Polish Insurance Market
The five largest insurance groups in the country wrote approximately 79% of the gross written premiums in the first three quarters of 2025. The three largest insurance groups contributed approximately 63%.
Market development 1st to 3rd quarter 2025 compared to the previous year
9M 2025 figures
In the 1st to 3rd quarter 2025 the Polish insurance market generated PLN 66.0 billion and thus an increase of 4.3% year-on-year. The increase is attributable to the good development of both the non-life insurance (+4.6%) and also life insurance (+3.5%).
The motor insurance recorded growth in the 1st to 3rd quarter 2025: motor third party liability insurance increased by 8.8% compared to the same period in the previous year partly due in part to the increase in average premiums (+4.0%). The premiums in motor own damage insurance (Casco) increased by 5.2%, which can be partly attributed to the increased number of contracts (+5.4%). The non-motor lines of business grew moderately by 1.8%, with legal expenses insurance (+16.2%) and assistance (+15.1%) recording double-digit increases. Following the significant increase over the past two years, premium income from health insurance products in non-life insurance declined slightly by 1.1% compared to the same period in the previous year.
Life insurance recorded an increase of 3.5% year-on-year in the 1st to 3rd quarter 2025. This is mainly due to the positive development of life insurance with regular premiums, which increased by 6.5% in the first nine months of 2025 compared to the same period in the previous year. In contrast, single-premium life insurance recorded a decline of 16.0% in the 1st to 3rd quarter 2025.
The average insurance spending in Poland amounted to EUR 543 per capita in 2024 according to the calculations of the data of the International Monetary Fund (IMF) and Polish financial market authorities. Of which EUR 394 was for non-life insurance and EUR 149 for life insurance.
Market share of the largest insurance groups
Per cent of total premium volume
VIG Companies in Poland
Following the restructuring of its market presence in 2024, VIG Insurance Group is represented on the Polish market by Compensa Non-Life, the digital insurer Beesafe, InterRisk, the life insurer Vienna Life and the pension fund Vienna PTE. Since 2019, InterRisk has held a stake in the mutual insurance association TUW “TUW”.
Vienna Insurance Group ranks fourth in the overall market in Poland with a share of 9.1% in the first nine months of 2025. In both the non-life and life segments, it is also ranked fourth among the top insurers.
Financial performance indicators in the reportable segment Poland
Insurance service revenue
The insurance service revenue in 2025 amounted to EUR 1,471.8 million (2024: EUR 1,373.3 million). Compared to the same period in the previous year, this corresponds to an increase of 7.2%. The increase is primarily due to the positive development of other property and casualty insurance and life insurance.
Insurance service revenue by line of business
Result before taxes
In 2025, the result before taxes increased by 62.5% to EUR 105.7 million (2024: EUR 65.1 million). The significant increase compared to the previous year is mainly due to the improvement in the combined ratio.
The result before taxes, adjusted for adjustments of EUR 1.4 million (2024: EUR 0.1 million), resulted in a business operating result of EUR 107.1 million in the segment Poland in 2025 (2024: EUR 65.1 million). The adjustments taken into account resulted from the impairment of customer bases in the amount of EUR 1.4 million.
Net combined ratio
The net combined ratio in 2025 was 91.8% (2024: 95.6%). The improvement in the net combined ratio is due to the positive business development in motor third party liability insurance and other property and casualty insurance, in particular as a result of higher average premiums in household insurance, as well as lower weather-related claims (previous year: storm “Boris”).