Deutsche Familienversicherung Achieves Profitability and Exceeds New Business Targets in 2023

DFV Deutsche Familienversicherung AG, a Frankfurt-based leading digital direct insurer, reported achieving its profitability goals and significantly surpassing its new business objectives for the year 2023. The insurer recorded a new business volume of EUR 19 million, outperforming the planned EUR 15 million. Additionally, the company saw a 7% increase in insurance sales, amounting to EUR 118 million.

The company's operating result stood robust at EUR 8.5 million, an increase from the previous year's EUR 8.0 million. Furthermore, Deutsche Familienversicherung announced consolidated earnings before taxes of EUR 5 million, aligning with the upper limit of their target range of EUR 3-5 million. This performance underscores the company's strong market presence and operational resilience.

Despite challenges, including the ongoing crises and war in Europe, DFV has maintained its growth trajectory, with gross written premium volume tripling since its IPO. The company's solid combined ratio of 92.6%, alongside a strong operating result, reflects its efficient management and commitment to strategic growth.

Stefan Knoll, Chairman of the Executive Board and founder, expressed confidence in the company's direction and its future in the capital market. Deutsche Familienversicherung's achievement of a pre-tax profit of EUR 7.8 million further validates its solid performance and strategic vision for growth.