Vienna Insurance Group Ag · VIE:VIG
Vienna Insurance — Vienna Insurance Grp Ord — H1 2026 Earnings Presentation
42 slides from Vienna Insurance's earnings presentation, Aug 26, 2026
Slide 1: 6M 2026 results presentation
6M 2026 results presentation Peter Höfinger, Deputy CEO Liane Hirner, CFRO Vienna, 26 August 2026
Slide 2: Agenda
Agenda Highlights Financials Segments Appendix Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 2
Slide 3: Key figures for the half-year 2026
Key figures for the half-year 2026 VIG remains on a profitable growth trajectory Gross written premiums Insurance service revenue Profit before taxes € 9,031.6mn € 6,849.9mn € 641.5mn GWP up by 5.4% Revenue up by 7.1% PBT up by 20.7% 6M 2025: € 8,569.5mn 6M 2025: € 6,396.9mn 6M 2025: € 531.4mn P&C n
Slide 4: CEE continues to prove its resilience
CEE continues to prove its resilience GDP growth forecasts in the region repeatedly outperform Western Europe GDP growth forecast (real change in % against previous year) CEE growth story remains intact Growth across Central, East and Southeast Europe 3.3 (CESEE) remains robust, despite geopolitical
Slide 5: Earnings growth through challenging times
Earnings growth through challenging times VIG has successfully navigated economic, geopolitical, inflationary, natural catastrophe and pandemic events € 1,161mn PBT € 881.8mn 20251: ▪ ~30,000 employees € 518.4mn € 521.6mn € 441.2mn ▪ >50 insurance companies European & pension funds € 155mn cold wave
Slide 6: Earnings growth driven by all segments
Earnings growth driven by all segments Continuously increasing earnings that tripled since 2020 Profit before taxes by segments1 (€ mn) Strong core markets Austria and Czechia continue to grow and remain strongest earning contributors +6% p.a. 434.5 Enhanced resilience Poland, Extended CEE and Speci
Slide 7: Top European primary insurance groups
Top 15 European primary insurance groups VIG as the 3rd fastest growing group in Europe (excl. NÜRNBERGER acquisition) 2025 YoY revenue growth Insurance service revenue 2025 (€ bn) VIG is the market leader in its home region, Central and Aviva 21.2% Allianz 102.8 Eastern Europe (CEE), with a Crédit
Slide 8: Update: NÜRNBERGER acquisition
Update: NÜRNBERGER acquisition Only 7 months from signing to closing Update Current / next steps Following the granting of all regulatory approvals, VIG NÜRNBERGER’s integration processes started completed the acquisition of NÜRNBERGER on 18 May 2026, holding 99.2% of the share capital and voting Sp
Slide 9: Agenda
Agenda Highlights Financials Segments Appendix Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 9
Slide 10: Gross written premiums up by 5.4% to € 9.0bn
Gross written premiums up by 5.4% to € 9.0bn Gross written premiums by segments; 6M 2026 (€ mn) +6.4% +3.6% 4,873.2 4,742.0 3,751.2 3,644.5 2,807.6 +8.1% 2,709.1 2,629.4 2,559.8 2,470.1 +8.3% 1,935.8 -1.6% 1,832.4 1,673.6 1,587.3 1,399.0 1,391.8 1,322.6 1,294.4 1,186.4 915.8 991.8 714.0 817.2 803.8
Slide 11: Group income statement
Group income statement 6M 2026 (€ mn) 6M 2026 6M 2025 +/- % Insurance service revenue up by € 453.0mn driven by Insurance service result 719.4 696.1 3.3 growth especially in Czechia, Austria, Türkiye, Hungary, Insurance service revenue - issued business 6,849.9 6,396.9 7.1 Poland, Romania, Slovakia
Slide 12: Insurance service revenue up by 7.1% to € 6.8bn
Insurance service revenue up by 7.1% to € 6.8bn Insurance service revenue by segments; 6M 2026 (€ mn) 1,831.5 Austria: Insurance service revenue grew by € 65.2mn Austria +3.6% driven by non-life and health insurance 1,896.7 Czechia: Strong revenue growth of € 95.3mn based on 1,098.2 the positive per
Slide 13: Solid growth across all lines of business
Solid growth across all lines of business Insurance service revenue by lines of business, incl. Group Functions; 6M 2026 (€ mn) MTPL Casco Other property Insurance service revenue +7.1% 6M 2025 1,241.1 1,048.6 3,206.3 6,849.9 6,396.9 486.0 +5.6% +6.2% +6.6% 411.0 461.0 456.4 67.3 60.8 573.2 6M 2026
Slide 14: Result before taxes of € 641.5mn up by 20.7%
Result before taxes of € 641.5mn up by 20.7% Result before taxes by segments; 6M 2026 (€ mn) 204.6 Austria: Result up by € 22.9mn mainly attributable to Austria +11.2% the the positive performance of the total capital investment 227.5 result in life, driven by the favourable yield curve developments
Slide 15: P&C net combined ratio improved to 91.4%
P&C net combined ratio improved to 91.4% Discounting impact on claims ratio in 6M 2026 of 3.6% Net insurance service expenses of € 4,404.4mn (6M25: € 4,170.8mn) / Net insurance service revenue of € 4,821.2mn (6M25: € 4,536.7mn) Improvement of the combined ratio supported by a lower overall claims bu
Slide 16: L/H contractual service margin & new business
L/H contractual service margin & new business 6M 2026 Life/Health CSM roll-forward (€ mn) +1.3% CSM New Business 86 1 41 € 252mn 4 -299 252 6,307 PV NB premiums 6,223 € 2,797mn CSM net New Business CSM interest Changes in Other changes FX effect CSM release CSM net 01/01/2026 accretion Variable Fee
Slide 17: Total capital investment result
Total capital investment result 6M 2026 (€ mn) 6M 2026 6M 2025 +/-% Total capital investment result up by Total capital investment result 373.5 295.6 26.4 € 77.9mn mainly driven by higher interest Investment result 1,696.6 991.0 71.2 rates in the bond market Interest revenue using the effective inte
Slide 18: Investment split
Investment split Conservative and stable investment strategy Investment split Bond portfolio by rating1 0.8% 31/12/2025 13.9% 23.1% 37.5% 19.0% 6.5% 3.4% 5.0% 7.3% 30/06/2026 13.5% 22.6% 38.6% 19.1% 6.2% 1.8% AAA AA A BBB Other 9.5% € 39.1bn 30/06/2026 Bond portfolio by issuer 72.2% 31/12/2025 57.4%
Slide 19: Solvency II ratio
Solvency II ratio VIG Group’s Solvency position including and excluding transitional measures Solvency II ratio Solvency II ratio including transitional measures excluding transitional measures 272% 258% 13,404.5 12,757.0 4,931.0 4,938.5 30/06/2026 30/06/2026 Solvency calculation as of 30/06/2026 in
Slide 20: Executive summary & outlook
Executive summary & outlook VIG well on track at half-year 2026 Guidance for 2026 affirmed Good gross written premiums development, with Poland (+8.3%), Czechia (+8.1%) and Extended CEE (+6.4%) outperforming VIG’s overall premium growth of 5.4% Slight decrease in Special Markets (-1.6%) driven by Tü
Slide 21: Agenda
Agenda Highlights Financials Segments Appendix Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 21
Slide 22: Austria
Austria Insurance service revenue € mn 6M 2026 6M 2025 +/- % +3.6% GWP of € 2,807.6mn (+3.6%) Insurance service result 236.4 231.0 2.3 1,896.7 Insurance service revenue grew by 1,831.5 16.9 Insurance service revenue - issued business 1,896.7 1,831.5 3.6 13.1 193.3 Insurance service expenses - issued
Slide 23: Czechia
Czechia Insurance service revenue € mn 6M 2026 6M 2025 +/- % +8.7% GWP of € 1,399.0mn (+8.1%) Insurance service result 137.9 159.9 -13.8 1,193.6 Insurance service revenue - issued business 1,193.6 1,098.2 8.7 Strong insurance service revenue 1,098.2 Insurance service expenses - issued business -971.
Slide 24: Poland
Poland Insurance service revenue € mn 6M 2026 6M 2025 +/- % +4.5% GWP of € 991.8mn (+8.3%) Insurance service result 62.3 79.0 -21.1 759.6 Insurance service revenue - issued business 759.6 726.6 4.5 Insurance service revenue increase by 726.6 54.9 € 32.9mn driven by sustained growth in 8.7 Insurance
Slide 25: Extended CEE
Extended CEE Insurance service revenue € mn 6M 2026 6M 2025 +/- % +9.2% GWP of € 2,629.4mn (+6.4%) Insurance service result 171.3 149.0 15.0 2,053.7 Insurance service revenue - issued business 2,053.7 1,880.3 9.2 Insurance service revenue up by 1,880.3 133.7 Insurance service expenses - issued busin
Slide 26: Special Markets
Special Markets Insurance service revenue € mn 6M 2026 6M 2025 +/- % +10.9% GWP of € 803.8mn (-1.6%) Insurance service result 0.9 15.8 -94.3 622.3 Insurance service revenue - issued business 622.3 561.2 10.9 Robust increase of the insurance 55.5 Insurance service expenses - issued business -523.5 -4
Slide 27: Group Functions
Group Functions Insurance service revenue € mn 6M 2026 6M 2025 +/- % +6.0% GWP of € 1,880.1mn (+5.0%) Insurance service result 110.7 61.4 80.3 904.1 Insurance service revenue - issued business 904.1 853.1 6.0 Insurance service revenue growth by 853.1 33.1 € 51.1mn mainly driven by increases in 0.1 1
Slide 28: Agenda
Agenda Highlights Financials Segments Appendix Please note that rounding differences may occur Gross written premiums are not part of IFRS 17/9 reporting 28
Slide 29: Portfolio diversification
Portfolio diversification Gross written premiums Insurance service revenue Profit before taxes Special Special Special Markets Markets Markets 9% 10% 8% Austria Austria 29% Austria 33% 36% Extended Extended GWP Extended ISR CEE 31% PBT CEE 30% 6M 2026 CEE 31% 6M 2026 6M 2026 18% 16% 11% Czechia 9% 1
Slide 30: Segment overview
Segment overview Gross written premiums Insurance service revenue Result before taxes P&C net combined ratio in € mn in € mn in € mn in % 6M 2026 6M 2025 +/- % 6M 2026 6M 2025 +/- % 6M 2026 6M 2025 +/- % 6M 2026 6M 2025 +/- pp Austria 2,807.6 2,709.1 3.6 1,896.7 1,831.5 3.6 227.5 204.6 11.2 90.6 90.
Slide 31: Group balance sheet
Group balance sheet € mn 30/06/2026 31/12/2025 +/- % Cash and cash equivalents 1,529.4 1,368.4 11.8 Financial assets 44,190.9 42,490.2 4.0 Receivables 729.7 616.1 18.4 Assets and disposal groups classified as held for sale 0.0 28.7 - Current tax assets 277.6 258.1 7.6 Investments in associates and j
Slide 32: Equity development
Equity development Change in consolidated Shareholders’ Equity (€ mn) +3.7% 17 -23 3 -239 7,605 485 30 7,331 Equity as of Result for Hyperinflation Currency reserves Unrealised gains Dividend payment Other Equity as of 01/01/2026 the period effects and losses 30/06/2026 32 Appendix
Slide 33: VIG Group own funds development
VIG Group own funds development 30/06/2026(€ mn) +11.7% 13,404 964 -42 -186 673 11,995 Own funds Operating earnings1 Market impact2 Capital management Taxes / Other4 Own funds as of 01/01/2026 actions3 as of 30/06/2026 1 IFRS Income Statement excl. FX-income/expenses and impairment of goodwill and i
Slide 34: Additional figures
Additional figures Operating Return on Equity € mn 30/06/2026 31/12/2025 31/12/20241 Shareholders’s equity 7,604.8 7,331.4 6,558.9 Unrealised gains and losses recognised in equity1 -259.2 -255.9 -195.7 Adjusted shareholders’ equity 7,345.6 7,075.5 6,363.2 Average adjusted shareholders’ equity 7,210.
Slide 35: Experienced Managing Board
Experienced Managing Board Extensive experience in insurance industry & specific country responsibilities Hartwig Peter Gerhard Höfinger Lahner Liane Löger Hirner 1st Deputy CEO, CEO, 2nd Deputy CEO, COO, 1st Deputy Chairman CFRO, Chairman of the 2nd Deputy Chairman of the Managing Member of the Man
Slide 36: Key investment proposition
Key investment proposition How investors benefit from VIG’s unique market position and business approach Market leader in CEE with growth prospects Decentralised business model Attractive risk/reward profile in a growth region Agile, future-oriented operations in a dynamic environment Investments to
Slide 37: VIG share (I)
VIG share (I) Number of common shares: 128,000,000 | ISIN: AT0000908504 General information Analyst recommendations (as of Aug 2026) Listings Ticker Major indices BUY Vienna Stock Exchanges: VIG ATX 3 Prague Bloomberg: VIG AV / VIG CP / VIG XH ATX Prime Budapest Reuters: VIGR.VI / VIGR.PR / VIGR.H P
Slide 38: VIG share (II)
VIG share (II) Shareholder structure Free float split by region1 Continental Europe 31% Austria 27% ~72% Wiener Städtische ~28% North America 25% Versicherungsverein Free float (Mutual) UK & Ireland 15% Other 2% 1 Split of identified shares (Source: S&P Global, May 2026) 38 Appendix
Slide 39: We are Number 1 in Central and Eastern Europe
39 SIGMA. VIG WIENER STADTISCHE @lonav kynana dl WIENER OSIGURANJE Yen We are Number 1 in Central and Eastern Europe Appendix Bosnia Herzegovina sons vs cei euisreaD SIGMA! WINNER pot sutsT®@ 40 ee) een COMPENSA dt Seesam Slovenia aad WIENER: WIENER SE Ed Ed = TREE VIENNA-LIFE CCOMPENSA di TE) inter
Slide 40: Contact details
Contact details Investor Relations Financial calendar 20261 Nina Higatzberger-Schwarz Date Event Sylvia Hollerer Phone: +43 50 390-21920 Phone: +43 50 390-21919 12 Mar 2026 Preliminary results for the financial year 2025 nina.higatzberger@vig.com sylvia.hollerer@vig.com 28 Apr 2026 Results and Group
Slide 41: 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 42: Vienna Insurance Group
VIG* VIENNA INSURANCE GROUP Vienna Insurance Group
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