The Group Functions reportable segment includes VIG Holding (including the branches in Northern Europe), VIG Re (including the branches in Germany and France), Wiener Re, VIG Fund, corporate IT service providers, one asset management company and intermediate holding companies. VIG Holding primarily focuses on managerial tasks for the Group. It also operates as the reinsurer for the Group as well as in the international corporate business.
VIG Re, a reinsurance company established in Prague in 2008, offers tailored reinsurance solutions to both VIG insurance companies and third parties. With its branches in Germany and France, it is the leading reinsurance company in the CEE region and is continuously expanding its market position in continental Europe. As part of its strategic expansion into Asia, it is planning to establish a branch in Singapore, subject to regulatory approval. At the end of 2025, the rating agency Standard & Poor’s again confirmed the A+ rating of VIG Re and raised the outlook to “positive”.
Financial performance indicators in the reportable segment Group Functions
Insurance service revenue
The insurance service revenue was EUR 1,766.5 million in 2025 and thus below the previous year’s figure by 0.8% (2024: EUR 1,780.9 million). The decline is mainly due to lower intra-Group reinsurance business.
Result before taxes
In 2025, a loss of EUR 27.9 million was reported in the segment Group Functions (profit before taxes in 2024: EUR 21.3 million). The deterioration in the result is mainly due to a decline in the insurance service result following the strengthening of reserves in VIG Holding and VIG Re.
The result before taxes, adjusted for adjustments of EUR 5.4 million (2024: EUR 0.0 million), resulted in a loss in the business operating result of EUR 22.5 million in 2025 (profit in the business operating result in 2024: EUR 21.3 million). The entire adjustment is due to the impairment of customer bases.