Gothaer Allgemeine Versicherung AG: 2023 financial year: Gothaer outperforms
the market in terms of growth

EQS-Ad-hoc: Gothaer Allgemeine Versicherung AG / Key word(s): Annual Results
Gothaer Allgemeine Versicherung AG: 2023 financial year: Gothaer outperforms
the market in terms of growth

19-Apr-2024 / 10:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Cologne, April 19, 2024 - Gothaer Group CEO Oliver Schoeller will present
the figures for the 2023 financial year at today's balance sheet press
conference. The Gothaer Group is reporting premium revenues of EUR 4.9 billion
- an increase of 7.2 percent compared to the previous year and growth of 6.5
percentage points above market level. (1) Despite inflation and recession
concerns, the Group was able to further strengthen its equity base in 2023
to around EUR 1.57 billion by the end of the year (previous year: EUR 1.50
billion). Consolidated net income is in line with Group strategy at EUR 78
million. Premium revenues in the corporate client segment rose by eleven
percent, thereby further strengthening Gothaer's position as a leading
partner to SMEs.

Gross premiums written by Gothaer Allgemeine Versicherung AG reached around
EUR 2.4 billion, which is twelve percent above the 2022 level and 5.2
percentage points above market. A new record result of EUR 136 million was
achieved in new business, corresponding to year-over-year growth of around
44 percent. Gothaer Allgemeine Versicherung AG's consolidated net income is
EUR 25 million.

The international rating agency Standard & Poor's Global Ratings reconfirmed
the Gothaer Group's rating at the end of 2023 despite a problematic market
environment: Gothaer Allgemeine Versicherung AG, Gothaer Lebensversicherung
AG, and Gothaer Krankenversicherung AG all have an 'A' rating with a
'stable' outlook.

Your contact
Ulrich Otto
Corporate Communications
Phone: +49 (0) 0221/ 308-34614
Fax: +49 (0) 0221/ 308-34530
Gothaer Group
Gothaer Allee 1, 50969 Köln
Email: ulrich.otto@gothaer.de

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(1) GDV extrapolation - as at March 20, 2024


End of Inside Information

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19-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory
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   Language:       English
   Company:        Gothaer Allgemeine Versicherung AG
                   Gothaer Allee 1
                   50969 Köln
                   Germany
   Phone:          +49 (0)221-308-34531
   Fax:            +49 (0)221-308-34530
   Internet:       www.gothaer.de
   ISIN:           DE000A168478
   WKN:            A16847
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt, Hamburg, Hanover, Munich, Stuttgart,
                   Tradegate Exchange; Luxembourg Stock Exchange
   EQS News ID:    1884303

End of Announcement EQS News Service
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1884303 19-Apr-2024 CET/CEST