ERGO Group AG
ERGO Versicherungsgruppe AG:
ERGO Versicherungsgruppe AG / Release of an announcement according to Article 37 of the WpHG [the German Securities Trading Act] Interim report according to Article 37 of the WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- INTERIM ANNOUNCEMENT WITHIN THE 2ND HALF-YEAR 2007 The ERGO Insurance Group stayed on its path of success in results during the second half of 2007. The consolidated result after tax amounts to EUR 701 million, after EUR 555 million in the first nine months of 2006. The increase of 26.3 % is mainly due to a non-recurring tax effect from the German corporate tax reform law 2008 which has been booked in the third quarter 2007. The operating result was EUR 879 (976) million as at 30 September, which is 9.9 % lower than last year's. Total premium income over all lines of business increased by 3.6 % to EUR 12.8 (12.3) billion in the first nine months of 2007; also due to the acquisition of the Turkish Isviçre Group, the international business was up by 19.6 %. Considerable premium growth was achieved in the lines of business of property and casualty as well as health insur-ance. Domestic total premiums were stable at EUR 10.07 (10.06) billion. Gross written premiums according to IFRS - i.e. not including the savings premiums of unit-linked life insurance and capitalisation products - increased by 2.7 % to EUR 12.1 (11.8) billion in the first three quarters of 2007. The investment result after nine months amounts to EUR 4.5 (3.9) billion and is thus 16.0 % over last year's. Income from the disposal of real estate and shares as well as lower write-downs compared with last year resulted in a higher net result from dispos-als, write-ups and write-downs of EUR 1,070 (613) million. The Combined Ratio after nine months was 92.2 % which is over last year's of 88.8 % but unchanged over the half-year 2007 figure and well under the 95 % mark. Winter storm Kyrill at the beginning of the year had resulted in high claims. Düsseldorf, November 2007 The Board of Management 05.11.2007 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: ERGO Versicherungsgruppe AG Victoriaplatz 2 40198 Düsseldorf Deutschland Internet: www.ergo.com End of News DGAP News-Service ---------------------------------------------------------------------------
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