Vienna Insurance Group Unveils Evolve28 Strategy to Boost Regional Growth and Profitability

Vienna Insurance Group (VIG), a leading insurer in Central and Eastern Europe, has launched its new strategic programme, evolve28, outlining its objectives for the next three years. The programme aims to reinforce VIG's regional leadership, increase premiums and profitability, and support the autonomy of its national businesses. VIG has set quantitative targets for 2028, including gross written premiums of at least EUR 20 billion, profit before taxes of at least EUR 1.5 billion, a net combined ratio capped at 91%, an operating return on equity of at least 17%, and a solvency ratio between 150% to 200%. These targets build on the company's strong financial performance in 2025, where it reported a 30% rise in group result before taxes for the first nine months, projecting an increased full-year profit before taxes between EUR 1.10 billion and EUR 1.15 billion. The evolve28 programme emphasizes VIG's unique decentralized business model that prioritizes local entrepreneurship over a centralized structure. It incorporates four main elements: Values & Principles, Country Portfolio & Company Strategies, Group Programmes, and CO³—a communication and cooperation initiative to enhance internal collaboration across markets. This approach allows each subsidiary to maintain its individual strategy while aligning with Group-level priorities, fostering flexible and resilient adaptation to market dynamics. VIG’s Values & Principles highlight five core values—Plurality, Entrepreneurship, Responsibility, Excellence, and Passion—which guide cooperation between the Holding company and local operations. Local companies develop bespoke strategies based on detailed market and trend analyses, with aligned objectives consolidated at the Group level. Starting in 2026, VIG plans structured knowledge-sharing sessions to address common strategic themes such as customer base expansion, distribution strengthening, product diversification, operational process enhancement, and corporate culture nurturing. The Group Programmes focus on key growth and efficiency areas, with designated oversight by members of VIG’s Managing Board. These programmes cover Sustainability, Capital Management, Banking Cooperation, Artificial Intelligence, and Health. The CO³ initiative, emphasizing Communication, Collaboration, and Cooperation, bolsters organizational cohesion through enhanced use of digital tools and both virtual and in-person engagement formats, aiming to generate synergies and improve transparency. VIG reaffirmed its dividend policy commitment to maintaining or increasing dividends per share based on operating performance. The evolve28 strategy reflects a continuous development philosophy, building on proven success and targeted market responsiveness rather than wholesale change, positioning VIG to drive market leadership and sustainable growth in the coming years.