VGH Benefits From Low Damage Load and Insurance Monitor

Herbert Frommes Versicherungsmonitor

Factuality

Ownership

The VGH was spared from high elementary damages in the past financial year. Despite the continuing loss-making car business, the public insurance group was thus able to enjoy a damage and cost ratio well below the market average. In life insurance, the Hanoverians have also stopped the decline in contributions in recent years by expanding the one-time contribution business. In the business area of the VGH, here the company headquarters in Hanove…

Versicherungswirtschaft-heute

Factuality

Ownership

The VGH Versicherungen from Hannover went into the anniversary year strengthened: in 2024 the total turnover of the public insurance group, which celebrates its 275th anniversary in 2025, climbed by 4.3 percent to 2.94 billion euros. The gross surplus rose by 1.6 percent to 288 million euros, which was thanks to the subsidiary Landschaftliche Brandkasse Hannover alone. Management is concerned that the trend towards "extremely increasing damage c…