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Stuttgart Insurance Posted

Stuttgart Insurance Posted

Strong new business, stability and market share plus Stuttgart, June 29, 2010 the Stuttgart 2009 looks back on a very successful year. In the entire new business from current contributions and single premiums, the company generated EUR 86.2 million. This record represents an increase of 47.4 percent compared to the previous year and represents the company’s best new business results since 2004. The new entry current contributions amounted to EUR 33.1 million. Measured at the industry average, which suffered significant declines in this business area – 15.5 percent, could keep their prior-year level approaching the Stuttgart and showed only a slight decline of 5.6 percent compared to the previous year. The stability of this key figure is the result of the consistent focus of Stuttgart on the business with the current contributions. Here the Stuttgart in the year under review achieved a share of about 40 percent, the industry average was, however, only about 20 percent.

The gross premiums written increased with 424,7 million euro by 3.2 percent compared to fiscal year 2008. Particularly noteworthy is the positive development of new business in the field of traditional pension with an increase of 36.5 percent (market value of 14.6 percent), as well as the increase of financial statements at the classic base pension with a 68.8 percent (market value – 10.2 percent). As well, the BU Division of the Stuttgart gained 20.2 percent (market value of 17.6 per cent). But also new business in the area of occupational pensions were extremely positive: here was the Swabian insurer by 8.2 per cent to 92.3 million. The Stuttgart could increase overall significantly its market share.

Of Stuttgart in the fiscal year 2009 again succeeded, to position themselves in the decisive figures significantly better than the market: the equity ratio of the Stuttgart was 250,1 percent (market 192.1 per cent) and the net return on investments at 4.6 percent (4.2 percent market). The low Administrative expense ratio of 2.5 percent (market 2.7 percent) reflects the efficient administration at the Stuttgart-based insurance contracts. The declared total interest in the fiscal year 2010 amounts to 4.6 percent (market 4.2 percent). Including the final surplus and the participation in the revaluation reserve is about 5.3 per cent, also well above the market average (calculation base: model case Assekurata) and the high financial power of the Stuttgart 2010. This was “confirmed rating for exceptionally strong capitalisation. 2009 from the renowned rating agency Fitch with A But also in the 17th company rating of the map report, the Stuttgart in the m-rating of German life insurers in the year under review again impressed with longtime very good performances”and received the industry’s coveted mm”-seal. ” Despite the still tense market situation as a result of the economic and financial crisis, an exceptionally successful business year 2009 concluded the Stuttgart. The positive Results once again confirms the Stuttgart in their strategy, by collaborating with free agents and brokers with a range of competitive, consistently to put top – rated products quality. Paired with a solid financial strength this is the basis for success today and in the future of the company.