2020 at a glance

Special achievements in a special year: In 2020, the VIG Insurance Group successfully managed an exceptional situation while at the same time advancing long-term, strategic developments. The highlights range from the acquisition of the Aegon companies to cooperations with start-ups through to digital innovations. And all of this on the basis of solid key figures and an excellent credit rating.

Highlights 2020

  • Anniversary

    30 years, 30 countries

    30 years ago, Wiener Städtische took the first step to expand into Central and Eastern Europe. VIG Insurance Group now operates in 30 countries. Premium volume has increased more than tenfold since the start of the expansion.

  • Growth

    VIG Insurance Group expands its market leadership in CEE

    VIG Insurance Group signed a share purchase agreement with the Dutch company Aegon N.V. in 2020 to acquire its companies in Hungary, Poland, Romania and Turkey. This will increase the customer base by 4.5 million. The Group will consolidate its leading position in the CEE region and will be No. 1 in Hungary for the first time. The formal closing of the acquisition is expected in the 2nd half of 2021.

  • Personnel changes

    Hartwig Löger joined the VIG Managing Board on 1 January 2021

    Deputy General Manager Franz Fuchs left the Board at the end of June 2020

  • Investments

    More investments
    in green bonds

    VIG Insurance Group considers social and environmental criteria in its investment strategy. The Group held EUR 238.2 million in green bonds at the end of 2020.

All highlights of the financial year

Editorial of CEO Elisabeth Stadler

„We showed that we are resilient and able to withstand unforeseeable events.“

Elisabeth StadlerCEO of VIG Insurance Group


keyfigures 2020


Group premiums (+0.3%)

10 billion threshold exceeded in 2020 in spite of the COVID-19 pandemic.


Result before taxes

Solid result before taxes despite COVID-19-related impairments.


Combined ratio (net)

As a result, the goal of reducing the combined ratio to 95% in the medium term was achieved in 2020.

Dividend per share

238% solvency ratio

VIG Insurance Group therefore continues to have excellent capitalisation.

All keyfigures

VIG Insurance Group

Together, the VIG companies form the leading insurance group in Central and Eastern Europe. VIG Holding is headquartered in Vienna and manages and supports its around 50 insurance companies.

Market positions in Central and Eastern Europe

Number1in CEE

more than
22,000,000 customers

more than 25,000 employees

operating in 30 countries

Company profile Business development by segment