Vienna Insurance Group (VIG) has detailed its next three-year strategy, evolve28, setting out new quantitative targets and priorities for the period through 2028. 

The targets focus on expansion in central and eastern Europe and introduce updated benchmarks to guide the company over the next three years. 

The strategy follows VIG’s earlier outlook upgrade for the full year 2025.  

For the first nine months of 2025 (9M 2025), VIG reported a group result before taxes of €873m, an increase of more than 30% from the previous year.  

Based on the 9M 2025 group result, the range for 2025 profit before taxes has been raised to €1.1bn–€1.15bn.  

The 2028 targets, set without factoring in the proposed acquisition of Nürnberger Beteiligungs-AG, include gross written premiums (GWPs) of at least €20bn – a 23% increase over the 2025 forecast.  

For 2028, profit before taxes is targeted at no less than €1.5bn, a 30% increase from the expected level in 2025.  

The net combined ratio for 2028 is set at a maximum of 91%, while operating return on equity is set at a minimum of 17%.  

The solvency ratio in 2028 is projected to remain between 150% and 200%.  

Evolve28’s framework consists of four elements: values & principles, country portfolio & company strategies, group programmes, and CO³ (communication, collaboration, cooperation).  

The values & principles theme defines how VIG positions itself within the insurance sector and serves as a basis for group-wide interaction. 

The five group values are plurality, entrepreneurship, responsibility, excellence and passion. These principles outline the approach of both the holding company and subsidiary collaboration. 

Local strategies from around 50 VIG companies form another part of evolve28.  

Key areas include growing customer numbers, strengthening distribution networks, broadening product offerings, improving internal processes and structures, and focusing on employees as well as corporate culture. 

Five group-wide programmes have also been introduced: sustainability, capital management, banking cooperation, AI and health.  

Each programme will be led by a member of the VIG managing board with involvement from local companies across VIG’s operations. 

The fourth pillar, CO³, aims to improve interaction between companies within VIG.  

VIG CEO Hartwig Löger said: “Our planning provides a very clear picture of the growth trajectory we will pursue over the next three years, and this will be further increased once the regulatory approvals for the Nürnberger acquisition have been obtained.  

“We are driving forward the expansion of our market leadership and plan to significantly grow our premiums and profit while remaining true to our principle of local entrepreneurship.”