Key figures of ERGO Group

Overview of ERGO Group



2023 2022 Change previous year (%)
Insurance revenue1 € million 20,098 18,896 6.4
Insurance service expenses1 € million 17,845 16,939 5.3
Investment result2 € million 2,942 1,674 75.8
Operating result € million 963 889 8.3
Net result € million 721 572 25.9
Investments3 € million 136,355 130,652
4.4
Contractual Service Margin € million 12,784 14,043 -9.0
Registered representatives   12,483 13,020
-4.1
Salaried employees 26,178 25,693 1.9

 

Insurance revenue1 by business fields

(Fully consolidated Group values)


2023 2022 Change previous year (%)
Life Germany € million 2,898 2,984
-2,9
Health Germany (incl. Travel) € million 6,118 5,939 3,0
Property-casualty Germany € million 4,539 4,227 7,4
Digital Ventures € million 926 879 5,3
International € million 5,618 4,867
15,4
Total € million 20,098 18,896 6,4


From insurance contracts issued.   
2 Investment result in 2022 is based on IAS 39 including "Overlay Approach", not completely comparable with IFRS 9.
3 Including investments for unit-linked life insurance.

Contractual Service Margin: The contractual service margin largely represents the gain from a group of long-term life and health insurance contracts that has not yet been recognised through profit or loss because it relates to services to be provided in the future. This unrealised gain is reported as an insurance liability in the balance sheet.