VIG Re reported strong underwriting and financial results for 2025, meeting its main targets and tightening its position as one of Europe’s larger reinsurers, with a broader presence in Asia.
Gross written premium reached EUR 995.6 mn, up 1.3% year over year. Profit before tax rose 17.8% to EUR 49 mn. Return on equity came in at 10.2%, while the net combined ratio improved to 85.7%.
At the same time, the company moved into a new strategic phase with the launch of its three-year plan, VIGRe28. It also published its Annual Report and Solvency and Financial Condition Report for 2025.
VIG Re said the result came from disciplined underwriting, effective risk management and solid investment income. Technical profitability stayed strong, helped by portfolio growth, a resilient business mix and below-average natural catastrophe activity in Europe.
Assumed Risk remained the main part of the business, accounting for more than three-quarters of premium income.
The company kept expanding its external client base. In 2025, 63% of Assumed Risk premium came from third-party business, while 37% came from Vienna Insurance Group companies.
VIG Re served more than 650 clients across nearly 70 countries during the year. The company also maintained a strong capital position and kept its A+ financial strength rating with a positive outlook from Standard & Poor’s.
Chief executive Tobias Sonndorfer said 2025 brought strong momentum, with results reflecting client trust in VIG Re’s partnership-based model. He said recognition among the top 30 global P&C reinsurance brands also supports that position.
With VIGRe28 now in place, he said the company is building from a solid base, focusing on its core business, selective expansion, and stronger use of data, technology and talent.
Peter Höfinger, deputy chief executive of Vienna Insurance Group and chairman of the Supervisory Board of VIG Re, said the company delivered an exceptionally profitable year through strong financial performance, disciplined execution and steady value creation. He said VIG Re continues to move forward with long-term ambitions and a clear direction.
Chief financial officer Wolfgang Hajek said the 2025 result reflected disciplined execution across underwriting, capital management and investments.
He said strong profitability, a solid solvency position and a resilient balance sheet give the company room to fund growth priorities under VIGRe28, deploy capital selectively and support long-term value creation in a volatile risk market.
The new strategy, VIGRe28 (Strengthen. Expand. Accelerate.) sets out VIG Re’s priorities for the next three years.
The company plans to deepen client relationships, expand selectively in chosen markets and push growth through digitally enabled underwriting and advanced analytics.
VIG Re said the strategy is meant to support its aim of being a long-term reinsurance partner for clients across Europe and Asia.
Headquartered in Prague, VIG Re is part of Vienna Insurance Group and also operates from Munich and Paris.
Established in 2008, the reinsurer offers non-life treaty and facultative reinsurance solutions and manages outward reinsurance programmes for the VIG Group. In 2025, the company worked with around 660 insurance companies across almost 70 countries.
