DFV Deutsche Familienversicherung : Publication of the preliminary results 2022
February 16, 2023 at 04:09 am
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Deutsche Familienversicherung
Preliminary
financial results 2022
16 Februar 2023 Frankfurt am Main
Welcome
2
Preliminary financial results 2022
Preliminary and unaudited
+34 % -12 %
Revenue growth
Opex (Cost cutting)
Over-delivered on
net
net
profitability target
Revenue (net earned premiums) and Opex: change year-over-year
3
Opex: IFRS expenses from insurance operations
Preliminary financial results 2022
First financial year with positive operating profit since IPO
Preliminary and unaudited
Revenue (GWP)
Profit before tax
• DFV continues its growth path while reaching
(Gross written premiums in €m)
(in €)
a positive operating profit:
• GWP increased by 18 % in 2022; net earned
premiums grew by 34 %.
• First financial year since the 2018 IPO with a
183.5
positive profit before tax.
• In a challenging capital market with high vola-
155.2
1.7
tility, DFV managed to stabilise the investments
114.7
and to protect the insureds' funds.
2020
2021
2022 prelim.
-0.8
-10.6
2020
2021
2022 prelim.
4
Preliminary financial results 2022
Focus on cost management
Cost ratio
(Opex and other expenses as % of net earned premiums)
60%
55%
48% 31%
40%
20%
0%
2020
2021
2022 prelim.
Preliminary and unaudited
Revenue per policy
• A significant profitability driver: substantial
(Primary insurance; in €)
cost reduction despite revenue increase
• Opex decreased by 12 % despite a 34 %
revenue growth (net).
• Enhanced commitment to cost discipline.
254
• Initiatives to further automate processes add
240
further momentum.
207
• Strengthening of the revenue per policy results
in an increase in efficiency.
2020
2021
2022 prelim.
5
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DFV Deutsche Familienversicherung AG published this content on 16 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2023 09:08:04 UTC.
DFV Deutsche Familienversicherung AG is a Germany-based company engaged in digital Insurtech and insurance sector. The Company focuses primarily on selling insurance policies digitally and online. It offers the broad range of digital customer solutions, such DFV customer portal or DFV app that enable its customers to process business transactions in real time, covering advice, financial statements, document management and claims handling. Its product portfolio includes supplemental health insurance policies, such as supplementary outpatient, inpatient, dental and long-term care insurance, and property insurance, such as household contents, liability, legal defence and accident insurance policies. The Company has wholly-owned subsidiaries in Germany.
DFV DEUTSCHE FAMILIENVERSICHERUNG AG 
