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    EQS-Adhoc  105  0 Kommentare 2023 financial year: above-market growth at Gothaer

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    • Gothaer Group reports above-market growth in 2023 financial year.
    • Premium revenues expected to increase by 6.2% to €4.9 billion.
    • Consolidated net income projected to be between €70 and €80 million.

    EQS-Ad-hoc: Gothaer Allgemeine Versicherung AG / Key word(s): Annual Results/Annual Results
    2023 financial year: above-market growth at Gothaer

    12-Dec-2023 / 10:30 CET/CEST
    Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.


    Ad-hoc announcement

    2023 financial year: above-market growth at Gothaer

     Cologne, 12 December 2023 – Group CEO Oliver Schoeller will present the preliminary figures for the current financial year to the press at today’s annual financial statements press conference. The Gothaer Group is expected to report premium revenues of € 4.9 billion – an increase of 6.2 percent compared to the previous year – and growth of 4.9 percentage points above market level.1 The Group’s equity base continued to gain in strength in an inflationary and recessionary framework during 2023 and it is expected to increase to around € 1.58 billion by the end of the year (previous year: € 1.50 billion).  Consolidated net income for the year is expected to be between € 70 and € 80 million. Premium revenues in the corporate client segment are set to rise by 9.5 percent, thereby further strengthening Gothaer's position as a leading partner to SMEs.

    Gross premiums written by Gothaer Allgemeine Versicherung AG are projected at € 2.4 billion, which is 10.2 percent above the 2022 level and significantly above market. New business growth of 9.2 percent from € 94 million in the previous year to € 103 million is expected.

    The international rating agency Standard & Poor’s Global Ratings reconfirmed the Gothaer Group’s rating at the mid-November 2023 despite a problematic market environment: Gothaer Allgemeine Versicherung AG, Gothaer Lebensversicherung AG and Gothaer Krankenversicherung AG all have an ‘A’ rating with a ‘stable’ outlook.

     

     

     

     

     

    Your contact

    Ulrich Otto

    Corporate Communications

    Phone: +49 (0) 221/ 308-34614

    Fax: +49 (0) 0221/ 308-34530

    Gothaer Finanzholding AG

    Gothaer Allee 1, 50969 Köln

    Email: ulrich.otto@gothaer.de

     

     

     

     

     

     

     

     

     

     

    1 GDV extrapolation – as at 24 November 2023.



    End of Inside Information

    12-Dec-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.eqs-news.com


    Language: English
    Company: Gothaer Allgemeine Versicherung AG
    Gothaer Allee 1
    50969 Köln
    Germany
    Phone: +49 (0)221-308-34531
    Fax: +49 (0)221-308-34530
    Internet: www.gothaer.de
    ISIN: DE000A168478
    WKN: A16847
    Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
    EQS News ID: 1794587

     
    End of Announcement EQS News Service

    1794587  12-Dec-2023 CET/CEST

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    EQS-Adhoc 2023 financial year: above-market growth at Gothaer EQS-Ad-hoc: Gothaer Allgemeine Versicherung AG / Key word(s): Annual Results/Annual Results 2023 financial year: above-market growth at Gothaer 12-Dec-2023 / 10:30 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the …