Reinsurance
In € million |
2025 |
2024 |
2023 |
|---|---|---|---|
Insurance revenue |
1,406.1 |
1,264.4 |
1,124.8 |
Insurance service expenses |
–1,224.1 |
–1,234.9 |
–1,034.4 |
Reinsurance service result |
–81.2 |
–7.8 |
–55.5 |
Insurance service result |
100.9 |
21.8 |
34.9 |
Financial result |
49.9 |
62.0 |
60.5 |
Net investment income |
89.9 |
90.7 |
100.8 |
Non-technical result |
–2.5 |
2.1 |
–0.7 |
Earnings before taxes |
142.4 |
80.1 |
89.4 |
Change in insurance revenue
Insurance revenue from the reinsurance segment rose in 2025 by 11.2 per cent to €1,406.1 million (2024: €1,264.4 million).
Change in insurance service expenses
Insurance service expenses decreased in 2025 by 0.9 per cent to €1,224.1 million (2024: €1,234.9 million).
Reinsurance service result
The reinsurance service result fell in 2025 to €–81.2 million (2024: €–7.8 million).
Insurance service result
The insurance service result in the reinsurance segment rose significantly in 2025 to €100.9 million (2024: €21.8 million).
Financial result
Net investment income fell in 2025 to €89.9 million (2024: €90.7 million). The financial result also decreased to €49.9 million (2024: €62.0 million).
Non-technical result
The non-technical result in 2025 amounted to €–2.5 million (2024: €2.1 million).
Earnings before taxes
Operating profit rose by 72.5 per cent to €148.2 million (2024: €85.9 million) due to the increase in the insurance service result. Earnings before taxes in the reinsurance segment improved to €142.4 million (2024: €80.1 million).