The ARAG Group has reported positive financial results for fiscal year 2024, marking the largest growth trajectory in the company’s history. The insurer achieved premium growth of 17.5%, with revenue increasing by €416 million to approximately €2.8 billion.
Renko Dirksen, speaker of the management board of ARAG SE, attributed the significant growth to the consolidation of the former DAS UK business. “For the first time, we consolidated the business of the former DAS UK. This has resulted in the largest growth leap in our company’s history. But even without the acquisition, the group achieved solid organic growth,” Dirksen explained.
Financial Highlights
- Premium income in the German market rose by nearly 13% to €1.6 billion
- International operations contributed €1.18 billion in premiums, a 24% increase
- The group’s portfolio included over 13 million contracts by the end of 2024
- The legal insurance segment increased premiums by 17% to €1.65 billion
- The health insurance segment grew by 17%, generating €749 million in premiums
The combined ratio at group level rose to 90.6% from 87.6% the previous year, driven by increased claims expenses. Claims payments grew from €1.2 billion to €1.5 billion, while the claims ratio rose from 51.2% to 54.6%. Investment income, however, saw a 33% increase to €161.5 million, supported by favorable market conditions and restructuring gains.
Outlook
In the first quarter of 2025, ARAG continued its growth trajectory, reporting premium growth of more than 12% to €898 million. The German business grew by 12%, with health insurance rising 20% and legal insurance 6%. International business increased by nearly 12%.
Dirksen emphasized the company’s preparedness for future challenges: “These are demanding times, and the challenges will continue. ARAG is well prepared. Thanks to the strategic course we have set over the past 10 years, we are now exactly where our customers need us to be.”
