Austria's Vienna Insurance H1 pretax profit rises on investment, lower claims

Vienna Insurance Wiener Versicherung Gruppe AG

26/08/2026 06:42

Overview
Austria insurer's H1 pretax profit rose 21% yr/yr, driven by investment and lower claims
Insurance service revenue grew 7.1% to EUR 6.8 bln, with strong CEE market growth
Company completed NÜRNBERGER acquisition, its largest-ever deal, and reaffirmed outlook

Outlook
Vienna Insurance reaffirms 2026 result before taxes outlook of EUR 1.25-1.30 bln excluding NÜRNBERGER
Company says NÜRNBERGER will be included in 2026 consolidated financial statements for the first time
Vienna Insurance highlights ongoing IT transformation strategy at NÜRNBERGER to enhance products and services

Result Drivers
INVESTMENT PERFORMANCE - Co said profit growth was primarily due to positive capital investment result
LOWER CLAIMS - Co said improved net combined ratio was mainly due to lower claims
CEE MARKET GROWTH - Co said premium and revenue growth were mainly driven by strong performance in core CEE markets

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Combined Ratio
 
91.40%
 
H1 Pretax Profit
 
EUR 641.50 mln
 
H1 Solvency Ratio
 
272.00%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the multiline insurance & brokers peer group is "buy"
Wall Street's median 12-month price target for Vienna Insurance Group Wiener Versicherung Gruppe AG is €70.25, about 1.3% below its August 25 closing price of €71.20
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)