Facts and figures
You can calculate our success.
| Keyfigures | 2022 | 2021 | |
|---|---|---|---|
| Gross premiums written | TSD € | 79,263 | 80,356 |
| Net premiums written | TSD € | 52,604 | 45,974 |
| Retention rate | % | 66.4 | 57.2 |
| Claims incurred | TSD € | 24,380 | 19,008 |
| Loss ratio | % | 46.2 | 41.3 |
| Results from ordinary business activities | TSD € | 14,190 | 16,447 |
| Investments | TSD € | 150,592 | 155,604 |
| Shareholders equity | TSD € | 59,860 | 59,860 |
| Net insurance reserves | TSD € | 94,197 | 86,842 |
| Balance sheet | TSD € | 209,471 | 207,850 |
Rating
On December 21, 2023, A.M. Best upgraded Delvag's Financial Strength Rating to A (Excellent, stable outlook) from A- (Excellent, stable outlook). The Long-Term Issuer Credit Rating was also upgraded to a (Excellent, stable outlook) from a- (Excellent, stable outlook).
The improved rating reflects Delvag's balance sheet strength and good operating performance as well as its prudent risk management.
The rating upgrades are also based on Lufthansa's improved creditworthiness, which is linked to strong performance in 2022 and 2023 and an improvement in the Group's liquidity position.
Current annual reports and publications
Here you can find Delvag’s annual report and other publications as PDFs to read online.
Contact us.
Björn Mayer
Head of external reporting