Deutsche Familienversicherung Reports 48% Profit Increase

DFV Deutsche Familienversicherung AG, based in Frankfurt, reported a 48% increase in group profit before tax, reaching EUR 6.6 million in the first nine months of 2024. This growth highlights the company's strategic shift towards profitability initiated in 2022. Despite this success, stock market prices have not yet reflected the positive outcome.

Insurance revenue grew by 7%, driven by digital sales channels. However, operating results fell due to increased TV advertising costs. The company maintained its claims ratio and slightly reduced administrative expenses. The improved net financial result significantly contributed to the profit increase.

DFV confirmed its 2024 financial guidance, projecting a group profit before tax between EUR 5-7 million. Additionally, the company is involved in a takeover and delisting process led by Haron Holding S.A.