Growth course: LVM Versicherung continues its successful course

Growth course: LVM Versicherung continues its successful course

LVM Versicherung is successfully continuing its growth course and was able to record an increase in premiums of 6.1 percent in the past financial year. This means that the company has clearly set itself apart from the industry, as total premium income in the insurance industry only increased by 0.7 percent. LVM's consolidated annual result after taxes amounted to 85.3 million euros, with claims expenses increasing by 16.3 percent due to high repair costs and increased claims figures. Despite a difficult market environment, LVM was able to increase its equity by 2.7 percent to 3.3 billion euros.

What is particularly noteworthy is the growth in all LVM divisions. The property/casualty lines recorded premium growth of 7.5 percent to 3.1 billion euros, with motor insurance being the largest line, with an increase of 4.6 percent, reaching almost 1.5 billion euros. LVM's health insurance and life insurance were also able to exceed their previous year's results and grew faster than the market.

To support continued growth, LVM plans to hire 430 new employees in the office in 2024. This increase is due to increased customer and contract numbers as well as age-related fluctuation. In addition, LVM invests in its company health management and measures to balance work and private life in order to keep employees healthy and productive in the long term.

There was also a change in the supervisory board of LVM Lebensversicherungs-AG, with Prof. Dr. Bernhard Pellens left and was replaced by Dr. Frank Ellenbürger was replaced as his successor for the remainder of the current electoral term. LVM places a strong focus on supporting its employees, particularly in the area of ​​caring for relatives, and offers comprehensive consulting services and support measures.