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Business Year 2016

The Düsseldorf-based family-owned enterprise reported a very strong 4.4 percent increase in premium income to 1.73 billion EUR in fiscal year 2016. The Group's German insurance business grew by 2.9 percent, well ahead of the market average of 0.2 percent. With growth amounting to 6.3 percent, ARAG's German legal insurance business rivaled that of its international legal insurance business, which rose by 6.0 percent, for the first time.

The Group expanded its insurance portfolio once again, from 6.6 million to 7.1 million policies. Gross Group revenue – including turnover generated by the services companies – rose by 3.6 percent to 1.78 billion EUR. In spite of the strong business growth, the underwriting result increased again by 0.9 percent to 66.7 million EUR – the best value achieved in the past ten years. Profit from ordinary business activities also rose by a substantial 30.4 percent to 87 million EUR.

 

Annual Reports

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 Holding SE (in million euros)
2016
Change
2015
2014
Sales
Gross premiums written 1,729.7 4.4 % 1,656.1 1,588.2
Earned premiums for own account 1,706.4 4.6 % 1,631.2 1,567.6
Sales revenues of non-insurance subsidiaries 54.8 - 17.7 % 66.6 57.6
Costs
Cost of claims for own account 1,014.9 4.1 % 974.6 985.9
Claims ratio (basis: earned premiums) 59.5 % - 0.2 %-pts. 59.7 % 62.9 %
Cost of insurance business for own account 546.5 3.0 % 530.7 511.5
Cost ratio (basis: earned premiums) 32.0 % - 0.6 %-pts. 32.6 % 32.6 %
Overview of profit and loss
Underwriting result for own account 66.7 0.9 % 66.1 60.6
Income from capital investments 240.0 13.7 % 211.0 273.5
portion included in underwriting result 176.7 11.8 % 158.0 201.0
Other income/expenses - 48.3 - 15.3 % - 57.0 - 55.0
Profit on ordinary activities 87.0 30.4 % 66.7 84.5
Net income before external components 43.1 47.6 % 29.2 47.2
Underwriting reserves/earned premiums (net) 349.6 % - 1.2 %-pts. 350.8 % 353.2 %

Breakdown by insurance line and country

Successful international expansion strategy: The international legal insurance business is one of the Group’s growth drivers.

Self-contracted business

Country/origin (in thousand euros)
Legal insurance
Property and accident
Health insurance
Life insurance
Germany 329,272 204,492 356,873 213,694
Netherlands 91,294
Austria 58,091
USA 80,703
Spain 47,306 46,704
Italy 26,321 4,426
Belgium 23,180
Norway 36,112
Greece 5,003
Slovenia 2,183
Portugal 448 188
Sweden 4,004
Denmark 57
UK 1,295
Gesamt 705,269 255,810 356,873 213,694
 

Assumed reinsurance business

Country/origin (in thousand euros)
Legal Insurance
Property and accident
Germany 165
Netherlands 48,847
Austria
USA 7,396
Spain 21,274 9,805
Italy 87,341 331
Belgium 471
Norway
Greece 42
Slovenia
Portugal 182
Sweden
Denmark
UK 22,199
Total 187,752 10,301