ARAG grew significantly by 4.4 percent in 2010. International business and health insurance continue their growth trajectory. The profit on ordinary activities increased by over one third. In legal insurance, the Group’s largest segment, ARAG solidified its position as the world’s second-largest legal insurer.
Please find an overview of the key financial figures for the ARAG Group and a breakdown by insurance line and country down below. The consolidated financial statement 2010 will soon be available.
Key Business Figures
Business Year 2010
Other Annual Reports and publications
Summary of key financial figures for the ARAG Group
The numbers speak for themselves. The steady growth achieved in past years provides us a solid foundation for future success.
ARAG AG ( in Million Euros) |
2010 |
Change |
2009 |
2008 |
|
Sales |
|
|
|
|
|
Gross premiums written |
1,429.9 |
4.4% |
1,369.8 |
1,361.0 |
|
Earned premiums for own account |
1,417.1 |
4.4% |
1,356.8 |
1,339.8 |
|
Sales revenues of non-insurance subsidiaries |
57.9 |
34.7% |
43.0 |
40.9 |
|
Costs |
|
|
|
|
|
Cost of claims for own account |
927.5 |
2.0% |
909.6 |
860.1 |
|
Claims ratio (basis:earned premiums) |
65.5% |
-1.5% pts. |
67.0% |
64.2% |
|
Cost of insurance business for own account |
489.2 |
8.4% |
451.2 |
441.3 |
|
Cost ratio (basis: earned premiums) |
34.5% |
1.2% pts. |
33.3% |
32.9% |
|
Overview of profit and loss |
|
|
|
|
|
Underwriting result for own account |
16.5 |
-8.8% |
18.1 |
63.1 |
|
Income from capital investments |
227.2 |
13.4% |
200.4 |
103.6 |
|
portion included in underwriting result |
155.4 |
14.3% |
136.0 |
102.4 |
|
Other income/expenses |
-23.3 |
33.8% |
-35.2 |
-42.3 |
|
Profit on ordinary activities |
64.2 |
38.4% |
46.4 |
22.0 |
|
Net income before external components |
50.1 |
138.6% |
21.0 |
3.8 |
|
Underwriting reserves/earned premiums (net) |
344.6% |
-3.3% pts. |
347.9% |
342.6% |
Breakdown by insurance line and country
Successful international expansion strategy: The international legal insurance business is the Group’s most important growth driver.
Self-contracted business
Country/origin (in Euros) |
Legal insurance |
Property and accident |
Life insurance |
Health insurance |
|
Germany |
292,046,677 |
184,387,801 |
206,627,896 |
286,789,180 |
|
Spain |
50,189,450 |
36,777,371 |
|
|
|
Netherlands |
80,802,515 |
|
|
|
|
USA |
50,519,824 |
|
|
|
|
Austria |
51,173,977 |
|
|
|
|
Italy |
33,107,213 |
|
|
|
|
Belgium |
20,122,252 |
|
|
|
|
Greece |
3,582,065 |
|
|
|
|
Slovenia |
1,967,334 |
|
|
|
|
|
|
|
|
|
|
Total |
583,511,307 |
221,165,172 |
206,627,896 |
286,789,180 |
Further Information ?
ARAG Allgemeine Rechtsschutz-Versicherungs-AG