Vienna Insurance Group

What Vienna Insurance Group does

Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG), headquartered at Schottenring 30 in Vienna, Austria, is the leading insurance group in Central and Eastern Europe. The company operates a federated holding structure comprising more than 50 insurance companies and pension funds across 30 countries, servicing 36 million customers through local market brands such as Wiener Städtische Versicherung, Kooperativa, ČPP, Compensa, Asirom, and Vienna-Life, plus the reinsurance unit VIG Re. Founded in 1824 (originating as Wiener Städtische Versicherungsverein) and publicly listed on the Vienna Stock Exchange under ticker VIG, the group is controlled by Wiener Städtische Versicherungsverein holding more than 25% of share capital.

VIG generates revenue primarily through gross written premiums (EUR 16.3 billion in FY2025, +7.1% YoY) across property, casualty, life, health, and motor insurance lines, supplemented by investment income from a EUR 41.7 billion capital investment portfolio (mid-2023). The business model combines risk-based individualized pricing on the retail side, multi-channel distribution (tied agents, brokers, bank assurance, digital) at the subsidiary level, and a Vienna-based Corporate Business hub serving international corporate clients in 120 countries. Technology infrastructure includes the VIG Globe digital platform for international program coordination, ORSA scenario analyses for climate risk, and subsidiary-level digital channels such as the IRAO online-first platform. Underwriting and claims expertise is centralized through the VIU Academy, supporting 36 property insurance companies across CEE, Germany, Türkiye, Georgia, and Scandinavia.

The group's strategic posture is anchored by the evolve28 plan (2026–2028) targeting at least EUR 20 billion in premiums and EUR 1.5 billion profit before taxes by 2028, supported by the completed Nürnberger Beteiligungs-AG acquisition (99.2% secured, largest transaction in VIG history), an IFC equity partnership in Ukrainian subsidiaries, and progressive sustainability commitments including EU taxonomy compliance for the Ringturm headquarters and climate-neutral office operations by 2030. FY2025 results marked a record with profit before taxes of EUR 1,161.3 million, and Q1 2026 PBT rose 18.8% YoY to EUR 310.3 million with a 91.8% combined ratio.

Name

Vienna Insurance Group

Legal name

VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe

Website

https://group.vig

Company type

Public

Founded year

1824

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Vienna Insurance Group is the leading insurance group in Central and Eastern Europe, operating more than 50 insurance companies and pension funds across 30 countries that serve 36 million retail, corporate, and pension customers through property, casualty, life, and health insurance products.

Ownership category

akta.pro rank

Product category

Multi-line Insurance

NAICS

Insurance Carriers and Related Activities (524), Insurance Carriers (5241), Direct Life, Health, and Medical Insurance Carriers (52411), Direct Health and Medical Insurance Carriers (524114), Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Life Insurance (6311), Accident & Health Insurance (6321), Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Fully Insured Group Health Plans (Employer-Sponsored) (FSAIAFAA)

akta.pro secondary industries

Reinsurance Solutions for Group Benefits (Group Life, Group Disability, Supplemental Health) (FSAOAAAH), Basic Group Term Life (Employer-Paid) (FSAIADAA), Large Group Health Insurance (Mid-Market & National Accounts) (FSAIAFAE)

Keywords

• Property and casualty insurance
• Life and health insurance
• Pension and retirement products
• International insurance programs
• Motor insurance underwriting

Headquarters

HQ city

Osterreicher

HQ country

Austria

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Gross Written Premiums: VIG generates the majority of its revenue through insurance premiums across property, casualty, life, and health insurance lines. Q1 2026 gross written premiums expanded 4.4% to EUR 4.857 billion. Full year 2025 GWP was EUR 16.3 billion, up 7.1% year-over-year.
2. Investment Income: VIG generates investment income from its total capital investment portfolio, which was EUR 41.7 billion as of mid-2023. The group manages investments across equities, fixed income, and real estate, with a focus on sustainable investment as part of its ESG commitments.
3. Insurance Service Revenue (IFRS): Under IFRS 17, Insurance Service Revenue (versicherungstechnische Erträge) represents the consideration received for taking on insurance risk and related services. In H1 2023 this reached EUR 5,380.4 million, up 13.7% year-over-year.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Vienna Insurance Group sells multi-line insurance products including property, casualty, life, health, and motor insurance, along with pension and retirement products, through more than 50 insurance companies and pension funds operating across 30 countries in Central and Eastern Europe. The group also offers international insurance programs for corporate customers operating in up to 120 countries and reinsurance through its VIG Re unit, with gross written premiums of EUR 16.3 billion in 2025.

Product overview

Vienna Insurance Group (VIG) is the leading insurance group in Central and Eastern Europe, operating as a multi-brand, multi-market insurance platform. The group comprises approximately 50 insurance companies and pension funds across 30 countries, servicing 36 million customers. The product portfolio spans multiple sub-brands including Wiener Städtische Versicherung, DONAU Versicherung, Kooperativa (Czech Republic), Compensa (Baltic States), Asirom (Romania), Vienna-Life, Kupala, Wiener Städtische Osiguranje, ČPP, IRAO, VIG Re, and others, covering property, casualty, life, and health insurance lines. The 2026 Nürnberger acquisition represents the largest transaction in VIG's history, significantly expanding the group's German market presence. The Corporate Business Services unit provides specialized underwriting, claims handling, and international program coordination for large corporate clients across the group's operating markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Insurance Property and casualty coverage for individuals and corporate customers, including fire, engineering, and physical asset protection across 30 countries through regional insurance brands.
• Casualty and Liability Insurance Liability and casualty insurance including motor liability and specialty liability coverage for individuals and enterprises across the group's markets.
• Life Insurance Life insurance coverage, including savings components, distributed through brands such as Wiener Städtische, Vienna-Life, and Compensa Life across multiple markets.
• Health Insurance Health insurance for individuals and groups provided across VIG's regional markets.
• Motor Insurance Personal and commercial motor insurance covering accident, damage, and liability risk for vehicle owners across VIG's 30-country network.
• Pension and Retirement Products
• Marine and Transport Insurance Specialized marine and transport insurance products offered through VIG's Corporate Business unit and regional property insurance companies for large corporate customers.
• Corporate Business International Insurance Programs A Vienna-based Corporate Business service that serves as a competence center for underwriting, claims, and international insurance programs for large corporate clients, issuing approximately 9,000 policies annually for international customers across 120 countries with premium volume of approximately EUR 2 billion in 2023.
• Reinsurance (VIG Re) Reinsurance services delivered through VIG Re Germany (Munich), serving as a reliable reinsurance partner for customers in Germany, Switzerland, Austria, Italy, and the Nordic countries.

Quantifiable outcome

• 18.8% year-over-year increase in Q1 2026 profit before taxes to EUR 310.3 million
• +9 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core, minor and major.

• AfB (Arbeit für Menschen mit Behinderung)coreStrategic or Co-development Partner · 1 January 2011VIG has partnered with AfB since 2011, a non-profit IT company that refurbishes and recycles IT equipment. Through this partnership, VIG has created long-term jobs for people with disabilities, saved 1.5 million tonnes of CO2 equivalents, 11 million liters of water, 5.4 million kWh of electricity, and 480,000 kg of metals and minerals compared to producing new devices. Approximately 40% of AfB's employees are people with disabilities, making AfB a socio-ecological employer.
• Wien EnergiecoreTechnology or IntegrationVIG founded Austria's first energy community with Wien Energie, Austria's domestic energy provider. Wien Energie provides six photovoltaic and four wind power installations that supply more than half of all Austrian VIG locations with green energy, generating approximately 3 GWh per year of solar and wind power. This partnership supports VIG's goal of climate neutrality in office operations by 2030.
• Risk ConsultcoreTechnology or IntegrationVIG partner company Risk Consult conducts approximately 2,000 analyses of operating sites per year for VIG, assessing and improving the risk situations of corporate and large customers through on-site risk evaluations and recommendations.
• Leopold MuseumminorStrategic or Co-development PartnerThe UNKNOWN FAMILIARS exhibition — The Vienna Insurance Group Collections was shown at the Leopold Museum in Vienna in 2024, featuring artworks from VIG's extensive art collections including those of Wiener Städtische, Wiener Städtische Versicherungsverein, Donau Versicherung, Kooperativa, and Wiener Städtische Osiguranje.
• Wiener Städtische VersicherungsvereinmajorOthersWiener Städtische Versicherungsverein (Wiener Städtische Insurance Association) is the main shareholder of VIG, holding a stake of more than 25%. It jointly sponsors and supports cultural creators across music, painting, architecture, and photography with VIG. It also owns art collections and organizes the Ringturm Wrapping art project and Architektur im Ringturm exhibition series.
• UN Global Compact Netzwerk ÖsterreichminorGTM or Marketing PartnerVIG participated in an event moderated by the UN Global Compact Netzwerk Österreich on the topic of a just transition to climate-neutral economics, discussing qualifications and measures for socio-ecological workplaces alongside WIFO and AfB.
• Association of Bulgarian Insurers (ABZ)minorOthersVIG collaborates with the Association of Bulgarian Insurers for industry data on insurance density and risk literacy statistics in CEE countries, supporting its research on underinsurance and risk competence in Central and Eastern Europe.

Scale indicators18 records

Recent moves7 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xx.com/ViennaInsurance
• YouTubeyoutube.com/@viennainsurancegroupag
• LinkedInlinkedin.com/company/vienna-insurance-group

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vienna Insurance Group