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Annual Press Conference 2018

ARAG Group repositioned and remains on course for success
  • Persistently strong growth in all Group segments
  • Above-average premium gain in Germany (+3.3 percent)
  • Dynamic growth in international business
  • Combined ratio very good at 89.9 percent in spite of business expansion
  • Underwriting result substantially improved (+10 percent)
  • ARAG continues to grow in the first half of 2018 and is expanding into Australia

"Our transition year 2017 went much better than expected, and the results clearly show that the reorientation of our Group has given us new, fresh momentum," explained Dr. Paul-Otto Faßbender, Chairman and majority shareholder of the ARAG Group, at the Group's annual press conference.

As a result of the sale of its life insurance business, premium income for the ARAG Group decreased in purely arithmetical terms by 8.4 percent during the reporting period. The Group is now fully focused on its composite and health insurance business. Gross written premiums in these segments rose substantially by € 69 million (or 4.6 percent) to € 1.59 billion in 2017. Thus nearly one-third of the premium losses resulting from the sale of the life insurance business were offset. Total Group premiums and revenues – including revenues generated by the service companies, amounted to € 1.61 billion. The underwriting result improved markedly, with a 10.2-percent increase to € 73.5 million – the best figure reported in the last ten years. At € 81.2 million, profit on ordinary activities was also good and clearly exceeded the original expectations.