DFV Deutsche Familienversicherung AG · LSX:A41YH3
DFV Deutsche Familienversicherung — Q1 2023 Earnings Presentation
10 slides from DFV Deutsche Familienversicherung's earnings presentation, May 17, 2023
Slide 1: Financial results Q1 2023
Financial results Q1 2023 DFV Deutsche Familienversicherung AG 17 Mai 2023
Slide 2: Welcome
Welcome 2
Slide 3: New group reporting from 2023
Financial results Q1 2023 New group reporting from 2023 Group reporting with a new look DFV has adopted the new standards IFRS 17 ‘Insurance contracts’ and IFRS 9 ‘Financial instruments’ in January 2023. New measurement models, new presentation and extended disclosure requirements. For conceptual gu
Slide 4: Financial results Q1 2023
Financial results Q1 2023 +5 % +39 % 95 % Insurance revenue Insurance service Combined ratio growth result Insurance revenue and insurance service result: change year-over-year 4
Slide 5: Insurance service result as a new performance indicator
Financial results Q1 2023 Insurance service result as a new performance indicator Statement of comprehensive income €m Q1 2022 Q1 2023 Delta in % 1 New line item insurance revenue, also containing the unlocking of the contractual Insurance revenue 46.4 49.0 +2.5 service margin (CSM) which contains f
Slide 6: Volatile IFRS net financial result – 2023 profit guidance is confirmed
Financial results Q1 2023 Volatile IFRS 9 net financial result – 2023 profit guidance is confirmed Statement of comprehensive income €m Q1 2022 Q1 2023 Delta in % 1 Volatility of the net financial result: Unrealised fair value reductions in the in- Insurance service result 1.7 2.4 +0.7 +39% vestment
Slide 7: Impacts from the IFRS transition
Financial results Q1 2023 Impacts from the IFRS transition Bridge Q1 2022 – IFRS 4/IAS 39 to IFRS 17/9 (Profit or loss impact net in €m) 1 IFRS 9: Unrealised fair value gains of assets designated at FVTPL. +3.0 +0.1 2 IFRS 9: Other changes resulting from the transition from IAS 39 to IFRS 9. +1.8 3
Slide 8: Reporting segments – operational indicators based on HGB
Financial results Q1 2023 Reporting segments – operational indicators based on HGB Net earned premiums HGB Net earned premiums HGB Net earned premiums HGB (in €m) (in €m) (in €m) 18.1 19.4 9.0 9.0 14.9 2.0 2.4 3.0 Q1 2021 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2021 Q1 2022 Q1 2023 Health segment Propert
Slide 9: Key messages
Financial results Q1 2023 Key messages 1 DFV’s transition towards a sustainable, profitable business remains on track 2 Excellent Q1 2023 with operating performance up 39 % – continued discipline on pricing 3 Volatile IFRS 9 net financial result – the 3 to 5 million € profit guidance for 2023 is con
Slide 10: DFV remains exciting
DFV remains exciting Our next IR appointments 24 Mai Annual General Meeting 14 June Berenberg Insurance Speed Dating 04 September Equity Forum Autumn conference 14 September Publication financial results H1 2023 & CMD 2023
DFV Deutsche Familienversicherung — Q1 2023 Earnings Presentation on 6ix