Key figures for VIG Insurance Group

Earnings per share

Earnings per share is a key figure that compares the result for the period (less non-controlling interests) to the average number of shares outstanding. The number of shares compared to the previous year remained unchanged.

In 2024 earnings per share were EUR 4.98 (2023: EUR 4.31). The year-on-year increase is therefore 15.6% and reflects the positive business performance.

Operating return on equity (Operating RoE)

Operating return on equity measures the profitability of the insurance group. This ratio is calculated by dividing the business operating result by the average shareholders’ equity less unrealised gains and losses.

As of 31 December 2024, Vienna Insurance Group achieved an operating return on equity of 16.4% (31 December 2023: 15.1%).

Net combined ratio

The calculation of the net combined ratio is the insurance service expenses for issued business less insurance service expenses from reinsurance contracts held divided by the insurance service revenue from issued business less insurance service revenue from reinsurance contracts held in property and casualty insurance.

The net combined ratio in 2024 remained at a solid level, but increased in comparison to the previous year due to an increase in weather-related damage and natural disasters such as storm “Boris” to 93.4% (2023: 92.6%). Vienna Insurance Group’s conservative reinsurance policy significantly reduced the negative impact from storm “Boris”, limiting the impact on the Group accordingly.