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EQS-News: DFV Deutsche Familienversicherung AG / Key word(s): Annual Report/Annual Results
DFV Deutsche Familienversicherung AG: Financial year 2023 and outlook (news with additional features)
2024-04-25 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
Corporate News
Financial year 2023
Earnings above expectations and higher growth
. New business volume of EUR 19 million in 2023, well above plan of EUR 15 million
. Insurance sales increase by 7.9% to EUR 119.5 million
. Robust operating result of EUR 8.8 million (2022: EUR 8.0 million)
. Consolidated earnings before taxes of EUR 5.6 million in 2023 (target: EUR 3-5 million)
. Strong HGB result of EUR 7.8 million (2022: EUR 2.3 million)
Frankfurt am Main, 25. April 2024 - DFV Deutsche Familienversicherung AG ('DFV', 'Deutsche Familienversicherung'), the
leading digital direct insurer from Frankfurt, had planned a positive consolidated pre-tax result of EUR 3 to 5 million
and new and additional business of EUR 15 million for 2023. In contrast, the actual development was significantly
better than expected and even better than reported in the preliminary figures. The company increased its business
volume by EUR 19 million and generated consolidated earnings before taxes of EUR 5.6 million (IFRS).
'2023 is the best financial year in our company's history. We exceeded our profit and growth targets and reduced the
accumulated loss from 21 million euros to 16 million euros. For 2024, we will continue to pursue our goals calmly and
successfully achieve the balancing act between above-average growth and the ability to pay a dividend in 2026,'
comments Dr Stefan Knoll, Chairman of the Executive Board and founder of Deutsche Familienversicherung.
New business 30% above plan
In 2023, new and additional business in primary insurance totalled EUR 19 million (previous year: EUR 17 million),
which is almost 30% above plan. Gross premiums written grew by 4.8% to EUR 192 million (previous year: EUR 184
million), including inwards reinsurance business. Insurance sales in accordance with IFRS 17, which was applied for the
first time, rose by 7.9% from EUR 110 million to EUR 119 million. The company is thus growing significantly faster than
the insurance market.
Strong operating result and solid combined ratio
The operating result proved to be robust and increased by 9.0% to EUR 8.8 million in 2023 (previous year: EUR 8.0
million), clearly underlining the operating strength and solidity of the insurance company. The combined ratio of 92.4%
(2022: 92.3%) is an expression of continued strong operating performance and is the result of stable claims development
in 2023. The consolidated financial statements were prepared in accordance with the new IFRS 17/9 standards for the
first time, enabling the extensive project to be implemented on time.
Further increase in consolidated net profit above expectations
After Deutsche Familienversicherung had planned positive consolidated earnings before taxes of EUR 3 to 5 million for
2023 and reported consolidated earnings before taxes of EUR 5 million in the preliminary figures, earnings of EUR 5.6
million were actually achieved in the 2023 financial year. Consolidated earnings after taxes (EUR 4.2 million)
increased compared to the previous year (EUR 3.9 million). The parent company generated a profit before taxes of EUR
7.8 million in 2023 in accordance with HGB.
Positive outlook for 2024: profit increase and high growth
Deutsche Familienversicherung plans to consistently pursue its strategy of profitable growth in 2024. In terms of
sales, the company continues to plan above-average growth. Assuming that the macroeconomic environment does not cause
any extraordinary negative effects on earnings, Deutsche Familienversicherung is planning consolidated earnings before
taxes of EUR 5-7 million in the 2024 financial year.
The 2023 Annual Report is available for download on our website.
Your Contact
Lutz Kiesewetter
Director Corporate Communictations & Investor Relations
tel.: +49 69 74 30 46 396
e-mail: Lutz.Kiesewetter@deutsche-familienversicherung.de
About DFV Deutsche Familienversicherung AG
DFV Deutsche Familienversicherung AG (ISIN DE000A2NBVD5) is a digital direct insurer. With its insurance products and
its own IT and process solutions, DFV covers the entire value chain of a primary insurer. It only offers insurance
products that people really need and immediately understand ('Simple. Sensible.'). DFV offers its customers
award-winning supplementary health insurance (dental, health and long-term care insurance) as well as accident and
property insurance. The company is setting new standards in the insurance industry with digital product designs
throughout, based on a state-of-the-art and scalable IT system developed in-house.
www.deutsche-familienversicherung.de
Additional features:
File: DFV_FY 2023_Key financials
2024-04-25 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      DFV Deutsche Familienversicherung AG 

Reuterweg 47
60323 Frankfurt/Main
Germany

Phone:        069 74 30 46 396 
Fax:          069 74 30 46 46 
E-mail:       presse@deutsche-familienversicherung.de 
Internet:     www.deutsche-familienversicherung.de 
ISIN:         DE000A2NBVD5 
WKN:          A2NBVD 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1888739

End of News EQS News Service
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1888739 2024-04-25 CET/CEST

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END) Dow Jones Newswires

April 25, 2024 02:01 ET (06:01 GMT)