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Business Year 2020

The ARAG Group increased its gross premium income in 2020 by 4.8 percent from €1.76 billion to €1.85 billion. Consolidated turnover – including revenue from service companies – came to €1.87 billion. The underwriting result again improved significantly by 13.8 percent, reaching a new record level of €112.0 million. Income on ordinary activities was €83.2 million.

 

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)
2020
Change
2019
2018
Sales
Gross premiums written 1,848.7 4.8 % 1,763.5 1,653.7
Earned premiums for own account 1,838.0 4.9 % 1,752.0 1,640.0
Sales revenues of non-insurance subsidiaries 23.0 - 4.0 % 24.0 24.1
Costs
Cost of claims for own account 935.6 - 0.1 % 936.5 870.0
Claims ratio (basis: earned premiums) 50.9 % - 2.6 %-pts. 53.5 % 53.1 %
Cost of insurance business for own account 673.9 9.0 % 618.4 582.7
Cost ratio (basis: earned premiums) 36.7 % 1.4 %-pts. 35.3 % 35.5 %
Overview of profit and loss
Underwriting result for own account 112.0 13.8 % 98.5 97.4
Income from capital investments 78.5 - 50.0 % 156.9 81.2
portion included in underwriting result 48.1 - 38.4 % 78.0 52.8
Other income/expenses - 59.1 4.5 % - 56.6 - 51.7
Profit on ordinary activities 83.2 - 30.5 % 119.9 70.2
Net income before external components 38.2 - 50.8 % 77.5 34.7
Underwriting reserves/earned premiums (net) 233.8 % - 0.6 %-pts. 233.2 % 234.0 %

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 2020

Country/origin (in thousand euros)
Legal insurance
Property and accident
Health insurance
Germany 416,824 216,166 430,180
Netherlands 106,029
Spain 61,249 26,704
Italy 32,542 4,100
USA 130,850
Austria 73,539
Norway 41,647
UK* 5,043 2,145
Belgium 27,130
Greece 3,462
Slovenia 2,782
Sweden 4,814
Portugal 608 356
Republic of Ireland 3,787 198
Canada*
Denmark 11
Australia*
Total 910,317 249,668 430,180
 

Assumed reinsurance business 2020

Country/origin (in thousand euros)
Legal Insurance
Property and accident
Germany 53
Netherlands 68,397
Spain 27,132 12,920
Italy 117,112 317
USA 695
Austria
Norway
UK* 25,501
Belgium 1,308
Greece 1,424
Slovenia
Sweden
Portugal 4
Republic of Ireland 2,998 474
Canada* 162
Denmark
Australia* 17
Total 244,750 13,763
 

*The reinsurance business involving risk in the UK, Canada and Australia is underwriting by ARAG SE in Düsseldorf.