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GOTHAER: 2017 Financial Year: Gothaer Strengthens Substance and Drives Forward Group Restructuring

Press Release - Cologne, 15 May 2018

2017 Financial Year: Gothaer Strengthens Substance and Drives Forward Group Restructuring

  • Consolidated net income for the year rises 5.6% to €165 million
  • Group equity up 8.0% to €2,154 million
  • Solvency ratio further improved and ratings confirmed
  • Important milestones reached in digitization and realignment of the Group

The Gothaer Group can present good figures for the 2017 financial year: the consolidated net income rose 5.6% to €165 million. Part of this was used to strengthen the equity base. Equity grew 8.0% and stood at €2,154 million at the end of 2017. Gross premiums written at Group level rose 0.3% to €4,424 million. “Gothaer posted a sound result again in 2017. In property/casualty insurance in particular, we were able to continue our growth course,” says Dr. Karsten Eichmann, Group CEO. The largest risk carrier – Gothaer Allgemeine Versicherung AG – achieved an increase of 5.8% in premiums written (according to Germany’s Commercial Code (HGB)). “At the same time, we have reached important milestones in the implementation of our Gothaer 2020 Group strategy: the digitization of our business model is progressing in all parts of the Company and new, more efficient structures and processes have been set in motion,” says Eichmann.

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