Deutsche Familienversicherung Reports Strong Earnings for H1 2024

Deutsche Familienversicherung AG ("Deutsche Familienversicherung") announced a strong financial performance in the first half of 2024. Insurance revenue grew by 8%, and the company's group profit before tax reached EUR 4.1 million. Despite challenging macroeconomic conditions, the insurer maintained a combined ratio of 96%, indicating operational profitability.

The combined ratio rose to 96.5% due to increased acquisition costs from TV advertising, but the claims ratio remained steady at 61%. Administrative expenses dropped slightly to 18.2%. The solvency ratio stayed well above 300%.

Guidance for 2024 remains focused on profitability, with expected earnings before taxes of EUR 5-7 million, assuming no extraordinary macroeconomic disruptions.