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Financial expert analyzes: LVM Insurance will grow significantly above the market in 2023 - business figures at a glance
According to a report from www.boerse.de, LVM Versicherung achieved strong growth in 2023, well above the market average. Premium income rose by 6.1 percent to almost 4.5 billion euros, while the market only grew by 0.6 percent. This success was achieved despite a difficult macroeconomic environment. The company's lines of business, including property/casualty, property, casualty, health and life, also experienced above-average growth. The strong inflation-related increase in claims expenses and burdens in the real estate sector have led LVM to an overall positive annual balance. The company plans to continue its growth path and intends to add over 400 new...
Financial expert analyzes: LVM Insurance will grow significantly above the market in 2023 - business figures at a glance
According to a report by www.boerse.de, LVM Insurance achieved strong growth in 2023 that was well above the market average. Premium income rose by 6.1 percent to almost 4.5 billion euros, while the market only grew by 0.6 percent. This success was achieved despite a difficult macroeconomic environment. The company's lines of business, including property/casualty, property, casualty, health and life, also experienced above-average growth.
The strong inflation-related increase in claims expenses and burdens in the real estate sector have led LVM to an overall positive annual balance. The company plans to continue its growth path and intends to hire over 400 new employees in 2024. The final figures for 2023 will be published on April 30, 2024.
This continued growth of LVM Insurance could have an impact on the insurance market. Hiring new employees could also create opportunities for job seekers.
LVM Versicherung's positive business figures could also trigger increased demand for insurance products in various sectors, which could potentially have an impact on the company's competitors. It is also conceivable that LVM's investors and shareholders will be happy about this success report and could strengthen their trust in the company.
Read the source article at www.boerse.de