Facts and figures
You can calculate our success.
| Keyfigures | 2021 | 2020 | |
|---|---|---|---|
| Gross premiums written | TSD € | 80,356 | 73,866 |
| Net premiums written | TSD € | 45,974 | 47,966 |
| Retention rate | % | 57,2 | 65.0 |
| Claims incurred | TSD € | 19,008 | 32,938 |
| Loss ratio | % | 41.3 | 67.1 |
| Results from ordinary business activities | TSD € | 16,447 | 12,444 |
| Investments | TSD € | 155,604 | 164,250 |
| Shareholders equity | TSD € | 59,860 | 59,860 |
| Net insurance reserves | TSD € | 86,842 | 107,668 |
| Balance sheet | TSD € | 207,850 | 218,270 |
Rating
Delvag Versicherungs-AG was given a financial strength rating of "A-" (negative outlook) by A.M. Best. The companies issuer credit rating is also "a-" (as of 08/2021).
According to A.M. Best, the rating reflects in particular the very good balance sheet strength - which A.M. Best considers to be very strong -, the solid operating results and the appropriate risk management of Delvag. The ratings also take into account Delvag's function as an insurer within the Lufthansa Group. In this context, the negative outlook primarily reflects the uncertainty surrounding the ongoing impact of the COVID 19 pandemic on Lufthansa's core business and credit profile.
Current annual reports and publications
Here you can find Delvag’s annual report and other publications as PDFs to read online.
Contact us.
Andrej Cepuran
Head of external reporting