Gothaer Group

2015 Financial Year: Gothaer Strengthens Equity Basis and Gains Market Share in Property Insurance - Seite 2

deliberate decision to selectively underwrite single-premium policies. At a
very early stage, the Company had focused its product development on the
promising, strategic business fields 'company pension schemes', 'unit-
linked pension plans' and 'biometric solutions'. "We'll be pursuing this
path systematically and are working flat out on adapting our business model
accordingly", says Michael Kurtenbach, CEO of Gothaer Lebensversicherung AG
and Gothaer Krankenversicherung AG. "Here, the Biometrics and Pension-Plan
units are and remain our core business fields. At the start of 2016, we
launched our new, multi-channel-capable term life insurance products. Our
new future-provision products with changed guarantees are to be launched
shortly", continues Kurtenbach, discussing the 2016 product innovations.

Gothaer Kranken: Strong growth in supplementary insurance
Gross premiums written by Gothaer Krankenversicherung AG climbed 3.6% to
EUR913 million. The number of persons with supplementary insurance grew
further and stood at some 434,000 insured clients at the end of the year -
equivalent to a 2.6% rise and growth above the market. "In 2016, our
digitization offensive is going into the second round", says Kurtenbach.
"We will be expanding our RechnungsApp (invoice app) - very popular with
our clients - to include an Android version, and have launched an e-
signature solution in the area of supplementary insurance. In addition, we
have entered into cooperation schemes with start-ups to be able to help our
customers with serious illnesses, like tinnitus and diabetes, even more
comprehensively, better and faster using eHealth Services", says
Kurtenbach, summing up the focuses for the year 2016.

Rating agencies confirm good results
On 15 April 2016, the international rating agency Fitch Ratings again
confirmed the rating results for Gothaer Allgemeine Versicherung AG and
Gothaer Lebensversicherung AG. The companies are still 'A'-rated and the
ratings' outlook is stable. "The renewed confirmation of our rating results
by Fitch Ratings shows the sound position of the Gothaer Group. It is
precisely the Group's broad-based positioning with a strong property/
casualty insurer that is an enormous added value in the current environment
of low interest rates", says Dr. Karsten Eichmann, Gothaer Group CEO.

S&P (04.12.2015) Fitch (15.04.2016)
Gothaer Allgemeine A- A
Gothaer Leben A- A
Gothaer Kranken A-


Investment: Expansion of the asset classes real property and renewable