Kopfgrafik

Facts and figures

You can calculate our success.

Delvag facts and figures – on these pages we have compiled our economic data so you can gain an overview quickly and easily.
Keyfigures   2020 2019
Gross premiums written TSD € 73,866 107,916
Net premiums written TSD € 47,966 68,469
Retention rate % 65.0 63.4
Claims incurred TSD € 32,938 49,574
Loss ratio % 67.1 73.6
Results from ordinary business activities TSD € 12,444 12,809
Investments TSD € 164,250 150,766
Shareholders equity TSD € 59,860 59,860
Net insurance reserves TSD € 107,668 121,722
Balance sheet TSD € 218,270 218,297

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 08/2020).

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 downgrade of the rating from "A" reflects mainly the change in the credit rating of Deutsche Lufthansa due to the worldwide decline in air traffic caused by the COVID 19 pandemic. Almost all airlines are affected by the impact. 

The negative outlook reflects the risk that a slow recovery in the aviation industry could lead to a deterioration in Delvag's key performance indicators. In addition, A.M. Best believes that there is also the potential for a possible further deterioration of Lufthansa's 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

Andrej Cepuran
Head of external reporting

Fon +49 221 8292 286
E-Mail