement on its website, the insurer said: “Vienna Insurance Group has been able to manage the impact of the challenging geopolitical and macroeconomic environment very well so far and continues to focus on the success factors of continuity, stability, and diversity. VIG’s management confirms the positive outlook for the 2024 financial year despite the volatile environment and, on the basis of the excellent developments seen during the first half of the year, expects profits before taxes at the upper end of the planned range of €825m to €875m.

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