Austrian insurance group Vienna Insurance Group reported a 21% year-over-year rise in first-half pretax profit to €641.5 million, supported by higher investment returns and reduced claims.
Insurance service revenue increased 7.1% to €6.8 billion, with growth concentrated in core Central and Eastern European markets. The net combined ratio improved to 91.40%, reflecting lower claims during the period, while the solvency ratio stood at 272%.
During the first half, Vienna Insurance completed the acquisition of German insurer NÜRNBERGER, its largest transaction to date. NÜRNBERGER will be included in Vienna Insurance’s consolidated financial statements for the first time in 2026. The company also outlined plans to integrate NÜRNBERGER into its broader IT transformation strategy aimed at enhancing products and services.
For the full year 2026, Vienna Insurance maintained its pretax profit outlook in the range of €1.25 billion to €1.30 billion, excluding contributions from NÜRNBERGER.
