Facts and
figures

DEVK Rückversicherungs- und Beteiligungs-AG - DEVK RE (Reinsurance)

DEVK RE’s business model focuses on specific lines of businesses and markets. Professionalism and catering to our clients’ needs are at the heart of everything we do. On this basis, we succeeded in increasing both our premium income and our equity in recent years – while maintaining a constant number of clients and contracts.

Premium Income in m € (earned premium)
Development of Equity in m €
Premium Split by Line of Business
Premium Split by Country

464.6

2021

543.1

2022

744.4

2023

854.6

2024

912.9

2025*

*Estimate

1,279

2020

1,303

2021

1,278

2022

1,322

2023

1,344

2024

Property

35 %

Motor

18 %

Marine/Energy

18 %

Engineering

10 %

Credit/Bond

6 %

Life

4 %

Agriculture

3 %

Liability

3 %

Extended Warranty

2 %

Accident

1 %

Cyber

0 %

Other

1 %

Status: as at January 2025

Great Britain incl. Gibraltar + Malta

20 %

USA

20 %

Germany

18 %

Switzerland

7 %

Spain

5 %

Netherlands

4 %

Austria

4 %

Italy

3 %

France

3 %

Ireland

2 %

Israel

2 %

Liechtenstein

2 %

Canada

1 %

Luxembourg

1 %

Denmark

1 %

Other

8 %

Status: as at January 2025

DEVK Group

DEVK Group can proudly look back on 140 years of history. Take a look at the developments and key figures of the last 5 financial years below.

Key Figures
Market position
Types of Business
20202021202220232024
Total Gross Premium (billion €)3.924.124.34.785.38
Total Number of Policies (million)15.3915.4715.3215.0315.28
Number of Members and Customers (million)4.204.164.054.024.16
Personnel (Internal And External Employees)4,3794,4024,3254,3004,382
Assets (billion €)19.921.021.622.323.39
Balance Sheet Total (billion €)21.7223.1923.9325.1426.87
Group Equity – excl. Mutual Life Insurance (billion €)2.282.392.452.572.69
Gross Combined Ratio (Balance Sheet Year)91.0 %103.5 %99.1 %97.0 %95.3 %
Profit before Taxes (million €)108191104112116
Net Interest Life Assurance3.4 %3.8 %2.3 %2.2 %2.6 %
Number of Motor Policies (million)3.143.173.12.993.18
20202021202220232024
Private motor55555
Household44444
GTPL76666
20202021202220232024
Life insurance/pension funds26.3 %25.9 %24.6 %22.0 %20.3 %
Motor27.6 %26.6 %25.1 %23.7 %25.6 %
Legal protection4.7 %4.8 %4.7 %4.3 %4.0 %
Health2.6 %2.6 %2.6 %2.4 %2.2 %
Household/PA/GTPL11.8 %11.6 %11.4 %10.5 %9.5 %
Reinsurance incl. Echo Re14.9 %16.3 %18.3 %23.8 %25.4 %
Other12.1 %12.2 %13.3 %13.3 %12.9 %

We focus on Europe, USA and Canada. Naturally, we also support our clients in pursuing their global interests.

Wolfgang Jöbkes
Chief Underwriting Officer