DFV Deutsche Familienversicherung AG Reports Strong Financial Performance in 2023

DFV Deutsche Familienversicherung AG, a leading digital insurer based in Frankfurt, reported substantial growth and earnings above expectations for the financial year 2023. The company notched a new business volume of EUR 19 million, significantly surpassing the planned EUR 15 million. Insurance sales escalated by 7.9% reaching EUR 119.5 million with a robust operating result of EUR 8.8 million.

The consolidated pre-tax earnings of EUR 5.6 million exceeded the forecast range of EUR 3-5 million. Gross premiums written increased by 4.8% to EUR 192 million, and the company achieved a combined ratio of 92.4%. These results underline DFV’s operational strength and its effective management of claims. Moreover, Deutsche Familienversicherung predicts a profitable growth for 2024, projecting pre-tax earnings between EUR 5-7 million assuming stable economic conditions.