DFV Deutsche Familienversicherung : Q1 Results 2022
May 27, 2022 at 07:03 am
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2022
Financial results Q1 2022
DFV Deutsche Familienversicherung AG
FRANKFURT/MAIN | 18 May 2022
Agenda & welcome
1. Welcome
Stefan Knoll
2. Financial results Q1 2022
Karsten Paetzmann
3. Outlook 2022
Stefan Knoll
2
Our goal in 2022
DFV will be profitable again in 2022 for the first time after the IPO
Growth of 37% in gross written premiums in the first quarter 2022
Cost savings and efficiency gains through higher scaled business model
Further innovations in products and processes initiated
Significant improvement in group profit before tax to EUR 1.4 million (previous year: EUR -0.1 million)
We reach the profit zone with significant growth in gross written premiums
3
2. Financial results Q1 2022
Karsten Paetzmann
CFO
4
Financial results Q1 2022
Q1 2022 snapshot
GWP growth
+37%
[FY 2021: +35%]
Opex primary insurance
-1%*
[
* incl. one-off restruc-
]
turing expenses: +9%
Loss ratio primary insurance
66.4%
[Q1 2021: 63.2%]
Profit before tax
€1.4m
[Q1 2021: €-0.1m]
GWP (gross written premiums) and Opex: Change year-over-year
Loss ratio: Insurance benefits (net) as percentage of net earned premiums5
Opex: IFRS expenses from insurance operations acc. to IFRS
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DFV Deutsche Familienversicherung AG published this content on 27 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2022 11:02:07 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.