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Deutsche Familienversicherung becomes reinsurer, grows faster and reduces loss

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DFV Deutsche Familienversicherung AG / Key word(s): Contract/Change in Forecast
Deutsche Familienversicherung becomes reinsurer, grows faster and reduces loss

09-Nov-2021 / 18:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Deutsche Familienversicherung becomes reinsurer, grows faster and reduces loss

Frankfurt am Main, 09 November 2021 - Deutsche Familienversicherung (DFV) has assumed liability as reinsurer of the CareFlex Chemie (Group) consortium. Primary insurance shares of Barmenia Krankenversicherung AG, Wuppertal, will be taken over by DFV with a volume of around €35-40 million by way of a reinsurance agreement with retroactive effect from 1 June 2021.

This will further accelerate the growth of Deutsche Familienversicherung, which is already around 20 percent in the core primary insurance business in 2021. The active reinsurance business will increase DFV's premium income by an additional €20 million in 2021. From 2022 onwards, premium income of around €35-40 million per year can be expected from the reinsurance agreement.

In DFV's sales activities in the core business of primary insurance, a new cooperation, which was expected to start in the fourth quarter of 2021, has been postponed until 2022. New primary insurance business for 2021 is now forecasted at around €24 million. Overall, Deutsche Familienversicherung expects that the pre-tax consolidated loss for 2021, which was planned at €4 million, will be significantly lower at an estimated €2 million.

Press & Investor Relations Contact
Lutz Kiesewetter
Head of Corporate Communications & Investor Relations
Phone: +49 69 74 30 46 396
E-mail: Lutz.Kiesewetter@deutsche-familienversicherung.de

Information and Explanation of the Issuer to this News:

About DFV Deutsche Familienversicherung AG
DFV Deutsche Familienversicherung AG (ISIN DE000A2NBVD5) is a fast-growing InsurTech company. As a digital insurance company, DFV covers the entire value chain with its own products. The company's goal is to offer insurance products that people really need and understand immediately ('Simple. Sensible.'). DFV offers its customers multiple award-winning supplementary health insurance (dental, health, supplementary long-term care insurance) as well as accident and property insurance. Based on the state-of-the-art and scalable IT system developed in-house, the company is setting new standards in the insurance industry with digital product designs throughout as well as the option of taking out policies via digital voice assistants.

www.deutsche-familienversicherung.de

09-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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:

1247581


 

End of Announcement

DGAP News Service

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