Business Year 2021
The ARAG Group increased its gross premium income in 2021 by 9.1 percent from €1.85 billion to €2.02 billion. Consolidated turnover – including revenue from service companies – came to €2.04 billion. The underwriting result improved by 5.5 percent, reaching again a new record level of €118.2 million. Income on ordinary activities was €86.7 million.
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) |
2021 |
Change |
2020 |
2019 |
|---|---|---|---|---|
| Sales | ||||
| Gross premiums written | 2,017.4 | 9.1 % | 1,848.7 | 1,763.5 |
| Earned premiums for own account | 1,986.7 | 8.1 % | 1,838.0 | 1,752.0 |
| Sales revenues of non-insurance subsidiaries | 25.1 | 9.1 % | 23.0 | 24.0 |
| Costs | ||||
| Cost of claims for own account | 1,027.0 | 9.8 % | 935.6 | 936.5 |
| Claims ratio (basis: earned premiums) | 51.7 % | 0.8 %-pts. | 50.9 % | 53.5 % |
| Cost of insurance business for own account | 744.7 | 10.5 % | 673.9 | 618.4 |
| Cost ratio (basis: earned premiums) | 37.5 % | 0.8 %-pts. | 36.7 % | 35.3 % |
| Overview of profit and loss | ||||
| Underwriting result for own account | 118.2 | 5.5 % | 112.0 | 98.5 |
| Income from capital investments | 80.3 | 2.3 % | 78.5 | 156.9 |
| portion included in underwriting result | 51.3 | 6.8 % | 48.1 | 78.0 |
| Other income/expenses | - 61.3 | 3.7 % | - 59.1 | - 56.6 |
| Profit on ordinary activities | 86.7 | 4.2 % | 83.2 | 119.9 |
| Net income before external components | 37.9 | - 0.8 % | 38.2 | 77.5 |
| Underwriting reserves/earned premiums (net) | 230.8 % | - 3.0 %-pts. | 233.8 % | 233.2 % |