Brief: Deutsche Familienversicherung FY EBIT Loss Widens To EUR 10.6 Million

DFV Deutsche Familienversicherung AG

18/03/2021 14:15

March 18 (Reuters) - DFV DEUTSCHE FAMILIENVERSICHERUNG AG
 DFV.DE :
    * ACHIEVES GROWTH TARGETS IN 2020 DESPITE CORONA PANDEMIC
AND
CONTINUES DYNAMIC GROWTHDEUTSCHE FAMILIENVERSICHERUNG ACHIEVES
GROWTH TARGETS IN 2020 DESPITE CORONA PANDEMIC
    * 2021: SEES ABOVE-AVERAGE DOUBLE-DIGIT INCREASE IN PREMIUM
VOLUME
AND SIGNIFICANT REDUCTION IN OPERATING LOSS (EBIT)
    * FY GROSS PREMIUMS WRITTEN NOW AT EUR 114.7 MILLION (2019:
EUR
90.9 MILLION)
    * GROUP OPERATING RESULT (EBIT) AMOUNTED TO EUR -10.6
MILLION IN
2020 FINANCIAL YEAR (2019: EUR -5.2 MILLION)
    * IF CURRENT BUSINESS POLICY IS CONTINUED, COMPANY PLANS TO
BREAK
EVEN IN 2022 FINANCIAL YEAR.
    * DFV AIMS TO INCREASE GROSS PREMIUMS WRITTEN AGAIN BY
AROUND 25 %
AND PLANS TO REDUCE OPERATING LOSS FOR YEAR (EBIT) TO
APPROXIMATELY EUR 4 MILLION IN 2021

Source text for Eikon:  ID:nEQcdNykfa 
Further company coverage:  DFV.DE 

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