on Gothaer Allgemeine Versicherung AG (isin : XS0269270566)
Gothaer Allgemeine Versicherung AG Reports Above-Market Growth for 2024
Gothaer Allgemeine Versicherung AG, part of the BarmeniaGothaer Group, has announced preliminary financial results for the 2024 fiscal year. The Group is expected to post premium revenues of €8.52 billion, marking a 6.1% increase compared to the previous year and exceeding market growth by 2.4 percentage points.
The insurance entity anticipates gross premiums of €2.6 billion, reflecting a notable 9.3% rise from 2023 figures. The combined ratio (gross) is estimated at 94%, indicating operational efficiency. S&P Global Ratings has affirmed the Group's “A” rating and upgraded its outlook from “stable” to “positive,” suggesting a potential further boost to an “A+” rating within 12 to 24 months due to the merger with Barmenia.
R. P.
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