Property/Casualty Primary Insurance

  • For the first time the largest Group segment with gross written premium in excess of EUR 6 billion
  • HDI/Gerling integration implemented in company law within six months of the squeeze-out with the loss of very few customers
  • Operating profit (EBIT) EUR 240 million satisfactory result considering integration expenses recognized in income

Gross written premium 1) in EUR bn: 2003 = 5.6, 2004 = 5.4, 2005 = 3.5, 2006 = 5.6, 2007 = 6.0; Operating profit (EBIT) 1) in EUR m: 2003 = 409, 2004 = 104, 2005 = 340, 2006 = 339, 2007 = 240

2003: US GAAP, 2004 onwards: IFRS

1) The years 2005, 2004 and 2003 are of only limited comparability due to changes in segment allocation

Markets, customers and products

The areas of concentration in this business segment are worldwide, professional industrial insurance as well as property and casualty insurance for private customers in promising markets. With our international positioning, we aim for profit-oriented growth.

Goals

  • Grow in established markets and consolidate and extend our market leadership
  • Grow organically and anorganically in selected growth markets
  • Attain a leading market position in growth markets

Sales channels

  • Tied agents’ organization
  • Branch network
  • Direct marketing

Brands

Logo: HDI, HDI Gerling