DGAP-News Delivery DFV Deutsche Familienversicherung AG / Keyword (s) ፡ Factory Quarterly (Temporary Description) 9 Months Figures Deutsche Family Management is re-insured, grows faster and reduces losses (News with additional features) 2021-11-11 / 07: 31 The Provider is solely responsible for the content of this notice.

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The Deutsche Familienversicherung is re-insured, grows faster and reduces losses. Entering the insurance business; Approximately 35-40 million euros. Gross insurance premiums increased by 22 percent in the first nine months of 2021. Adjusted Annual Targets 2021 ፡ Significantly reduce pre-tax losses to 2 2 million (previously to 4 4 million)

Frankfurt am Main, November 11, 2021 – DFV Deutsche Familienversicherung AG (“DFV”, “Deutsche Familienversicherung”), a digital insurance company, continues to grow in Europe. Re-insurance

As announced, the company is responsible for re-insuring the CareFlex Chemi (group) combination. Barmenia Krankenversicherung AG, Wuppertal, major insurance shares worth around -40 35-40 million will be acquired by DFV from June 1, 2021. Deutsche family development By 2021, 20 percent of the major insurance business will grow rapidly again. Active re-insurance business will increase DFV’s premium income by an additional ሮ 2021. 22% growth in primary insurance

In addition, despite the ongoing Covide 19 epidemic, the company grew by more than 12.5% ​​in the first nine months of the 2021 fiscal year (9M 2021: EUR 125 million) on existing premiums in premium insurance. In the first nine months of 2021 (9M 2020: EUR 83.5 million) increased by 21.8% to 21.8% to 101.7 million euros. The additional health insurance premium increased by 19.4 percent, while property insurance growth was up 52.9 percent. This development is in line with the Group strategy to increase the duplication of DFV product portfolio to expand the company’s base. DFV is continuously developing its product portfolio, which, among other things, will add value to each contract. In addition to health insurance, the average premium in the portfolio has increased from ዩ 250 (9M 2020) to 9 279 and property insurance from ዩ 94 (9M 2020) to 5 115. “With the ongoing COVID 19 epidemic, DFV’s business development for the first time since 2012, we have reaffirmed, we have introduced new products, we have won several Steft Warrant tests and we have expanded to other European countries,” said Dr. Stefan Noll, CEO and Founder of Deutsche Family. .

Increased profitability

Post-tax net income increased to 1.1.1 million (9M 2020: EUR -4.7 million) in the first nine months of 2021. The small positive consolidated net income before tax is 1 0.1 million (9M 2020 ፡ clearing)

-6.9 million) represents a critical step towards targeted profitability. For these major drivers, 5 8.5 million (9M 2020: EUR -1.2 million) is the key to reducing investment costs, operating costs (OPEC) and lower distribution costs. The steps taken to increase professional investment management and expenditure discipline have ensured that by 2021 there is a reasonable profitability.

DFV reported a 71.8% increase in claims in the first nine months of 2021 (2020 ፡ 63.0%). However, the company will ensure a long-term target corridor of up to 70%. The combined ratio improved by 3% to 103.0% (9M 2020: 106.0%), as operating costs increased slightly despite a strong new business. DFV-HaftpflichtSchutz rated “excellent” in all categories

DFV Insurance products have once again achieved great results. Now in the test 10/2021, Steftung Warrantist rated the insurance company’s tariff for both “basic coverage and total coverage” and “extended coverage” as “excellent” (0.6). This is one of the 363 liability insurance policies tested by Stiftung Warentest Finanztest. DFV has previously won numerous awards in various fields and has excelled in its products. A.D. In 2021, it received several certifications, including additional dental insurance. In April, the DFV-ZahnSchutz tariff was also rated “Stiftung Warentest” (0.5) and won the test. Successful global networking and expansion

Both Austrian business models were successfully launched in late June with the sale of animal health insurance and the launch of the new DFV-KombiSchutz product. In addition, in the first nine months of 2021, Deutsche Family Facilitation has successfully completed a number of partnerships with key partners to accelerate its growth. These include banks and companies with remarkable sales access, such as Hamburger Sparkasse, Lidl and Volkswagen Bank GmbH. Outlook 2021 ፡ significantly reduced losses

The new partnership, which is expected to start in the fourth quarter of 2021, is expected to be rolled out in the main insurance business of DFV Sales Activities by 2022. The new primary insurance business for 2021 is currently projected at around 24 million euros. Overall, Deutsche Family Facilitation estimates that pre-tax losses by 2021 are projected to be significantly lower by 2021, approximately 2 million euros.

Your contact

Lutz Kiesewetter Head of Corporate Communications and Investment Relations by telephone +49 69 74 30 46 396 E-mail writing Lutz.Kiesewetter@deutsche-familienversicherung.de About DFV Deutsche Familienversicherung AG

DFV Deutsche Familienversicherung AG (ISIN DE000A2NBVD5) is a fast-growing insurance company. As a digital insurance company, DFV covers the entire value chain on its own products. The purpose of the company is to provide insurance products that people really want and understand immediately (“simple. Sensible”). DFV offers its customers many rewarding additional health insurance (dental, health, additional long-term care insurance) as well as accident and property insurance. Based on a state-of-the-art and scalable IT system, the company is setting new standards in the insurance industry through digital product design and digital voice assistants.

www.deutsche-familienversicherung.de Contact: Lutz Kiesewetter Head of Investment Relations and Enterprise Relations Telephone: 069 74 30 46 396 Telephone: 069 74 30 46 46 E-mail: lutz.kiesewetter@deutsche-familiendevers.

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2021-11-11 Enterprise News Distribution by DGAP – EQS Team AG Service. The provider is solely responsible for the content of this notice. DGAP distribution services include regulatory notices, financial / corporate news, and press releases. Archive at www.dgap.de

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Language:     English 
Company:      DFV Deutsche Familienversicherung AG 
              Reuterweg 47 
              60323 Frankfurt/Main 
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:  1248196 
End of News   DGAP News Service 

1248196 2021-11-11

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(END) Dow Jones Newswires

November 11, 2021 01 ፡ T 32 32 ET (06 ፡ 32 GMT)