Vienna Insurance Group Sets Ambitious Growth Targets in Evolve28 Strategy

Vienna Insurance Group (VIG) has announced its strategic plan, evolve28, outlining business targets and operational priorities for 2026 to 2028. The plan sets ambitious quantitative goals, including achieving gross written premiums (GWPs) of at least €20 billion by 2028, marking a 23% increase over the 2025 forecast. Profit before taxes is targeted at a minimum of €1.5 billion, a 30% rise compared to the expected 2025 results. These financial goals underline VIG’s expansion focus in Central and Eastern Europe and a commitment to strengthening its market presence in these regions. The strategic framework of evolve28 is built on four pillars: values & principles, country portfolio and company strategies, group-wide programs, and CO³ (communication, collaboration, cooperation). The values set by VIG—plurality, entrepreneurship, responsibility, excellence, and passion—guide interactions within the group and with external stakeholders. Local strategies across approximately 50 VIG companies emphasize customer growth, enhanced distribution networks, product diversification, and improvements in internal processes and corporate culture. Furthermore, evolve28 introduces five group-wide governance programs targeting sustainability, capital management, banking cooperation, artificial intelligence, and health sectors. Each program is led by a managing board member and involves local VIG entities. This multifaceted approach aims to bolster operational efficiency and foster innovation across different insurance segments, driving competitive advantage through better resource allocation and collaborative efforts. VIG’s financial outlook for 2025 has been revised upward, with a projected group result before taxes of €1.1 billion to €1.15 billion based on results from the first nine months of 2025, which showed a 30% increase over the prior year. The 2028 net combined ratio target is set at a maximum of 91%, while operating return on equity is aimed at a minimum of 17%. Additionally, the solvency ratio is projected to remain strong, between 150% and 200%, underscoring VIG’s focus on maintaining robust capital adequacy and financial stability. The company’s CEO emphasized the continuation of local entrepreneurship despite planned growth and expansion, signaling a balance between centralized strategy and regional adaptation. The proposed acquisition of Nürnberger Beteiligungs-AG, while not factored into the current targets, is expected to enhance growth prospects upon receiving regulatory approval. Overall, VIG’s evolve28 strategy reflects a structured approach to scaling its insurance operations, emphasizing financial growth, regulatory compliance, sustainable business practices, and technological innovation. This positions the group to strengthen its market leadership in Central and Eastern Europe while adapting to evolving industry challenges and opportunities.