DFV Deutsche Familienversicherung AG
ISIN: DE000A2NBVD5
WKN: A2NBVD
12 September 2024 08:00AM

EQS-News: Deutsche Familienversicherung presents good earnings figures again in the first half of 2024

DFV Deutsche Familienversicherung AG · ISIN: DE000A2NBVD5 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1986215

EQS-News: DFV Deutsche Familienversicherung AG / Key word(s): Half Year Report/Half Year Results
Deutsche Familienversicherung presents good earnings figures again in the first half of 2024 (news with additional features)

12.09.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Corporate News

H1 2024 - Interim statement

Deutsche Familienversicherung presents good earnings figures again in the first half of 2024

  • Growth in insurance revenue of 8 %
  • Combined ratio of 96 %
  • Group profit before tax of EUR 4.1 million 
  • Guidance for 2024 confirmed: focus on profitability

Frankfurt am Main, 12 September 2024 – DFV Deutsche Familienversicherung AG (“Deutsche Familienversicherung”), the innovative direct insurer from Frankfurt, ended the first half of 2024 with growth in insurance revenue of 8 %. With a combined ratio of 96 %, Deutsche Familienversicherung was once again operationally profitable. Group profit before tax amounted to EUR 4.1 million in the first half of 2024.

“Despite the challenging macroeconomic conditions, we performed well in the first half of 2024 and thus continue to have a solid basis for achieving the targets we have set for 2024,” comments Stefan Knoll, Chairman of the Management Board and founder of Deutsche Familienversicherung.

Combined ratio of 96 %

As a result of the planned increase in acquisition costs due to TV advertising campaigns, the operating result (insurance service result in accordance with IFRS 17) decreased to EUR 2.4 million (H1 2023: EUR 5.0 million). This development is to be dampened by a reduction in campaigns in the second half of 2024. The combined ratio increased to 96.5 % in the first half of 2024 (H1 2023: 92.0 %). At 61.0 %, the claims ratio remains within the target range defined by the company. The administrative expense ratio fell again slightly to 18.2 % (H1 2023: 18.5 %). The continued cost discipline is noticeable here.

Positive earnings performance

Despite the macroeconomic environment which continues to be characterised by war and crisis, Deutsche Familienversicherung achieved a group profit before tax of EUR 4.1 million in the first six months of 2024, a slight improvement year-over-year (H1 2023: EUR 4.0 million). The main driver is the net financial result, which improved significantly by EUR 3.2 million. The solvency ratio of Deutsche Familienversicherung remained well above the defined target range in the first half of 2024 with a ratio of over 300 %.

Profit guidance for 2024 confirmed: focus on profitability

Deutsche Familienversicherung plans to consistently pursue its strategy of profitable growth in 2024. Assuming that the macroeconomic environment is not the cause of any extraordinary negative effects on earnings, Deutsche Familienversicherung is planning consolidated earnings before taxes of EUR 5-7 million in the 2024 financial year.
 

Contact

Lutz Kiesewetter

Director Corporate Communications & Investor Relations

Tel.: +49 69 74 30 46 396

E-Mail: Lutz.Kiesewetter@deutsche-familienversicherung.de


About DFV Deutsche Familienversicherung AG

DFV Deutsche Familienversicherung AG (ISIN DE000A2NBVD5) is an innovative direct insurer. As a digital insurance company, DFV covers the entire value chain with its own products. The aim of the direct insurer is to offer insurance products that people really need and understand immediately (‘Simple. Sensible.’). DFV offers its customers award-winning supplementary health insurance (dental, health and supplementary long-term care insurance) as well as accident and property insurance. The company is setting new standards in the insurance industry with digital product designs throughout, based on a state-of-the-art and scalable IT system developed in-house.
www.deutsche-familienversicherung.de


Additional features:

File: DFV_H1_2024_Key financials


12.09.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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: 1986215

 
End of News EQS News Service

1986215  12.09.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 66,52 90,92 114,74 155,22 183,51 119,50 0,00
EBITDA1,2 -2,88 -2,71 -7,52 2,42 4,03 7,33 0,00
EBITDA-Margin3 -4,33 -2,98 -6,55 1,56 2,20 6,13 0,00
EBIT1,4 -4,10 -5,20 -10,56 -0,81 1,67 5,72 0,00
EBIT-Margin5 -6,16 -5,72 -9,20 -0,52 0,91 4,79 0,00
Net Profit (Loss)1 -3,34 -2,10 -7,43 -1,70 0,99 4,16 0,00
Net-Margin6 -5,02 -2,31 -6,48 -1,10 0,54 3,48 0,00
Cashflow1,7 6,63 14,33 17,67 14,62 46,35 23,40 0,00
Earnings per share8 -0,25 -0,37 -0,53 -0,12 0,26 0,28 0,36
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Deloitte

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
DFV Deutsche Familienversicherung
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A2NBVD DE000A2NBVD5 AG 85,34 Mio € 04.12.2018 Kaufen 9F2C4M9C+X6
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
13,60 24,37 0,56 -195,00 0,82 3,65 0,71
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
26.06.2024 23.05.2024 12.09.2024 21.11.2024 25.04.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,00%
5,85 €
ATH 28,50 €
-8,49% -6,76% -8,88% -7,73% -51,25%

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