Reinsurance
In € million |
2024 |
2023 |
2022 |
|---|---|---|---|
Insurance revenue |
1,264.4 |
1,124.8 |
1,015.4 |
Insurance service expenses |
–1,234.9 |
–1,034.4 |
–938.1 |
Technical result from reinsurance |
–7.8 |
–55.5 |
–5.3 |
Technical result |
21.8 |
34.9 |
72.0 |
Financial result |
62.0 |
60.5 |
–43.3 |
Net investment income |
90.7 |
100.8 |
–44.8 |
Non-technical result |
2.1 |
–0.7 |
–1.2 |
Earnings before taxes |
80.1 |
89.4 |
24.5 |
Change in insurance revenue
The insurance revenue from the reinsurance segment rose in 2024 by 12.4 per cent to € 1,264.4 million (2023: € 1,124.8 million).
Change in insurance service expenses
Insurance service expenses in 2024 increased by 19.4 per cent to € 1,234.9 million (2023: € 1,034.4 million).
Technical result from reinsurance
The technical result from reinsurance in 2024 improved to €–7.8 million (2023: €–55.5 million).
Technical result
The technical result in the reinsurance segment declined in 2024 to € 21.8 million 2023: € 34.9 million).
Financial result
Net investment income decreased in 2024 to € 90.7 million (2023: € 100.8 million). The financial result rose slightly to € 62.0 million (2023: € 60.5 million).
Non-technical result
The non-technical result amounted to € 2.1 million in 2024 (2023: €–0.7 million).
Earnings before taxes
The operating profit dropped by 9.4 per cent to € 85.9 million due to the decline in the technical result (2023: € 94.8 million). Earnings before taxes in the reinsurance segment decreased to € 80.1 million (2023: € 89.4 million).