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Vienna Insurance Group posts higher H1 2026 profit, margins improve
H1 2026 result before taxes rose 20.7% to EUR 641.5 million as the net combined ratio improved to 91.4% on lower claims.
Vienna Insurance Group reported a 20.7% rise in result before taxes to EUR 641.5 million for the first half of 2026, driven mainly by stronger total capital investment performance and an improved net combined ratio, Reinsurance News said. All segments generated positive results before taxes, with the biggest percentage increase in Extended CEE at 98.0%, followed by Special Markets up 35.4%, and Austria up 11.2%. The insurer said insurance service revenue climbed 7.1% to EUR 6.8 billion, supported by life insurance without profit participation rising 18.2%, unit and index-linked life insurance up 10.7%, and health insurance increasing 8.8%.
Vienna Insurance Group’s gross written premiums reached EUR 9.0 billion, up 5.4% year over year, with the strongest growth in life insurance without profit participation at 18.4%. Premium growth was led by Poland at 8.3%, Czechia at 8.1%, and Extended CEE at 6.4%, while Austria contributed a 3.6% premium increase.
The insurer reported that its net combined ratio for H1 2026 improved to 91.4%, a 0.5 percentage point improvement from 91.9% in H1 2025, attributing the change to lower claims. Contractual service margin totaled EUR 6.3 billion as of June 30, 2026, up 1.4% year over year, and the company said its total investment portfolio rose 4.1% to EUR 49.1 billion, supported by higher fair value investment measurements and new investments. Vienna Insurance Group’s CEO Hartwig Löger said the company is maintaining its profitable growth trajectory and reaffirmed its 2026 outlook for a result before taxes of EUR 1.25 to EUR 1.30 billion, excluding NÜRNBERGER.