2016 financial year: Gothaer posts sound result and again strengthens equity base

Cologne, 30 May 2017 – The Gothaer Group is submitting sound figures for the 2016 financial year: the consolidated annual surplus rose 17.4% to €162 million. The Group's equity grew 8.8% to reach €2.004 million at the end of 2016. Gross premiums written in 2016, at €4.411 billion, dipped (-2.3%) compared with the previous year owing to the launched consolidation process. In a historic low-interest environment, the Gothaer Group can report good investment results overall: the result earned from investments rose 32.8% to €1,612 million

Gross premiums written by Gothaer Allgemeine Versicherung AG, the Gothaer Group's casualty/property insurer, at € 1,723 million, were 1.2% above the 2015 level. The company showed sound growth with a clear success focus and was able to perceptibly improve its loss ratio.