DFV Deutsche Familienversicherung AG: Deutsche Familienversicherung has a
solid start to 2024

EQS-News: DFV Deutsche Familienversicherung AG / Key word(s): Quarterly /
Interim Statement/Quarter Results
DFV Deutsche Familienversicherung AG: Deutsche Familienversicherung has a
solid start to 2024 (news with additional features)

23.05.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Corporate News

Q1 2024 - Interim statement

Deutsche Familienversicherung has a solid start to 2024

* Growth in insurance revenue of 2%

* Operating result (Insurance Service Result) increases by 9%

* Consolidated profit before taxes increases by 19%

* Guidance for 2024 confirmed: Focus on profitability

Frankfurt am Main, 23 May 2024 - DFV Deutsche Familienversicherung AG
("Deutsche Familienversicherung"), the innovative direct insurer from
Frankfurt, has made a good start to 2024. Consolidated earnings before taxes
totalled EUR 1.5 million in the first quarter of 2024. The company also
achieved its growth target and increased gross premiums written (HGB) by 4%
to EUR 49.7 million (Q1 2023: EUR 47.8 million).

"Despite the increasingly difficult macroeconomic conditions, we have made a
good start to the year and thus have a solid basis for fulfilling the
targets we have set for 2024," comments Stefan Knoll, CEO and founder of
Deutsche Familienversicherung.

Improved operating result and stable combined ratio

The operating result (Insurance Service Result) increased by 9.1%
year-on-year to EUR 1.6 million (previous year: EUR 1.4 million). This
underlines the strength of the insurance company. Insurance revenue grew by
1.5% to EUR 30.5 million (Q1 2023: EUR 30.0 million). The combined ratio
remains stable at 95% in the first quarter of 2024 (Q1 2023: 95%).

Positive earnings trend

Despite the macroeconomic environment, which continues to be characterised
by war and crisis, Deutsche Familienversicherung generated consolidated
earnings before taxes of EUR 1.5 million in the first three months of 2024
and increased earnings by 19% compared to the same period of the previous
year (Q1 2023: EUR 1.3 million). The solvency of Deutsche
Familienversicherung remained stable in the first quarter of 2024 and
continues to be well above the defined target range.

Confirmation of guidance for 2024: focus on profitability

Deutsche Familienversicherung plans to consistently pursue its strategy of
profitable growth in 2024. Assuming that the macroeconomic environment is
not the cause of any extraordinary negative effects on earnings, Deutsche
Familienversicherung is planning consolidated earnings before taxes of EUR
5-7 million in the 2024 financial year.

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


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Additional features:

File: https://eqs-cockpit.com/c/fncls.ssp?u=8fa2c984ab74336e0bbb2e1ba5cdcf05
File description: DFV_Q1_2024_Key financials

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23.05.2024 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,
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Archive at www.eqs-news.com

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   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:    1909035

End of News EQS News Service
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1909035 23.05.2024 CET/CEST