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Annual Press Conference 2017

ARAG Group reports further strong premium gains and a substantial increase in profits
  • ARAG Group posts stable growth once again, with a 4.4 percent increase in premium revenue
  • Income from German business up by 2.9 percent
  • Further significant growth in premium income (7.6 percent) in international markets
  • Combined ratio declines to 91.5 percent
  • Significantly improved profit on ordinary activities
  • ARAG makes an outstanding start in current fiscal year 2017

"ARAG presented itself in very good shape again in 2016. Processes and procedures are well coordinated. Our sales, products and services meet the needs of our customers. Our key business figures show that we are success-oriented, highly motivated and working like a finely tuned machine at all levels," noted Dr. Paul-Otto Faßbender, CEO and majority shareholder of the ARAG Group, at the Annual Press Conference.

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.