Czech Insurance Market
In the 1st to 3rd quarter of 2025 the insurance market in the Czech Republic was dominated by the top 5 insurance groups, which together held a share of approximately 84% of the total gross written premiums. The two largest insurance groups contributed around 56%.
Market development 1st to 3rd quarter 2025 compared to the previous year
9M 2025 figures
According to the market share analysis of the Czech insurance association ČAP, the Czech insurance market recorded gross written premiums in the amount of CZK 149.9 billion in the 1st to 3rd quarter of 2025 and thus an increase of 7.2% year-on-year. Both life insurance (+4.7%) and non-life insurance (+8.0%) contributed to this growth.
In the motor lines of business the motor own damage insurance had an increase of 7.6% year-on-year. The motor third party liability insurance also developed positively with an increase of 7.7%. Both lines of business benefited from the price development in 2025. The number of newly insured vehicles increased by 5.6% in motor third party liability insurance and declined by 3.8% in motor own damage insurance. In non-motor insurance there was an increase of 9.3% in the 1st to 3rd quarter 2025 partly influenced by the double-digit growth rate in the property insurance.
The growth in life insurance is mainly due to the good performance of single-premium life insurance, which recorded an increase of 11.5%. Private health insurance, which is also classified as life insurance, recorded an increase of 9.8%. Life insurance with profit participation achieved growth of 8.6%.
According to internal calculations based on the data of the International Monetary Fund (IMF) and the Czech Insurance Association, the Czech population spent an average of EUR 764 per capita for insurance premiums in 2024. This amount was divided into EUR 554 for non-life insurance and EUR 210 for life insurance.
Market share of the largest insurance groups
Per cent of total premium volume
VIG Companies in the Czech Republic
Vienna Insurance Group is represented by two companies in the Czech Republic, Kooperativa and ČPP. With a market share of 32.2%, it was the largest insurance group in the Czech Republic in the 1st to 3rd quarter 2025. It was in first place in the market for both life insurance and non-life insurance. The Group’s own reinsurance VIG Re, which has its headquarters in Prague, is assigned to the segment Group Functions.
Financial performance indicators in the reportable segment Czech Republic
Insurance service revenue
The insurance service revenue was EUR 2,278.7 million in 2025 (2024: EUR 2,078.2 million). This corresponds to an increase of 9.6% year-on-year. The basis for this development is the positive performance in motor insurance, other property and casualty insurance, and life insurance.
Insurance service revenue by line of business
Result before taxes
The result before taxes in the segment Czech Republic in 2025 amounted to EUR 285.6 million (2024: EUR 211.1 million). This corresponds to an increase of 35.3% year-on-year. This is primarily due to the improvement in the net combined ratio.
Net combined ratio
The net combined ratio in 2025 was 84.7% (2024: 94.8%). It improved as a result of lower weather-related claims (previous year: storm “Boris”), a positive development in the motor sector and increased profitability in household insurance.