DGAP-News

Deutsche Familienversicherung reaches profit zone with 37% growth

DGAP-News: DFV Deutsche Familienversicherung AG / Key word(s): Quarterly / Interim Statement/Quarter Results Deutsche Familienversicherung reaches profit zone with 37% growth (news with additional features) 18.05.2022 / 08:00 The issuer is solely responsible for the content of this announcement. Corporate News

Q1 2022 - Interim Statement

Deutsche Familienversicherung reaches profit zone with 37% growth

- Premium income growth of 37% in the first quarter of 2022

- Cost savings and efficiency gains through higher scaled business model

- Further innovations in products and processes initiated

- Significant improvement in Group profit before tax to EUR 1.4 million
(previous year: EUR -0.1 million)

- Outlook 2022 confirmed: reaching the profit zone with significant growth in premium income expected

Frankfurt am Main, 18 May 2022 – DFV Deutsche Familienversicherung AG ("DFV", "Deutsche Familienversicherung"), a digital insurer and leading InsurTech company in Europe, has again posted significant growth and improved earnings in the first quarter of 2022. In the period from January to March, the company achieved a 37% increase in premium income compared to the same quarter of the previous year. In terms of consolidated earnings before taxes, DFV recorded a significant improvement to EUR 1.4 million from EUR -0.1 million in the previous year.

"In the first quarter of 2022, our sales department is working scalable and profitable again. The measures implemented since February are taking effect and DFV's financials show the efficiency of our sales processes as well as the economies of scale that are starting to take effect. With the significant improvement in earnings, we are well on our way to becoming profitable again in 2022, for the first time since 2017," commented Dr Stefan Knoll, CEO and founder of Deutsche Familienversicherung.