LVM Insurance 2023 with significant market overgrowth - successful growth path and high number of new hires planned.

LVM Insurance 2023 with significant market overgrowth - successful growth path and high number of new hires planned.

LVM Versicherung was able to continue its growth in all insurance lines in 2023 and clearly stand out from the market. With an increase of 6.1 percent, premium income amounts to almost 4.5 billion euros, while the market only grew by 0.6 percent. It is particularly pleasing that LVM Versicherung was able to achieve this growth in a difficult macroeconomic environment. This performance is due to excellent new business in all divisions, although inflation-related increases in claims expenses and burdens in the real estate sector had to be taken into account.

According to a report by www.presseportal.de, the composite divisions of LVM Versicherung recorded above-average growth. The property/casualty, property insurance and accident insurance lines increased by 7.5 percent, 15.8 percent and 4.0 percent, while the market showed lower rates of increase. LVM Insurance was also able to record strong growth in the pension lines, with health insurance increasing by 5.4 percent and life insurance by 2.7 percent, while the market recorded smaller increases or decreases.

These above-average increases have a positive impact on LVM Insurance and could also influence the market. Through the strong growth and the planned hiring of over 400 new employees, LVM Insurance shows that it wants to continue to ensure growth in the next few years.

All in all, LVM Versicherung's preliminary business figures are a sign of the company's strong and healthy development and could have a positive impact on the industry as a whole.