VIG Re reported gross written premiums of €995.6 million in 2025, a modest 1.3% increase from the previous year, while profit before tax rose a stronger 17.8% to €49.0 million.
The results mark the first year under the company’s newly launched VIGRe28 strategy and reinforce its position among the Top 30 global P&C reinsurance brands.
The combined ratio improved noticeably to 85.7% from 89.6% the prior year. Investments stood at €909.2 million at the end of 2025, up from €773.6 million in 2024, while shareholders’ equity increased to €383.2 million.
These results benefited from disciplined underwriting and relatively benign natural catastrophe activity across much of Europe last year.
Tobias Sonndorfer (pictured above), chairman and chief executive officer of VIG Re, said 2025 was a year of momentum that clearly reflected the trust clients place in the company’s partnership-driven approach. Being recognised among the Top 30 global P&C reinsurance brands further confirmed the strength of these relationships, he added.
With VIGRe28 now in place, the reinsurer is focusing on three main pillars: strengthening its core operations and client relationships, expanding selectively in special markets such as facultative and international natural catastrophe business, and accelerating impact through greater use of data, technology and talent.
Sonndorfer described the plan as building on a solid foundation to deliver long-term value.
Peter Höfinger, deputy CEO of Vienna Insurance Group and chairman of VIG Re’s supervisory board, called 2025 an exceptionally profitable year marked by disciplined execution and sustained value creation.
Chief financial officer Wolfgang Hajek noted that strong profitability, a robust solvency position and a resilient balance sheet would allow the company to fund growth priorities under VIGRe28 while navigating a volatile risk environment.
In the competitive European P&C reinsurance market, VIG Re’s underwriting performance stood out against close peers. Deutsche Rück, a similar mid-tier specialist with a strong regional focus, posted a combined ratio of 93.7% in 2024 and is expected to remain in the 93-95% range for 2025 with more modest profitability growth.
VIG Re is also pushing ahead with international expansion. It gained associate membership in the Singapore Reinsurers’ Association in early 2026 and appointed Marc Haushofer as managing director for Asia-Pacific. Plans are underway to establish an office in Singapore, subject to regulatory approvals.
VIG Re serves as the property and casualty reinsurance arm of Vienna Insurance Group, which reported a record profit before tax of €1.16 billion in 2025, up 31.7% year-on-year and breaking the €1 billion barrier for the first time.
