Vienna Insurance Group Ag · VIE:VIG
Vienna Insurance — 9M 2025 Earnings Presentation
29 slides from Vienna Insurance's earnings presentation, Nov 25, 2025
Slide 1: 9M 2025 Key Figures & Update Presentation
9M 2025 KEY FIGURES & UPDATE PRESENTATION Hartwig Löger, CEO Peter Höfinger, Deputy CEO Liane Hirner, CFRO Gerhard Lahner, COO Vienna, 25 November 2025
Slide 2: Financial and Strategic Highlights
FINANCIAL AND STRATEGIC HIGHLIGHTS ▪ GUIDANCE Management of VIG raised the outlook for Group profit before taxes to a range of € 1.10 billion to € 1.15 billion for FY 2025 ▪ NÜRNBERGER Public purchase offer ended on 21 November 2025 with an acceptance rate of 98.38% (preliminary result as of 24 Nove
Slide 3: 9M 2025 Key Figures
9M 2025 KEY FIGURES NÜRNBERGER NÜRNBERGER VIG GROUP STRATEGY 2026-28 VIG GROUP STRATEGY 2026-28 APPENDIX APPENDIX Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 3 VIG VIENNA INSURANCE GROUP
Slide 4: Key Figures Over the First Three Quarters 2025
KEY FIGURES OVER THE FIRST THREE QUARTERS 2025 Solid top- and very strong bottom-line growth Insurance service revenue Profit before taxes € 9,730.3mn € 872.8mn ▪ Revenue up by 8.6% ▪ PBT increased by 31.0% ▪ 9M 2024: € 8,960.9mn ▪ 9M 2024: € 666.5mn P&C net combined ratio Solvency ratio 92.1% 286%
Slide 5: Gross Written Premiums Up by 8.6% to € 12.5 Billion
GROSS WRITTEN PREMIUMS UP BY 8.6% TO € 12.5 BILLION Gross written premiums by segments; 9M 2025 (€ mn) +4.8% +9.4% 4,533.2 4,464.4 3,751.2 3,578.6 3,644.5 3,330.1 2,709.1 +7.7% 2,470.1 2,366.2 1,935.8 +13.5% 1,797.9 +18.4% 1,601.7 1,655.3 1,500.3 1,294.4 1,391.8 1,226.5 1,259.8 1,186.4 1,001.7 915.8
Slide 6: Insurance Service Revenue of € 9.7 Billion Up by 8.6%
INSURANCE SERVICE REVENUE OF € 9.7 BILLION UP BY 8.6% Insurance service revenue by segments; 9M 2025 (€ mn) 2,642.4 ▪ AT: Insurance service revenue grew by € 152.1mn mainly driven Austria +5.8% by the non-life business and health insurance 2,794.5 ▪ CZ: Revenue increase by € 113.2mn mainly due to po
Slide 7: Executive Summary
EXECUTIVE SUMMARY VIG with robust growth over the first three quarters 2025 Profit before taxes target range for 2025 raised to € 1.10bn to € 1.15bn ▪ Excellent business performance with insurance service revenue up by close to € 770mn to € 9.7bn (+8.6%) ▪ Profit before taxes increased by € 206.3mn
Slide 8: Nürnberger section divider and notice
9M 2025 KEY FIGURES 9M 2025 KEY FIGURES NÜRNBERGER VIG GROUP STRATEGY 2026-28 VIG GROUP STRATEGY 2026-28 APPENDIX APPENDIX The data, assumptions and assessments included herein are based exclusively on publicly available information and on VIG's internal analyses, modelling and conclusions based on
Slide 9: Nürnberger – A Unique Opportunity and Compelling Strategic Fit
NÜRNBERGER – A UNIQUE OPPORTUNITY AND COMPELLING STRATEGIC FIT Short- to mid-term restructuring efforts necessary, but long-term profitable growth potential given Our clear goal is to restore NÜRNBERGER to profitability and secure future sustainable earnings and dividend streams This transaction inc
Slide 10: Germany – A Stable Insurance Market
GERMANY – A STABLE INSURANCE MARKET Economic stability and strong financial system Top 20 insurers in Germany by premiums (in € bn) 45,0 ▪ The German market represents one of the largest European / 19,4 insurance markets with € 238bn total premium in 20241 15,2 15,1 − With an effective supervisory a
Slide 11: Nürnberger Is a Well-Established Diversified Insurance Group
NÜRNBERGER IS A WELL-ESTABLISHED DIVERSIFIED INSURANCE GROUP AND BIOMETRIC RISK SPECIALIST IN GERMANY All data based on 2024 figures (local GAAP) Around Around Gross written premium of € 3.7bn at YE 2024 2.6mn 3,800 Health customers employees 9% Fitch rating Unrestricted Tier 1 A € 1.9bn Non Life 29
Slide 12: Broader Diversification – Combined Strengths
BROADER DIVERSIFICATION – COMBINED STRENGTHS VIG to broaden its diversification and to strengthen the position in Germany Top 3 Below top 3 YE 2024 pro-forma combined GWP split of VIG incl. NÜRNBERGER1 FI Special Markets NO Special Germany Markets SE EE InterRisk & NÜRNBERGER 7% Austria 25% Life LV
Slide 13: S&P Raised the Outlook for VIG to Positive
S&P RAISED THE OUTLOOK FOR VIG TO POSITIVE S&P raised the outlook from A+ with a stable outlook to A+ with a positive outlook S&P Rating S&P affirmed VIG's financial strength and issuer credit ratings with excellent A+ A+ ▪ VIG’s diversification and growth were decisive factors in raising the outloo
Slide 14: Total Preliminary Acceptance Rate of 98.38%
TOTAL PRELIMINARY ACCEPTANCE RATE OF 98.38% Including shares already held or otherwise secured by VIG ▪ Voluntary public purchase offer to acquire up to 100% of the share capital launched on 24 October 2025 Share purchase ▪ Offer price of € 120 per share in cash offer ▪ All documents available on th
Slide 15: VIG Group Strategy 2026-28 section
9M 2025 KEY FIGURES 9M 2025 KEY FIGURES NÜRNBERGER NÜRNBERGER VIG GROUP STRATEGY 2026-28 APPENDIX APPENDIX Please note that rounding differences may occur 15 VIG VIENNA INSURANCE GROUP
Slide 16: VIG Group Strategy 2026-28
VIG GROUP STRATEGY 2026-28 Group Programmes CO3 Collaboration Company Strategies Country Portfolio & Communication Cooperation Values & Principles 16 EVOLVE28 VIG VIENNA INSURANCE GROUP
Slide 17: Values
VALUES VIG Group Strategy 2026-2028 Plurality Entrepreneurship Responsibility Excellence Passion With 50 companies in 30 With our decentralised Responsibility has many As the market leader in We are dedicated to our countries, VIG embraces a Group structure, we put faces. As the market CEE, we aim t
Slide 18: Principles
PRINCIPLES VIG Group Strategy 2026-2028 VIG operates as a ‘Group’ and creates significant economic added value through entrepreneurship and multi-brand strategy Communication provides for transparency and drives efficient and effective exchange within the Group VIG shows a strong and sustainable com
Slide 19: Country Portfolio & Company Strategies
COUNTRY PORTFOLIO & COMPANY STRATEGIES VIG Group Strategy 2026-2028 Five strategic fields based on local strategies Expand the customer base Enlarge the Enhance the product offerings distribution footprint Employees Operations – foster people and culture – manage the bottom line 19 EVOLVE28 VIG VIEN
Slide 20: Group Programmes
GROUP PROGRAMMES VIG Group Strategy 2026-2028 Group programmes are built on relevant trends and challenges, and are designed to support objectives and strategic implications Sustainability Capital Banking Artificial Health Management Cooperation Intelligence VIG as a reliable Capital efficiency Real
Slide 21: Collaboration, Cooperation, Communication
COLLABORATION, COOPERATION, COMMUNICATION Collaboration creates added value ▪ Accelerating cross-border exchange and know-how sharing throughout the Group on strategic areas such as: customers, sales, products, operations and employees ▪ Enhancing digital collaboration channels (‘CO³nnect’, ‘Spotlig
Slide 22: Next Steps
NEXT STEPS VIG Investor Relations available to assist with questions and meeting requests 2025 2026 2026 / 2027 Closing Targets for evolve28 Bank conferences Targets update NÜRNBERGER ▪ Beginning of December ▪ London, 15 Jan 2026 ▪ Closing expected at the ▪ Update of the evolve28 2025: financial tar
Slide 23: Appendix section
9M 2025 KEY FIGURES 9M 2025 KEY FIGURES NÜRNBERGER NÜRNBERGER VIG GROUP STRATEGY 2026-28 VIG GROUP STRATEGY 2026-28 APPENDIX Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 23 VIG VIENNA INSURANCE GROUP
Slide 24: VIG Share (I)
VIG SHARE (I) Number of common shares: 128,000,000 / ISIN: AT0000908504 General information Analyst recommendations (as of Nov 2025) Listings Ticker Rating Major Indices SELL BUY Vienna ▪ Stock Exchanges: VIG Standard & Poor’s: ATX 1 3 Prague ▪ Bloomberg: VIG AV / VIG CP / VIG XH A+, stable outlook
Slide 25: VIG Share (II)
VIG SHARE (II) Shareholder structure Free float split by region1 North America 30% Austria 29% ~72% Wiener Städtische ~28% Continental Europe 29% Versicherungsverein Free float (Mutual) UK & Ireland 8% Other 4% 1 Split of identified shares (Source: S&P Global, May 2025) 25 APPENDIX VIG VIENNA INSURA
Slide 26: Appendix
26 APPENDIX VIG VIENNA INSURANCE GROUP
Slide 27: Contact Details / Financial Calendar
CONTACT DETAILS / FINANCIAL CALENDAR Investor Relations / investor.relations@vig.com / www.group.vig Nina Higatzberger-Schwarz Sylvia Hollerer Financial calendar 2026* Tel. +43 50 390-21920 Tel. +43 50 390-21919 Date Event nina.higatzberger@vig.com sylvia.hollerer@vig.com 12 Mar 2026 Preliminary res
Slide 28: Disclaimer
DISCLAIMER IMPORTANT NOTICE These materials are for information purposes only. These materials do not constitute or form part, or all, of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in any jurisdiction in which such solicita
Slide 29: VIG Vienna Insurance Group
VIG* VIENNA INSURANCE GROUP Protecting what matters.
Vienna Insurance Group — 9M 2025 Earnings Presentation on 6ix