- CEO
- Hartwig Loger
- Full Time Employees
- 33,279
- Sector
- Financial Services
- Industry
- Insurance - Diversified
- Address
- Schottenring 30 Vienna WI Austria 1010
- IPO Date
- Mar 4, 2011
- Business
- Vienna Insurance Group AG (VNRFY) operates as the leading insurance group in Central and Eastern Europe, providing life, health, property and casualty insurance products including medical expense, income protection, worker's compensation, motor vehicle liability, motor own damage, other motor, marine, aviation, transport, fire and other damage to property, general liability, credit and suretyship, legal expenses, assistance, miscellaneous financial losses, and reinsurance products such as treaty and facultative reinsurance; it also offers pension fund services through more than 50 companies serving around 33 million customers. Founded in 1824 with roots in predecessor companies including the Wechselseitige k.k. privilegierte Brandschaden Versicherungs-Anstalt, the company is headquartered in Vienna, Austria's Ringturm at Schottenring 30, and maintains a decentralized multi-brand structure with operations in 30 countries across Austria, Central and Eastern Europe (such as Czech Republic, Poland, Hungary, Romania, Slovakia, Croatia, Bulgaria, Ukraine, Baltic states, Balkans, Turkey, Georgia, Belarus, Moldova, Albania), Germany, Liechtenstein, Italy, Slovenia, and branches in France, Northern Europe; it functions as a subsidiary of Wiener Städtische Wechselseitige Versicherungsverein - Vermögensverwaltung - Vienna Insurance Group, which holds a majority stake. Recent developments include signing a Business Combination Agreement in October 2025 to acquire NÜRNBERGER Beteiligungs-AG through a voluntary public purchase offer of EUR 120 per share to diversify into the German market and support NÜRNBERGER's transformation into a prevention-focused biometric products provider while preserving its brand; launching the evolve28 strategic program in December 2025 with 2028 targets of at least EUR 20 billion in gross written premiums, EUR 1.5 billion profit before taxes, net combined ratio maximum 91%, operating return on equity at least 17%, and solvency ratio 150-200%, alongside five Group-wide initiatives in sustainability, capital management, banking cooperation, artificial intelligence, and health; expansions in Albania with non-life and life insurance additions, a stake in Polish financial broker Finanze, and a bid for Moldovan non-life insurer Moltosik; and issuances like a Tier 2 sustainability bond.