ERGO Group AG
Ergo Versicherungsgruppe AG: ERGO increases forecast for 2007 by 30 % after good half-year figures
ERGO Versicherungsgruppe AG / Forecast Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Düsseldorf, 6 August 2007. The ERGO Insurance Group recorded a pleasing first half-year. At € 403 million (€ 448 million), the Group results are significantly above the prorated budget for the year as a whole. Successful operations during the first six months of the year and an additional anticipated positive effect due to a reform in German corpo-rate tax in the second half of the year have led ERGO to revise the full-year results fore-cast up-wards to a margin of € 700 – 780 million. This is 30% up on the previous margin of € 540 - € 600 million. Total premiums across all segments are up by 3.4% to € 8.7 billion (€ 8.4bn). Gross pre-miums written have risen by 2.7% to € 8.3 billion (€ 8.1 billion). In spite of claims resulting from Hurricane Kyrill the property and casualty combined ratio only in-creased slightly to a still pleasing figure of 92.2% (89.5%) as at 30 June 2007. ERGO Versicherungsgruppe AG The Board of Management DGAP 05.08.2007 ---------------------------------------------------------------------- Language: English Issuer: ERGO Versicherungsgruppe AG Victoriaplatz 2 40198 Düsseldorf Deutschland Phone: +49 211 49 37-0 Fax: +49 211 49 37-15 00 E-mail: info@ergo.de Internet: www.ergo.com ISIN: DE0008418526 WKN: 841852 Indices: Listed: Amtlicher Markt in Frankfurt (General Standard), Düsseldorf; Freiverkehr in Berlin, Hannover, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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