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Compensa VIG (branch)

VIG groupLatviacompensa.lv ↗#3 of 17 in Latvia, FY 2025
Updated 11 Nov 2026
Sources and updates
Source
Latvijas Banka quarterly reports by insurer, with lines, solvency and profit; claims ratios from each Latvian insurer's SFCR
Latest figures
FY 2025, H1 2026
Next update
Jan–Sep 2026, around December 2026

Sources for LatviaWhat changed

Compare with nearest rivals →Compare →
Share
Premium
€92m
10.8% of Latvia
Growth
+7.0%
FY 2025 vs 2024, in EUR · market +4.1%
Life share
0%
of own premium
Capital cover
—
Branch: reported by the parent company
Claims and costs
≈95%
combined ratio after reinsurance, estimated · gross 86% · market 92%
In shortNumber 3 of 17 in Latvia with 10.8% of premium, growing faster than the market. Strongest in Credit & surety, with 18.3% of the line. Its non-life business made money on underwriting, with a combined ratio of about 95% after reinsurance against 92% for the market. It paid €56m in claims, €61 for every €100 of its premium.

Latest resultsH1 2026, year to date: €56m of premium, +14.9% on H1 2025 (market +7.7%); share 11.9% (+0.7 pp), #3 of 17. More

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Compensa VIG (branch)'s line mix, and where it stands among the 17 insurers in Latvia on each measure, FY 2025.

Line mix
Health32%
Property24%
Casco16%
Motor TPL14%
Liability4%
Credit & surety3%
Other non-life3%
Accident3%
Size#3 of 17 by premium
€92m
larger than 88%median €47m
GrowthFY 2025 against 2024, in EUR
+7.0%
ahead of 67%median +2.6%
Claims and costsnon-life combined ratio, after reinsurance, estimated
≈95%
better than 29%median ≈91%
Capital cover
— a branch: no solvency ratio of its own
Return on equity
— no profit or equity figures

Each bar runs from the weakest to the strongest of the insurers in Latvia 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
Balta19.7%21.3%22.5%22.5%23.3%
BTA Baltic Insurance Company13.6%13.4%12.9%12.5%12.4%
Compensa VIG (branch)8.9%9.7%10.3%10.5%10.8%
If P&C Insurance AS (branch)5.8%7.1%7.2%7.2%6.7%
Swedbank P&C (branch)4.3%4.8%5.5%5.9%6.1%

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

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 Lithuania · €510mBulgaria · €364mSerbia · €169mCroatia · €167mEstonia · €110mAlbania · €55mSlovenia · €54mBosnia and Herzegovina · €52mNorth Macedonia · €47mMoldova · €21mKosovo* · €15mMontenegro · €14m

    Company details

    Legal name
    "Compensa Vienna Insurance Group" ADB Latvijas filiāle
    Registered seat
    Riga, Latvia
    Website
    compensa.lv
    LEI
    5299004M3VEI7YA7QZ81
    Employees
    347 (Q3 2026)
    Premium per employee
    €265k (FY 2025; median for non-life insurers in Latvia: €231k; all insurers)

    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 Compensa VIG (branch)

    Short answers from the figures on this page.

    What is the market share of Compensa VIG (branch) in Latvia?

    Compensa VIG (branch) wrote €91.8m of premium in FY 2025, 10.8% of all premium in Latvia, ranking #3 of 17 insurers; its premium grew 7.0% on FY 2024.

    Who owns Compensa VIG (branch)?

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

    What does Compensa VIG (branch) sell?

    Compensa VIG (branch) is a non-life insurer; its largest lines in FY 2025 are health (32.1% of its premium), property (24.4%) and casco (16.1%).

    Is Compensa VIG (branch) growing?

    The premium of Compensa VIG (branch) grew 7.0% in FY 2025, faster than the market in Latvia (+4.1%).

    Sources for this page

    Premium, lines, claims paid, solvency (Solvency II own funds and SCR) and profit: Latvijas Banka, public quarterly reports by insurer (Publiskie ceturkšņa pārskati apdrošinātāju dalījumā). Earned premium, claims incurred and expenses (S.05.01): each domestic insurer's SFCR, FY 2021–2025, scaled to its Latvian business with the per-country template. 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). Compensa VIG (branch) (Latvia): premium, market share, lines, solvency and claims [Data version 2026-11-11.13378f]. Retrieved November 11, 2026, from https://polisapro.com/insurers/lv-compensa-vig-branch

    BibTeXShow entry
    Entry for a .bib file
    @misc{polisa_insurers_lv_compensa_vig_branch_2026,
      author       = {{Polisa}},
      title        = {Compensa VIG (branch) (Latvia): premium, market share, lines, solvency and claims},
      year         = {2026},
      version      = {2026-11-11.13378f},
      howpublished = {\url{https://polisapro.com/insurers/lv-compensa-vig-branch}},
      note         = {Accessed 11 November 2026}
    }

    Reuse: Polisa's compilation CC BY 4.0 · source data: Latvijas Banka (free with credit, undistorted), State Revenue Service (CC0), insurers' SFCRs (public disclosures, linked).