Frank
Schaar,
CEO
Deutsche
Rück
Group
The
highest
premium
increases
came
from
the
liability,
accident
and
motor
insurance
business
and
the
other
lines
of
insurance.
In
the
liability,
accident
and
motor
insurance
lines,
the
second-largest
segment
of
Deutsche
Rück’s
portfolio,
gross
premiums
rose
by
23.9%
to
€485.8
million.
Gross
premium
income
in
property
insurance,
which
accounts
for
more
than
two-thirds
of
Deutsche
Rück
Group’s
gross
premiums,
also
grew
strongly
by
16.5%
to
€1.4
billion.
In life business, the Deutsche Rück Group recorded a 9.7% increase in gross premiums to €84.2 million. In the 2024 financial year, the Deutsche Rück Group expanded its life and health reinsurance business to the markets of the Middle East and North Africa.
“We grew strongly and profitably in all business areas in 2024,” says Frank Schaar, Chief Executive Officer of the Deutsche Rück Group. “Our strategy of gradually and purposefully internationalising our business over the recent years is paying off.”
The Group generated investment income of €74.8 million and achieved a net profit after taxes of €14.5 million (previous year: €12.0 million).
Deutsche Rückversicherung AG and its subsidiary Deutsche Rückversicherung Switzerland Ltd offer reinsurance cover on the European insurance market and selected international markets. Thanks to outstanding long-term credit ratings and consistent market performance, the Group companies are much sought-after and well-established in Germany as one of the leading reinsurers.
Hashtag: #DeutscheRück
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