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Business Year 2015

The Düsseldorf family enterprise reported premium income amounting to 1.65 billion EUR for fiscal year 2015. The Group's German insurance business grew by 2.6 percent, well ahead of the market average of 0.6 percent. Premium revenues from the international legal insurance business rose by 7.7 percent – an even larger gain than that achieved in 2014. Overall, ARAG posted a 4.3 percent increase in premium income – once again the best result in years.

This growth was based on a real increase in the insurance portfolio: The policy portfolio grew from 6.4 million to 6.6 million. Total Group revenue – including service companies – rose by 4.7 percent to 1.72 billion EUR. In spite of the substantial business expansion, the underwriting result increased by a solid 9.1 percent from 60.6 million EUR to 66.1 million EUR. Under the influence of a difficult capital market environment, profit on ordinary activities declined from the record figure of 84.5 million EUR (2014) to 66.7 million EUR in 2015.

 

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)
2015
Change
2014
2013
Sales




Gross premiums written
1,656.1
4.3%
1,588.2
1,530.1
Earned premiums for own account
1,631.2
4.1%
1,567.6
1,516.4
Sales revenues of non-insurance subsidiaries
66.6
15.6%
57.6
50.2
Costs




Cost of claims for own account
974.6
-1.1%
985.9
935.7
Claims ratio (basis:earned premiums)
59.7%
-3.2%-pts.
62.9%
61.7%
Cost of insurance business for own account
530.7
3.8%
511.5
485.4
Cost ratio (basis: earned premiums)
32.5%
-0.1%-pts.
32.6%
32.0%
Overview of profit and loss




Underwriting result for own account
66.1
9.1%
60.6
52.5
Income from capital investments
211.0
-22.9%
273.5
222.6
portion included in underwriting result
158.0
-21.4%
201.0
163.0
Other income/expenses
-57.0
-3.6%
-55.0
-41.8
Profit on ordinary activities
66.7
-21.1%
84.5
76.1
Net income before external components
29.2
-38.1%
47.2
48.8
Underwriting reserves/earned premiums (net)
350.8%
-2.4%-pts.
353.2%
351.6%

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

308,945
196,998
347,450
220,263
Netherlands

86,167



Austria

56,575



USA

73,740



Spain

46,244
37,658


Italy

29,984
4,572


Belgium

22,842



Norway

39,546



Greece

4,578



Slovenia

2,013



Portugal

400
89


Sweden

4,664



UK





Total

670,698
239,317
347,450
220,263
 

Assumed reinsurance business

Country/origin
(in thousand euros)
Legal Insurance
Property and
accident
Germany


192
Netherlands

47,393

Austria



USA

6,733

Spain

17,196
7,439
Italy

77,171
-300
Belgium

484

Norway



Greece

422

Slovenia



Portugal

2

Sweden



UK

21,598

Total

170,999
7,331