Delvag facts and figures – on these pages we have compiled our economic data so you can gain an overview quickly and easily.
Facts, figures and publications
You can calculate our success.
You can calculate our success.
| Keyfigures | 2023 | 2022 | |
|---|---|---|---|
| Premiums written - gross | k € | 84,808 | 79,263 |
| Premiums written - net | k € | 57,729 | 52,604 |
| Retention rate | % | 68.1 | 66.4 |
| Claims incurred - net | k € | 43,433 | 24,380 |
| Loss ratio - net | % | 76.2 | 46.3 |
| Profit before tax | k € | 19,942 | 14,190 |
| Investments (incl. deposits receivable) | k € | 157,736 | 150,592 |
| Net interest (without deposits receivable) | % | 12.8 | 8.4 |
| Technical provisions - net | k € | 106,167 | 94,197 |
| Ordinary share capital | k € | 25,000 | 25,000 |
| Equity | k € | 59,860 | 59,860 |
| Total balance | k € | 228,928 | 209,471 |
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.
