Hashtag
Times Advertising

Deutsche Rück Group maintains profit-oriented growth course

DÜSSELDORF, GERMANY - Newsaktuell - 21 May 2025 - The Deutsche Rück Group further expanded its business in the 2024 financial year while simultaneously strengthening its financial position. Gross premiums written grew in all business areas, rising significantly by 18.3% to around €2.1 billion.

Net premiums earned increased by 17.5% to €1.4 billion. Growth came from both international markets and the German domestic market. Total security resources rose by €375.8 million to more than €3.1 billion.

Frank Schaar, CEO Deutsche Rück Group
Frank Schaar, CEO Deutsche Rück Group

The highest premium increases came from the liability, accident and motor insurance business and the other lines of insurance. In the liability, accident and motor insurance lines, the second-largest segment of Deutsche Rück's portfolio, gross premiums rose by 23.9% to €485.8 million. Gross premium income in property insurance, which accounts for more than two-thirds of Deutsche Rück Group's gross premiums, also grew strongly by 16.5% to €1.4 billion.

In life business, the Deutsche Rück Group recorded a 9.7% increase in gross premiums to €84.2 million. In the 2024 financial year, the Deutsche Rück Group expanded its life and health reinsurance business to the markets of the Middle East and North Africa.

"We grew strongly and profitably in all business areas in 2024," says Frank Schaar, Chief Executive Officer of the Deutsche Rück Group. "Our strategy of gradually and purposefully internationalising our business over the recent years is paying off."

The Group generated investment income of €74.8 million and achieved a net profit after taxes of €14.5 million (previous year: €12.0 million).

Deutsche Rückversicherung AG and its subsidiary Deutsche Rückversicherung Switzerland Ltd offer reinsurance cover on the European insurance market and selected international markets. Thanks to outstanding long-term credit ratings and consistent market performance, the Group companies are much sought-after and well-established in Germany as one of the leading reinsurers.

Deutsche Rück logo

Hashtag: #DeutscheRück

The issuer is solely responsible for the content of this announcement.

Business News

The Advantages of Professional Excavation Services for Residential and Commercial Projects

Excavation is a critical first step in any construction project, whether it involves building a new home, preparing land for development, or completing large-scale commercial work. Many property own...

Hashtag.net.au - avatar Hashtag.net.au

Emergency Pipe Repairs: What to Do Before Help Arrives

Plumbing emergencies can happen without warning, and when they do, quick action is critical to minimise damage. Many homeowners rely on emergency pipe repair in Sydney by Pipe Relining Solutions to ...

Hashtag.net.au - avatar Hashtag.net.au

How Activated Carbon Works to Remove Impurities from Water and Air

Activated carbon is widely used in filtration systems due to its ability to remove contaminants from both water and air effectively. Many industries and households rely on James Cumming Australian A...

Hashtag.net.au - avatar Hashtag.net.au

Compressed Air Pipe and Fittings: The Definitive Guide to Designing and Specifying a High-Performance Industrial Air System

Compressed air is the invisible workhorse of Australian industry. In manufacturing plants, automotive workshops, food processing facilities, mining operations, and construction sites across the coun...

Hashtag.net.au - avatar Hashtag.net.au

Top 7 Remote Work Ideas for Professionals in Australia

Flexible employment has quickly become a defining feature of modern careers in Australia. Many professionals prefer remote work to have better control over their schedules. Businesses have also realis...

Hashtag.net.au - avatar Hashtag.net.au

How Condition Based Monitoring Improves Reliability in Industrial Equipment

Modern industrial operations rely on complex machinery and systems that must operate continuously under demanding conditions. From manufacturing facilities to energy plants and hydraulic systems, equi...

Hashtag.net.au - avatar Hashtag.net.au

Health & Wellness

Why An Emergency Dental Clinic Melbourne Is Essential For Immediate Dental Care

Hashtag.net.au - avatar Hashtag.net.au

Dental emergencies rarely arrive with a polite warning. They burst in like an unexpected storm, bringing pain, discomfort, and urgency. In such moments, having access to a reliable emergency dental ...

Specialist Disability Accommodation Explained: What It Is, Who Qualifies, and How to Access It in Perth

Hashtag.net.au - avatar Hashtag.net.au

For many Australians living with significant disability, the question of where to live — and how to live there safely and comfortably — is one of the most important and most complex they will ever f...

How Smart Site Managers Source Wholesale Medical Supplies to Keep Their Teams Safe and Compliant

Hashtag.net.au - avatar Hashtag.net.au

If you're running a construction site, a civil project, or a trade-based operation anywhere in Australia, first aid preparedness probably sits somewhere near the bottom of your planning checklist — ...