on DFV Deutsche Familienversicherung AG (isin : DE000A0KPM74)
DFV Deutsche Familienversicherung AG: Solid Start to 2024
Frankfurt am Main, 23 May 2024 – DFV Deutsche Familienversicherung AG, the innovative direct insurer from Frankfurt, has had a solid start to 2024. The company’s consolidated earnings before taxes reached EUR 1.5 million in Q1 2024. Gross premiums written increased by 4% to EUR 49.7 million compared to EUR 47.8 million in Q1 2023.
The operating result saw a 9.1% year-on-year increase to EUR 1.6 million. Insurance revenue grew by 1.5% to EUR 30.5 million, and the combined ratio remained stable at 95%.
Despite challenging macroeconomic conditions, Deutsche Familienversicherung's consolidated earnings before taxes rose by 19% to EUR 1.5 million in the first quarter of 2024, compared to EUR 1.3 million in the previous year. The company’s solvency remains well above the defined target range.
For the full year 2024, Deutsche Familienversicherung aims to achieve consolidated earnings before taxes between EUR 5-7 million, barring any extraordinary macroeconomic impacts.
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