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Union VIG

VIG groupHungaryunion.hu ↗#5 of 25 in Hungary, FY 2025
Updated 11 Nov 2026
Sources and updates
Source
MABISZ quarterly report; lines, solvency and claims from each insurer's SFCR
Latest figures
FY 2025, H1 2026
Next update
Jan–Sep 2026, around December 2026

Sources for HungaryWhat changed

Compare with nearest rivals →Compare →
Share
Premium
€347m
6.8% of Hungary
Growth
+10.5%
FY 2025 vs 2024, in HUF · market +14.9%
Life share
44%
44% national · 38% Solvency II life line
Capital cover
165%
SCR ratio · €159m held vs €96m required
Claims and costs
98%
combined ratio after reinsurance · gross 341%: accepted reinsurance, almost fully retroceded · market 87%
In shortNumber 5 of 25 in Hungary with 6.8% of premium, growing slower than the market. Strongest in Health, with 14.0% of the line. Its non-life business made money on underwriting, with a combined ratio of 98% after reinsurance against 87% for the market; the gross 341% reflects accepted reinsurance, almost fully retroceded. It holds 1.7 times the capital it must hold.

Latest resultsH1 2026, year to date: €222m of premium, +11.4% on H1 2025 (market +2.6%); share 7.3% (+0.6 pp), #5 of 25. More

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Union VIG's line mix, and where it stands among the 25 insurers in Hungary on each measure, FY 2025.

Line mix
Life38%
Motor TPL18%
Property17%
Health10%
Accident6%
Casco6%
Other non-life3%
Liability2%
Size#5 of 25 by premium
€347m
larger than 83%median €107m
GrowthFY 2025 against 2024, in HUF
+10.5%
ahead of 50%median +10.5%
Claims and costsnon-life combined ratio, after reinsurance
98%
better than 19%median 91%
Capital coverSCR ratio: own funds ÷ SCR
165%
ahead of 9%median 201%
Return on equitynet profit ÷ average equity
5.8%
ahead of 11%median 25.0%

Each bar runs from the weakest to the strongest of the insurers in Hungary with that figure in FY 2025; the dot is this insurer, the tick in the middle the median. Combined ratios as shown across the site: after reinsurance where published, else gross. The rose: each petal's area is the line's share of written premium; the dashed ring is a quarter.

Premium and market share

Market share against the nearest rivals

By year

Insurer20212022202320242025
Groupama10.1%10.5%11.6%12.4%13.3%
Alfa VIG10.6%10.9%11.8%11.8%11.3%
Union VIG8.5%8.3%7.4%7.0%6.8%
UNIQA5.9%5.9%6.3%6.6%6.5%
K&H4.8%4.9%5.8%5.7%5.7%

Lines and claims

Written premium by line with ratios after reinsurance for the year selected (gross, marked, where the insurer gives no net figures for a line); the market figure on the same basis sits under each ratio.

All figures

Savings and protection in life

Life premium by kind

Solvency

DetailsCapital in detailOwn funds against the capital requirement, and the risks it covers

Capital at year end

Capital cover

    Also in the VIG group

    36 companies in 18 markets · €9.28bn premium, latest year

    All 36 on the VIG page →

    Also in Bulgaria · €364mLatvia · €254mSerbia · €169mCroatia · €167mEstonia · €110mAlbania · €55mSlovenia · €54mBosnia and Herzegovina · €52mNorth Macedonia · €47mMoldova · €21mKosovo* · €15mMontenegro · €14m

    Company details

    Legal name
    UNION VIENNA INSURANCE GROUP BIZTOSÍTÓ ZRT.
    Registered seat
    Budapest, Hungary
    Website
    union.hu
    LEI
    549300TOYUBF02YGV429

    Legal name, seat and LEI from the Global LEI Index (GLEIF); website from the company's own reports or the supervisor's register, checked 20 Oct 2026.

    Questions about Union VIG

    Short answers from the figures on this page.

    What is Union VIG's market share in Hungary?

    Union VIG wrote €347m of premium in FY 2025, 6.8% of all premium in Hungary, ranking #5 of 25 insurers; its premium grew 10.5% on FY 2024 in HUF.

    Who owns Union VIG?

    Union VIG is part of the VIG group, which has 36 companies in all 18 markets on Polisa (FY 2025).

    What does Union VIG sell?

    Union VIG is a composite insurer; its largest lines in FY 2025 are life insurance (37.8% of its premium), motor TPL (18.4%) and property (17.3%).

    Is Union VIG well capitalised?

    Union VIG's SCR ratio was 165% at 31 December 2025: it held 1.7 times the capital Solvency II requires, against a median of 201% for the insurers in Hungary.

    Is Union VIG profitable?

    Union VIG made a net profit of €1.82m in FY 2025, a return on equity of 5.8%; its non-life combined ratio was 98% after reinsurance.

    Is Union VIG growing?

    Union VIG's premium grew 10.5% in HUF in FY 2025, slower than the market in Hungary (+14.9%).

    Sources for this page

    Premium: MABISZ (Association of Hungarian Insurance Companies), quarterly report for Q4, per member: total, life, non-life and motor TPL (kgfb). Other lines, claims, expenses and solvency: the insurer's SFCR for FY 2025, templates S.05.01 and S.23.01; claims, expenses and solvency for FY 2021–2024 from the SFCRs of those years. How these numbers are built.

    Spotted a wrong figure? Tell us and include the source.

    CiteCite this pageThe reference in APA style and as BibTeX, each with a copy button, and the terms of reuse

    Polisa compiles the figures; the original sources are named on this page and on the method page.

    APA

    Polisa. (2026). Union VIG (Hungary): premium, market share, lines, solvency and claims [Data version 2026-11-11.13378f]. Retrieved November 11, 2026, from https://polisapro.com/insurers/hu-union-vig

    BibTeXShow entry
    Entry for a .bib file
    @misc{polisa_insurers_hu_union_vig_2026,
      author       = {{Polisa}},
      title        = {Union VIG (Hungary): premium, market share, lines, solvency and claims},
      year         = {2026},
      version      = {2026-11-11.13378f},
      howpublished = {\url{https://polisapro.com/insurers/hu-union-vig}},
      note         = {Accessed 11 November 2026}
    }

    Reuse: Polisa's compilation CC BY 4.0 · source data: MABISZ (written consent only, no commercial use), MNB (free with credit, unchanged), e-beszámoló (public filings, single figures), insurers' SFCRs (public disclosures, linked).