EQS-News

DFV Deutsche Familienversicherung AG: Profitability target exceeded and significant growth again

EQS-News: DFV Deutsche Familienversicherung AG / Key word(s): Preliminary Results/Annual Results DFV Deutsche Familienversicherung AG: Profitability target exceeded and significant growth again (news with additional features) 16.02.2023 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News

Preliminary figures 2022

Deutsche Familienversicherung: Profitability target exceeded and significant growth again
 

• Growth of gross premium income by 18 %, net by 34 %
• Cost efficiency is also advancing in distribution
• Implementation of measures to increase operational efficiency
• Reduction of the expense ratio from 48 % (2021) to 31 % (2022)
• Pre-tax consolidated net income 2022 of € 1.7 million (plan: € 0-1 million)

Frankfurt am Main, 16. Februar 2023 – DFV Deutsche Familienversicherung AG (“DFV“, “Deutsche Familienversicherung“), a digital insurer and leading InsurTech company in Europe, continues to grow profitably despite ongoing crises, consistently high inflation rates and war in Europe. The InsurTech is again realising strong growth in 2022 and has achieved positive operating profitability for the first time since the IPO, with consolidated earnings before taxes of €1.7 million.

"Our response to crisis and war was the declared goal of profitability. In 2022, we succeeded in doing so while continuing to grow at an above-average rate. This proves that our digital business model works and is resistant to crisis in the long term, just like the company itself," comments Dr Stefan Knoll, CEO and founder of Deutsche Familienversicherung.

Again strong growth in gross premium income

Gross written premiums grow by 18 % to € 184 million, including the reinsurance business taken up in 2021. In primary insurance, the volume of new business (regular premiums for one year) was in line with expectations at € 17 million.  Business development in active reinsurance was also according to plan with new business of € 18 million. The net growth in premiums was even more pronounced at 34 %.