Vienna Insurance Grp Ord (VNRGF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the VIG Results for the First Half Year twenty twenty six Conference Call and Live Webcast. I'm Moritz, the Chorus Call operator. I would like to remind you that all participants will be in a listen only mode and the conference is being recorded. The presentation will be followed by a question and answer session. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Peter Hoefinger, Deputy CEO. Please go ahead, sir. Thank you very much. Also from my side, a very warm welcome. Together with me is, Liane Hirne, CFO and Nina Hickelsberger from Investor Relations. We are happy to guide you through our half year results, which I think are pretty positive and a solid set of figures. We have achieved more than CHF 9,000,000,000 gross written premiums, which is a growth of 5.4%, achieving a profit of €640,000,000 which is up around 20% to the comparable period, having a net combined ratio of 91.4%, which is an improvement of 0.5%, even though we had a little bit higher nat cat claims activity. Our solvency ratio stays at two seventy two, including, already Nuremberg, but at a simplified method and having an operating return equity of 17.8%. The next slide, you see our economic environment, which is continuously outperforming the Eurozone. So we have in the European countries, Central Eastern Europe, a GDP growth of 2.2% and in Western Balkans of 2.5%. But also looking forward, the next two years, also here, the forecast is even growing in the GDP growth. On the next slide, we want to illustrate you our robustness of our business model, just showing how we have developed approximately the last twenty years, with different developments at the time, starting with the impact of the global...