Gothaer Group

2015 Financial Year: Gothaer Strengthens Equity Basis and Gains Market Share in Property Insurance

DGAP-Media / 01.06.2016 / 10:30

PRESS RELEASE

2015 Financial Year: Gothaer Strengthens Equity Basis and Gains Market
Share in Property Insurance

- Consolidated profit for the year on the up

- Equity basis again strengthened

- Rating agencies confirm good results

- Roll-out of CRM system on track

Cologne, 1 June 2016 - The Gothaer Group presents sound 2015 figures in a
difficult market environment: its consolidated net profit for the year was
up 14.5% to EUR134 million. Some of the profit was used to strengthen its
equity basis. Group equity grew 3.3% and stood at EUR1,837 million at the
end of 2015. The investment result rose 9.8% to EUR1,213 million. Gross
premiums written, at EUR4.52 billion, remained at the previous year's level
(+0.1%) in 2015.

The Property/Casualty segment grew above the market average. Thanks to a
renewed rise in persons with supplementary insurance, Gothaer
Krankenversicherung is seeing further growth in its supplementary health
insurance business, while the Life Insurance segment posted a decline owing
to the difficult market environment and the deliberately selective
underwriting of single-premium policies.

Gothaer Allgemeine: Property/casualty insurer gains market share
Gross premiums written by Gothaer Allgemeine Versicherung AG, at EUR1,703
million, were up 5.3% on the 2014 level, meaning that Gothaer's property/
casualty insurer again grew above the market (+2.7%) and once more obtained
high growth rates among private clients and corporate customers. "We set
great store by providing comprehensive advice to our private clients and
commercial customers. In 2015, we successfully focused on our commercial
business and expanded our target-group orientation thanks to tailored-to-
suit solutions. We'll go on working on this", reports Thomas Leicht,
Gothaer Allgemeine CEO.

Renewable energies business field still on expansion course
Gothaer Allgemeine has been the leading insurer of windfarms in Germany and
other EU countries for some years now and was able to expand this market
position further in 2015: in the 2015 financial year, it was possible to
increase sales revenue by 8.6% in the wind energy business field and 4.7%
in the photovoltaics business field. Worldwide, Gothaer has insured some
16,500 windfarms, including nearly 15,000 systems in Europe.

Gothaer Leben: Consolidation of business model and realignment initiated
Gross premiums written by Gothaer Lebensversicherung AG in 2015 fell 6.8%
to EUR1,294 million owing to a very difficult market environment and a