2022: Good financial year for INTER / Group increases
Gross premiums – Another very good investment result in health –
Strong Year in Life – Positive Net Income in Composite
Mannheim (ots) – The INTER Group based in Mannheim can look back on good things
Fiscal year 2022 back. The gross premiums written in the Group were
increased and equity further strengthened. The INTER
Krankenversicherung AG again had a very good year in the financial year
achieve investment results. INTER Lebensversicherung AG recorded
a profitable year with a significantly higher gross surplus than in the previous year.
INTER Group
Overall, INTER was able to do well in 2022, exceeding expectations
Group earnings of EUR 24.9 million (previous year: EUR 27.4 million). The
Gross premiums written increased by 1.7 percent to EUR 949.3 million.
This growth results both from the composite business (plus EUR 8.5 million)
and the health division (plus EUR 11.1 million).
This has been above the industry average for many years
Investment income again developed very positively and came in at 340.0
million euros by 48.4 million euros significantly above expectations. crucial
this is due to the again very positive development in the portfolio of alternatives
Investments, primarily in the private equity and private debt segments. In the course of
Hidden encumbrances were realized in a targeted manner in investment activities in order to generate higher interest
To be able to make new investments and thus to strengthen the yields in the future.
The balance sheet total increased last year to around EUR 11.3 billion (plus
3.5 percent). Equity increased by 4.4 percent to EUR 578.6 million
be increased.
The number of employees in the Group in
In the 2022 financial year, office and field staff averaged 1,638
people (previous year: 1,688). The number of employees in the
Management in Mannheim was 983 people on the reporting date (previous year: 1,013).
INTER Group
Gross premiums written: EUR 949.3 million (+ 1.7 percent)
Total assets: EUR 11,290.7 million (+ 3.5 percent)
Investment result (net): EUR 340.0 million (- 6.6 percent)
Group equity: EUR 578.6 million (+ 4.4 percent)
Net income: EUR 24.9 million (- 9.1 percent)
INTER Versicherungsverein aG
INTER Versicherungsverein aG, which essentially has a holding function
perceives, closed the financial year with a net income of 18.7 million
EUR (previous year: EUR 6.9 million), which largely stems from the dividend from INTER Kranken
results.
Equity amounted to EUR 346.0 million (previous year: EUR 327.3 million). With it
the INTER association was able to increase its equity base again.
INTER Versicherungsverein aG
Investment portfolio: EUR 344.8 million (+ 5.7 percent)
Investment result: EUR 19.8 million (+ 190.1 percent)
Net income: EUR 18.7 million (+ 169.6 percent)
Equity: EUR 346.0 million (+ 5.7 percent)
INTER Health Insurance Ltd
INTER Kranken once again generated a very good financial year
Earnings at which policyholders participate in the course of profit sharing
were much more involved than in previous years (to 94
percent, previous year: 87 percent). The gross surplus of EUR 170.1 million fell as planned
lower than in the previous year, but was around EUR 38 million higher than the
Expectations. The equity ratio was 36.6 percent (previous year: 36.1 percent) and
was thus also well above the market average in 2022.
Gross premiums written increased by 1.5 percent to EUR 751.9 million
(previous year: 740.8 million euros). Administrative expenses decreased by 2.0
percent and the administrative expense ratio fell slightly to 2.72 percent (previous year:
2.82 percent).
“The investment result again developed very well in the past year
positive – thanks to our high-yield investments in alternative investments – and
was well above our expectations at EUR 277.3 million,” summarized
INTER CFO Dr. Sven Koryciorz. “We were able to make noticeable changes
observed, however, in the expenses for insurance claims. These increased
increased by 7.4 percent to EUR 633.7 million in the past financial year.
In addition to medical inflation, the main drivers for this are special effects,
resulting from the Covid-19 situation. These are for example
Shifts in the use of services, cost-intensive
Covid-19 treatments or hygiene supplements. In addition, the industry standard
increases in reimbursement amounts in long-term care insurance
contributing to the increase in claims payments.”
INTER Health Insurance Ltd
Gross premiums written: EUR 751.9 million (+ 1.5 percent)
Investment portfolio: EUR 6,472.0 million (+ 4.2 percent)
Investment result: EUR 277.3 million (- 3.0 percent)
Net return: 4.37 percent (previous year: 4.71 percent)
Gross surplus: EUR 170.1 million (- 20.3 percent)
Equity: EUR 277.5 million (- 2.8 percent)
Equity ratio: 36.6 percent (previous year: 36.1 percent)
INTER Life Insurance Ltd
INTER Leben can look back on a profitable 2022 financial year. The
Gross surplus grew significantly from EUR 17.9 million in the previous year to EUR 31.4 million
at. Gross premiums written fell slightly from EUR 86.5 million in
previous year to EUR 83.0 million. The current result has changed in the capital investment
improved enormously with 63.3 million euros (plus 8.2 million euros). In the course of an active
System control, hidden loads were realized. The sales proceeds could
reinvested with a higher rate of interest and thus the current income in the
be strengthened in the future. The very good regulatory solvency coverage ratio was
at 608 percent after 504 percent in the previous year.
“The market environment for life insurance remained very stable last year
challenging”, reports Chief Sales Officer Michael Schillinger. “The
economic consequences of the Ukraine war and the financial burdens of
private households due to increased consumer prices, coupled with the
Backlog demand for consumer goods after the end of the corona restrictions, as well as the
only slowly recovering interest rate situation for consumers have the demand
noticeably depressed after savings products.”
INTER Life Insurance Ltd
Gross premiums written: EUR 83.0 million (- 4.1 percent)
Investment portfolio: EUR 1,588.5 million (+ 0.3 percent)
Investment result: EUR 53.2 million (- 18.2 percent)
Net return: 3.36 percent (previous year: 4.15 percent)
Gross surplus: EUR 31.4 million (+ 75.7 percent)
Equity: EUR 37.6 million (+ 5.6 percent)
Equity ratio: 26.3 per thousand (previous year: 24.8 per thousand)
INTER General Insurance Ltd
INTER Allgemeine closed the 2022 financial year with a profit for the year
from 0.8 million euros. Gross premiums written increased by 5.8 percent
EUR 72.5 million (previous year: EUR 68.5 million). The investment result increased
significantly by 19.3 percent to EUR 2.6 million (previous year: EUR 2.2 million). The
Net claims expenses fell by 1.6 percent to EUR 32.1 million (previous year:
32.6 million euros).
“We are very happy about the positive development of INTER Allgemeine.
Especially in the branches of liability and technical
Insurance companies are seeing significant growth,” reports the spokesman for the board
Roberto Svenda. “The claims development was also with a gross claims ratio
of 56.3 percent (previous year: 68.3 percent) was extremely positive. Along with the good
Investment result, this led to a net profit for the year of 0.8
Million Euro.”
INTER General Insurance Ltd
Gross premiums written: EUR 72.5 million (+ 5.8 percent)
Investment portfolio: EUR 124.8 million (+ 9.1 percent)
Investment result: EUR 2.6 million (+ 19.3 percent)
Net return: 2.16 percent (previous year: 1.91 percent)
Annual surplus: 0.8 million euros (previous year: – 0.8 million euros)
Equity: EUR 30.4 million (+ 2.7 percent)
Equity ratio: 42.6 percent (previous year: 43.7 percent)
Annual outlook 2023
The year 2023 is also marked by the war in Ukraine and the resulting ones
resulting high energy prices and globally high inflation rates. “This
Political and economic framework conditions pose for every company
a great challenge,” emphasizes CEO Roberto Svenda.
“Nevertheless, we expect an overall earnings development for the INTER Group
at the previous year’s level. In addition, we assume that the increased
Interest rate levels support the profitability of personal insurance and
contribute to the long-term contribution stability in private health insurance
becomes. In addition, the turnaround in interest rates means that in life insurance no
additional funds are to be allocated to the additional interest reserve. This has a positive effect
on the company’s gross surplus.”
The INTER Group will also be particularly affected by the cost development in 2023
Pay attention without forgoing sensible investments.
The security-oriented strategy in capital investments is becoming consistent
continued. In the area of interest investments, the focus is primarily on titles with very
good credit invested. At the same time, the portfolio is being built up in the area
of high-yield alternative investments.
In addition to the external influences, the strategy of the INTER Group offers opportunities
from the insurance group: “Customer satisfaction also plays a role
continues to play a central role in our customer acquisition and retention”,
emphasizes Roberto Svenda. “We have successfully set up our IT landscape
converted to a new base and will be replacing the previous one
Inventory management systems with modern, future-proof software in the
complete in the next two years.
Through the further development of our products and the holistic
Consulting approach for specific customer groups, these are demand-oriented
provided. In this way we will increase the number of sales partners
increase and increase customer satisfaction, which has a positive effect on the
new business development is transferred. We have positive experiences with
our company agreement ‘mobile work’, which has been in effect since June 1, 2022.
This offers our workforce a maximum of flexibility in choosing whether
working from home or in the office.”
About the INTER
The INTER Insurance Group is an independent group that offers a comprehensive
range of products for private and commercial customers. Special offers
are aimed in particular at doctors and craftsmen. At the top is the INTER
Versicherungsverein aG. It essentially takes a holding function for that
directly or indirectly held subsidiaries. these are
in particular INTER Krankenversicherung AG, INTER Lebensversicherung AG,
INTER Allgemeine Versicherung AG, Bausparkasse Mainz AG and the two
Polish insurer TU INTER Polska SA and TU INTER-ZYCIE Polska SA Die
INTER insurance group also cooperates extensively with Freie Arzt- und
Medical insurance fund for members of the professional fire brigade and the police VVaG (FAMK).
based in Frankfurt.
Note on the numbers
Occasionally there may be rounding differences. PY=previous year
Press contact:
INTER insurance group
corporate communications
Andre Dinzler
(0621) 427-1334
mailto:[email protected]
Further material: http://presseportal.de/pm/25270/5556506
OTS: INTER insurance group