- Growth in insurance revenue of 8 %
- Combined ratio of 96 %
- Group profit before tax of EUR 4.1 million
- Guidance for 2024 confirmed: focus on profitability
DFV Deutsche Familienversicherung AG (“Deutsche Familienversicherung”), the innovative direct insurer from Frankfurt, ended the first half of 2024 with growth in insurance revenue of 8 %. With a combined ratio of 96 %, Deutsche Familienversicherung was once again operationally profitable. Group profit before tax amounted to EUR 4.1 million in the first half of 2024.
“Despite the challenging macroeconomic conditions, we performed well in the first half of 2024 and thus continue to have a solid basis for achieving the targets we have set for 2024,” comments Stefan Knoll, Chairman of the Management Board and founder of Deutsche Familienversicherung.
Combined ratio of 96 %
As a result of the planned increase in acquisition costs due to TV advertising campaigns, the operating result (insurance service result in accordance with IFRS 17) decreased to EUR 2.4 million (H1 2023: EUR 5.0 million). This development is to be dampened by a reduction in campaigns in the second half of 2024. The combined ratio increased to 96.5 % in the first half of 2024 (H1 2023: 92.0 %). At 61.0 %, the claims ratio remains within the target range defined by the company. The administrative expense ratio fell again slightly to 18.2 % (H1 2023: 18.5 %). The continued cost discipline is noticeable here.
Positive earnings performance
Despite the macroeconomic environment which continues to be characterised by war and crisis, Deutsche Familienversicherung achieved a group profit before tax of EUR 4.1 million in the first six months of 2024, a slight improvement year-over-year (H1 2023: EUR 4.0 million). The main driver is the net financial result, which improved significantly by EUR 3.2 million. The solvency ratio of Deutsche Familienversicherung remained well above the defined target range in the first half of 2024 with a ratio of over 300 %.
Profit guidance for 2024 confirmed: focus on profitability
Deutsche Familienversicherung plans to consistently pursue its strategy of profitable growth in 2024. Assuming that the macroeconomic environment is not the cause of any extraordinary negative effects on earnings, Deutsche Familienversicherung is planning consolidated earnings before taxes of EUR 5-7 million in the 2024 financial year.
Deutsche Familienversicherung presents good earnings figures again in the first half of 2024 [PDF]
DFV Group – Key financials H1 2024 [PDF]
Ihr Ansprechpartner
Lutz Kiesewetter
Leiter Unternehmenskommunikation & Investor Relations
Tel.: +49 69 74 30 46 396
E-Mail: lutz.kiesewetter@deutsche-familienversicherung.de
Über die DFV Deutsche Familienversicherung AG
Die DFV Deutsche Familienversicherung AG (ISIN DE000A2NBVD5) ist ein digitaler Direktversicherer. Die DFV deckt mit ihren Versicherungs-Produkten, eigenen IT- und Prozesslösungen die komplette Wertschöpfungskette eines Erstversicherers ab. Angeboten werden nur Versicherungsprodukte, die Menschen wirklich brauchen und sofort verstehen ("Einfach. Vernünftig."). Die DFV bietet ihren Kunden vielfach ausgezeichneten Krankenzusatzversicherungen (Zahn-, Kranken-, Pflegezusatzversicherung) sowie Unfall- und Sachversicherungen an. Auf Basis des hochmodernen und skalierbaren, in-house entwickelten IT-Systems setzt das Unternehmen mit durchweg digitalen Produktdesigns neue Maßstäbe in der Versicherungsbranche.