GOTHAER ALLGEMEINE VERSICHERUNG AG (FRA:G9VA) EQS-Adhoc: Gothaer Allgemeine Versicherung AG: 2023 financial year: Gothaer outperforms the market in terms of growth

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19/04/2024 10:30

EQS-Ad-hoc: Gothaer Allgemeine Versicherung AG / Key word(s): Annual Results
Gothaer Allgemeine Versicherung AG: 2023 financial year: Gothaer outperforms the market in terms of growth

19-Apr-2024 / 10:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Cologne, April 19, 2024 – Gothaer Group CEO Oliver Schoeller will present the figures for the 2023 financial year at today’s balance sheet press conference. The Gothaer Group is reporting premium revenues of € 4.9 billion – an increase of 7.2 percent compared to the previous year and growth of 6.5 percentage points above market level.^{^[1]} Despite inflation and recession concerns, the Group was able to further strengthen its equity base in 2023 to around € 1.57 billion by the end of the year (previous year: € 1.50 billion). Consolidated net income is in line with Group strategy at € 78 million. Premium revenues in the corporate client segment rose by eleven percent, thereby further strengthening Gothaer’s position as a leading partner to SMEs.

Gross premiums written by Gothaer Allgemeine Versicherung AG reached around € 2.4 billion, which is twelve percent above the 2022 level and 5.2 percentage points above market. A new record result of € 136 million was achieved in new business, corresponding to year-over-year growth of around 44 percent. Gothaer Allgemeine Versicherung AG’s consolidated net income is € 25 million.

The international rating agency Standard & Poor’s Global Ratings reconfirmed the Gothaer Group’s rating at the end of 2023 despite a problematic market environment: Gothaer Allgemeine Versicherung AG, Gothaer Lebensversicherung AG, and Gothaer Krankenversicherung AG all have an ‘A’ rating with a ‘stable’ outlook.

Your contact
Ulrich Otto
Corporate Communications
Phone: +49 (0) 0221/ 308-34614
Fax: +49 (0) 0221/ 308-34530
Gothaer Group
Gothaer Allee 1, 50969 Köln
Email: ulrich.otto@gothaer.de

[1] GDV extrapolation – as at March 20, 2024

End of Inside Information

19-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	Gothaer Allgemeine Versicherung AG
	Gothaer Allee 1
	50969 Köln
	Germany
Phone:	+49 (0)221-308-34531
Fax:	+49 (0)221-308-34530
Internet:	www.gothaer.de
ISIN:	DE000A168478
WKN:	A16847
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID:	1884303


End of Announcement	EQS News Service

1884303 19-Apr-2024 CET/CEST

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