Austria · Delayed Price · Currency is EUR Vienna Insurance Group AG Earnings Call Transcripts
Fiscal Year 2025
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Record profit before taxes and strong premium growth were achieved, driven by CEE markets and improved underwriting. Solvency and ROE reached new highs, with a 12% dividend increase proposed. Outlook remains ambitious, targeting further growth and profitability.
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Strong Q1–Q3 results with 8.6% revenue growth and 31% profit increase led to a raised 2025 outlook. The group is expanding in Germany via the Nürnberger acquisition and launching the Evolve 28 strategy, while maintaining robust solvency and dividend policies.
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Strong half-year results with 8.7% premium growth, 10.5% profit increase, and improved combined ratio, supported by lower weather claims and robust segment performance. Goodwill impairment in Hungary was fully recognized, and guidance remains at the upper end of the target range.
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Q1 2025 saw insurance service revenue rise 8.1% and profit before tax up 7.5%, with strong growth in Poland, Romania, and Bulgaria. The solvency ratio improved to 271%, and guidance for full-year profit remains unchanged as M&A activity continues.
Fiscal Year 2024
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Strong premium and profit growth were achieved, driven by non-life and health segments, with robust performance in CEE markets. Despite weather-related claims and a goodwill impairment in Hungary, capital and solvency remain strong, supporting positive 2025 guidance.
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Strong growth in premiums and profit before taxes was achieved in the first nine months of 2024, driven by robust P&C performance and successful market expansion, while NatCat losses were effectively managed through reinsurance. Guidance for 2024 is confirmed at the upper end of the target range.
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Insurance service revenue grew 10% to EUR 5.9 billion, with profit before taxes up 3.9% to EUR 481 million and a net combined ratio improvement to 93.3%. Full-year profit is expected at the upper end of guidance, supported by strong capital and stable segment outlooks.