One of the strongest performances came from life and health reinsurance, where gross premiums surged by 24.9% to EUR 105.2 million. The growth reflects the Group’s ongoing international expansion, particularly in the Middle East and North Africa (MENA) region, where Deutsche Rück entered the market in 2024.
The Group also reported solid growth in property insurance lines (+4.7%) and in motor and liability business (+5.6%), while other insurance segments advanced by 12.5% to EUR 115.7 million.
“Overall, 2025 was a satisfactory year for us,” said Achim Bosch, Chief Executive Officer of the Deutsche Rück Group. According to him, lower frequency and severity of natural catastrophe events contributed to improved claims performance in property business.
The largest individual loss event during the year was linked to a major earthquake in Southeast Asia, centered in Myanmar, generating claims of approximately EUR 5.5 million.
Supported by the favorable claims environment, the Group’s gross loss ratio improved significantly, declining from 58.1% to 54.3%. At the same time, the net technical result before equalization reserves closed with a profit of EUR 75.8 million.
Deutsche Rück also strengthened its balance sheet position during the year. Investment income reached EUR 69.6 million, while an allocation of EUR 109.2 million to equalization reserves and similar provisions further reinforced the Group’s financial resilience.
As a result, total securities increased by nearly EUR 396 million to more than EUR 3.5 billion.
Net profit after tax rose sharply to EUR 21.1 million, compared with EUR 14.5 million a year earlier.
Looking ahead, Deutsche Rück expects its international diversification strategy to continue supporting business growth, especially in life and health reinsurance.
“In 2025, we once again achieved profitable growth across all business segments, particularly in life and health reinsurance,” Bosch said. “We regard this as clear evidence of the success of our strategy of gradual and purposeful internationalization.”
For 2026, the Group anticipates further premium growth driven both by expansion in German-speaking markets and by continued development in the MENA region.
Founded 75 years ago, Deutsche Rückversicherung AG and its subsidiary Deutsche Rückversicherung Switzerland Ltd operate across the European insurance market and selected international markets, positioning themselves among Germany’s leading reinsurers.
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