The ARAG Group has reported positive results for fiscal year 2024, achieving a 17.5% premium growth. Revenue for the fiscal year increased by €416 million to approximately €2.8 billion. Although the underwriting result decreased to €96 million due to higher claims expenses, the result from normal business activities reached a record €141 million. Net profit remained steady at €76 million.
Renko Dirksen, speaker of the ARAG SE management board, described 2024 as a significant milestone for the Group. “For the first time, we consolidated the business of the former DAS UK, resulting in the largest growth leap in our company’s history. Even without this acquisition, we achieved solid organic growth, and our earnings performance exceeded our December forecasts. Overall, it was a very successful financial year,” he stated.
In the German market, strong demand in legal and health insurance sectors led to a nearly 13% increase in premium income to €1.6 billion. International operations contributed €1.18 billion in premiums, representing a 24% increase. By the end of 2024, the Group’s portfolio included over 13 million contracts.
The combined ratio at the group level rose to 90.6% from 87.6% the previous year, driven by increased claims payments, which grew from €1.2 billion to €1.5 billion. The claims ratio increased from 51.2% to 54.6%, influenced by growth, higher claims frequency, and inflation. However, investment income grew by 33% to €161.5 million, supported by favorable market conditions and gains from restructuring.
The legal insurance segment, the Group’s largest, increased premiums by 17% to €1.65 billion, partly due to the UK acquisition. The health insurance segment also grew by 17%, generating €749 million in premiums. The composite segment saw a 21.5% rise to €388 million, attributed to the UK reorganisation.
In the first quarter of 2025, ARAG reported premium growth of over 12% to €898 million. The German business grew by 12%, with health insurance rising 20% and legal insurance by 6%. International business increased by nearly 12%.
“These are demanding times, and challenges will continue. ARAG is well-prepared, thanks to our strategic course set over the past decade. We’re exactly where our customers need us to be, and we’ll continue to build on this advantage as we enter our company’s 90th year,” Dirksen said.
