Vienna Insurance Q1 pretax profit rises 19%, combined ratio improves

Vienna Insurance Wiener Versicherung Gruppe AG

28/05/2026 06:41

Overview
Austria-based insurer's Q1 pretax profit rose 19%, insurance service revenue up 9% yr/yr
Gross written premiums increased 4% yr/yr, with growth across all segments
Company completed acquisitions in Germany and Moldova, expanding market presence

Outlook
Vienna Insurance confirms 2026 profit before taxes outlook of EUR 1.25-1.30 bln, excluding Nürnberger
Company says robust capitalisation supports targeted expansion and strategic positioning
Vienna Insurance sees ongoing expansion in Moldova and Montenegro

Result Drivers
SEGMENT CONTRIBUTIONS - Profit before taxes rose due to growth in Special Markets, Poland, Extended CEE, and Austria, with Extended CEE driven by Romania, Hungary, Bulgaria, Serbia, and Ukraine
REVENUE AND PREMIUM GROWTH - Insurance service revenue and gross written premiums increased across all segments, with double-digit growth in Special Markets and Czech Republic
IMPROVED COMBINED RATIO - Net combined ratio improved, mainly due to better performance in Extended CEE, especially North Macedonia, Serbia, Croatia, Ukraine, Bulgaria, Romania and the Baltic states

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Combined Ratio
 
91.8%
 
Q1 Pretax Profit
 
EUR 310.3 mln
 
Q1 Solvency Ratio
 
290%
 

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 12.2% above its May 27 closing price of €62.60
The stock recently traded at 8 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.)