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Business Year 2019

ARAG reported gross written premium income of € 1.76 billion as compared to € 1.65 billion in 2018. That amounts to a gain of € 110 million or 6.6 percent. Consolidated turnover - including revenue from ARAG service companies - came to € 1.79 billion. The underwriting result reached another ten-year high at € 98.5 million. Profit on ordinary activities rose sharply by 70.7 percent to € 119.9 million. With net after-tax income of € 77.5 million, ARAG achieved the best result in its history.

 

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)
2019
Change
2018
2017
Sales
Gross premiums written 1,763.5 6.6 % 1,653.7 1,585.0
Earned premiums for own account 1,752.0 6.8 % 1,640.0 1,570.6
Sales revenues of non-insurance subsidiaries 24.0 - 0.3 % 24.1 25.4
Costs
Cost of claims for own account 936.5 7.6 % 870.0 854.0
Claims ratio (basis: earned premiums) 53.5 % 0.4 %-pts. 53.1 % 54.4 %
Cost of insurance business for own account 618.4 6.1 % 582.7 558.4
Cost ratio (basis: earned premiums) 35.3 % - 0.2 %-pts. 35.5 % 35.6 %
Overview of profit and loss
Underwriting result for own account 98.5 1.1 % 97.4 73.5
Income from capital investments 156.9 93.3 % 81.2 136.1
portion included in underwriting result 78.0 47.6 % 52.8 74.5
Other income/expenses - 56.6 9.5 % - 51.7 - 52.2
Profit on ordinary activities 119.9 70.7 % 70.2 81.2
Net income before external components 77.5 123.1 % 34.7 27.8
Underwriting reserves/earned premiums (net) 233.2 % - 0.8 %-pts. 234.0 % 233.2 %

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 2019

Country/origin (in thousand euros)
Legal insurance
Property and accident
Health insurance
Germany 394,713 214,782 393,198
Netherlands 103,975
Spain 58,637 52,423
Italy 31,692 4,458
USA 120,120
Austria 69,552
Norway 47,538
UK* 4,162 220
Belgium 25,974
Greece 4,411
Slovenia 2,627
Sweden 2,361
Portugal 638 687
Republic of Ireland
Canada*
Denmark 95
Australia*
Gesamt 866,494 272,570 393,198
 

Assumed reinsurance business 2019

Country/origin (in thousand euros)
Legal Insurance
Property and accident
Germany 70
Netherlands 59,484
Spain 25,647 12,097
Italy 105,383 274
USA 2,295
Austria
Norway
UK* 24,001
Belgium 1,192
Greece 136
Slovenia
Sweden
Portugal 5
Republic of Ireland 483
Canada* 175
Denmark
Australia* 1
Total 218,801 12,441
 

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