Most Profitable Private Health Insurers
- LEIPZIG, Germany (april 1, 2025) — A new report analyzing Germany's private health insurance market reveals notable disparities in the financial performance of the top 25 providers.
- The study, which covers the period from 2018 to 2023, found that insurance business rates for the largest private health insurers ranged from a high of 18.7%...
- According to the report, the 25 private health insurers with the highest sales generated insurance business results ranging from 829.85 million euros (DKV Deutsche Krankenversicherung AG) to...
Private Health Insurers’ Performance varies Widely, Industry Monitor Shows
Table of Contents
- Private Health Insurers’ Performance varies Widely, Industry Monitor Shows
- German Private Health Insurance: Key performance Insights from the Industry Monitor 2024
- Q&A: Unpacking the German Private Health Insurance Landscape
- Q: What is the “Industry Monitor 2024: Health Insurance” report, and why is it important?
- Q: What are “insurance business rates,” and what do they reveal?
- Q: What is the overall trend of insurance business rates?
- Q: What specific companies did the report highlight, and how did they perform?
- Q: What about the Revenue Performance among Top Providers?
- Q: Who are considered the “leaders” and ”laggards” in terms of insurance business transaction rates?
- Q: What were the key trends in 2023 for the sector?
- Q: What about LKH’s fluctuations?
- Q: Where can I find the full report for more detailed information?
- Q&A: Unpacking the German Private Health Insurance Landscape
LEIPZIG, Germany (april 1, 2025) — A new report analyzing Germany’s private health insurance market reveals notable disparities in the financial performance of the top 25 providers. The “Industry Monitor 2024: Health Insurance,” released by VERS Leipzig, examines key performance indicators across the sector, highlighting both successes and challenges.
Key Findings on Insurance Business Rates
The study, which covers the period from 2018 to 2023, found that insurance business rates for the largest private health insurers ranged from a high of 18.7% at LKH (Landeskrankenhilfe) to a low of 7.1% at debeka. Though, individual years saw even greater extremes, wiht one year showing Koblenz at a low of 2% and LKH reaching nearly 24%. LKH also exhibited the greatest fluctuation,with a range of almost 10 percentage points.
Revenue Performance Among Top Providers
According to the report, the 25 private health insurers with the highest sales generated insurance business results ranging from 829.85 million euros (DKV Deutsche Krankenversicherung AG) to 27.87 million euros (Nürnberger Krankenversicherung AG) between 2018 and 2023. These figures are based on the PKV index catalogue.
leaders and Laggards in Insurance Business Transaction Rates
The insurance business transaction rate, another metric detailed in the PKV indicator catalog, showed LKH at the top with 18.7% over the six-year period (2018-2023), while Debeka health insurance association AG recorded 7.05%.
Other companies with comparatively low single-digit percentage rates include HUK-Coburg-Krankenversicherung AG, Barmenia Krankenversicherung AG, and ERGO Krankenversicherung AG, the latter of which is not fully active in the full insurance business.
Along with LKH, R+V krankenversicherung AG, DKV, and Generali Deutschland Krankenversicherung AG also posted comparatively high result rates of over 16%.
Debeka’s Low Point and Sector Trends
Debeka recorded its lowest rate at 2.05% in 2023. For the rest of the observed period, the PKV provider was around 10% four times. the 25 companies listed in the industry monitor reached their lowest average value in 2023 (9.7%). Twelve other providers were below the 10% mark.
Across the sector, gross contributions earned increased at a slower pace than the combined final and administrative expenses, as well as the amount of claims (plus 7.1%).
For Koblenz, claims increased by just over 8% to almost 7.25 billion euros. Gross premiums earned decreased by 0.5% to just under 7.84 billion euros.
This resulted in the highest damage quota across the industry at 92.5%. Only two other market participants achieved values over 90% during the observation period: HUK-Coburg in 2023 and Debeka in 2019.
LKH’s Wide Fluctuations
LKH achieved the highest insurance business result rate among all companies in 2018, at 23.6%. However, the company also experienced the largest fluctuation, with the rate dropping to 14.1% in 2022 – almost 10 percentage points lower.
Availability of the Full Report
The “Industry monitor 2024: Health Insurance” contains further details and key figures on the insurance sector. The approximately 120-page study is available for order as a PDF version for 803.25 euros including VAT.
Maik Entrich can be contacted by email or by phone on 0341 24659262 for orders.
German Private Health Insurance: Key performance Insights from the Industry Monitor 2024
Welcome to a thorough analysis of the German private health insurance market, based on the ”Industry Monitor 2024: Health insurance” report released by VERS Leipzig. This article, presented in a Q&A format, provides you with key insights into the financial performance of the top 25 private health insurers in Germany.
Q&A: Unpacking the German Private Health Insurance Landscape
Q: What is the “Industry Monitor 2024: Health Insurance” report, and why is it important?
A: the “Industry Monitor 2024: Health Insurance” is a comprehensive study released by VERS Leipzig, analyzing the performance of the top 25 private health insurance providers in Germany.It examines key performance indicators (KPIs) such as insurance business rates and revenue, offering a crucial snapshot of the health of the sector. The report is important because it provides crucial insights for insurance professionals, policyholders, and anyone interested in understanding financial health in German health insurance markets.
Q: What are “insurance business rates,” and what do they reveal?
A: Insurance business rates reflect the financial performance of health insurers. The study uses such rates as a primary method of comparison across the German private health insurance market.
Q: What is the overall trend of insurance business rates?
A: The report, which covers the period from 2018 to 2023, reveals wide variation.
Q: What specific companies did the report highlight, and how did they perform?
A:
- LKH (Landeskrankenhilfe) showed the highest insurance business rate, reaching 18.7% over the six-year period. In a single year,LKH reached nearly 24%. Though, it also exhibited the greatest fluctuation.
- Debeka recorded a lower rate of 7.1% over the observed period. however, it had a low point of 2.05% in 2023.
Q: What about the Revenue Performance among Top Providers?
A:
- The 25 private health insurers with the highest sales generated insurance business results ranging from €829.85 million (DKV Deutsche Krankenversicherung AG) to €27.87 million (Nürnberger Krankenversicherung AG) between 2018 and 2023.
Q: Who are considered the “leaders” and ”laggards” in terms of insurance business transaction rates?
A:
- Leader: LKH,with the highest rate of 18.7% over the 2018-2023 period.
- Laggard: Debeka, with a rate of 7.1% over the covered period.
- Other notable companies with low single-digit percentage rates include: HUK-Coburg-Krankenversicherung AG, Barmenia Krankenversicherung AG, and ERGO Krankenversicherung AG.
- Other companies, like R+V krankenversicherung AG, DKV, and Generali Deutschland Krankenversicherung AG all posted high result rates over 16%.
Q: What were the key trends in 2023 for the sector?
A:
- The 25 companies listed in the industry monitor reached their lowest average value in 2023 (9.7%). Twelve other providers were below the 10% mark.
- Across the sector, gross contributions earned increased at a slower pace than the combined final and administrative expenses, as well as the amount of claims (plus 7.1%).
- The highest damage quota across the industry at 92.5%. Only two other market participants achieved values over 90% during the observation period: HUK-Coburg in 2023 and Debeka in 2019.
Q: What about LKH’s fluctuations?
A: LKH achieved the highest insurance business result rate among all companies in 2018, at 23.6%. However, the company also experienced the largest fluctuation, with the rate dropping to 14.1% in 2022 – almost 10 percentage points lower.
Q: Where can I find the full report for more detailed information?
A: The full “Industry Monitor 2024: Health Insurance” report, approximately 120 pages long, is available for order as a PDF version for 803.25 euros (including VAT). You can contact Maik Entrich by email or by phone at 0341 24659262 to place an order.
Source: Industry Monitor 2024: Health Insurance, VERS leipzig. Date of Report Release: April 1, 2025.