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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)
2024-05-23 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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
Additional features:
File: DFV_Q1_2024_Key financials
2024-05-23 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: 1909035

End of News EQS News Service
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1909035 2024-05-23 CET/CEST

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END) Dow Jones Newswires

May 23, 2024 02:01 ET (06:01 GMT)