2024 financial year: BarmeniaGothaer achieves notable above-market growth
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EQS-Ad-hoc: Gothaer Allgemeine Versicherung AG / Key word(s): Preliminary Results/Preliminary Results Cologne/Wuppertal, 6 December 2024 – Co-CEOs Dr. Andreas Eurich and Oliver Schoeller will present the preliminary figures for the current financial year to the press at today’s annual financial statements press conference. The BarmeniaGothaer Group is expected to report premium revenues of € 8.52 billion – an increase of 6.1 percent compared to the previous year – and growth of 2.4 percentage points above market level.[1] The Group equity base is expected to reach a solid value of around € 2 billion by the end of the year. Gross premiums written by Gothaer Allgemeine Versicherung AG in the region of € 2.6 billion are anticipated. This represents a 9.3 percent increase versus 2023 and clear above-market growth. The combined ratio (gross) is expected to be around 94 per cent. Rating agency S&P Global Ratings (S&P) raised the outlook from “stable” to “positive” and confirmed the “A” rating of Gothaer Allgemeine Versicherung AG, Gothaer Lebensversicherung AG and Gothaer Krankenversicherung AG in June 2024 in light of the merger between Barmenia and Gothaer. S&P’s upward revision of the outlook has opened up an opportunity to improve the current rating by a further increment to “A+” within the next 12 to 24 months.[2]
Your contact Ulrich Otto Corporate Communications Tel.: +49 (0) 0221/ 308-34614 Fax: +49 (0) 0221/ 308-34530 BarmeniaGothaer Finanzholding AG Gothaer Allee 1, 50969 Köln Email: ulrich.otto@gothaer.de
[1] GDV extrapolation – as at 24 October 2024 [2] Further information can be found in the press release dated 29 July 2024 at the following link: https://www.mynewsdesk.com/de/barmeniagothaer/pressreleases/s-und-p-bestaetigt-rating-ergebnisse-der-gothaer-und-stuft-ausblick-auf-positiv-hoch-3335345 End of Inside Information
06-Dec-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Gothaer Allgemeine Versicherung AG |
| Gothaer Allee 1 | |
| 50969 Köln | |
| Germany | |
| Phone: | +49 (0)221-308-34531 |
| Fax: | +49 (0)221-308-34530 |
| Internet: | www.gothaer.de |
| ISIN: | DE000A168478 |
| WKN: | A16847 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange |
| EQS News ID: | 2045489 |
| End of Announcement | EQS News Service |
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2045489 06-Dec-2024 CET/CEST
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