Our target markets
We consider Germany and North America to be target markets. The development of business here was satisfactory. The premium volume grew to EUR 1,737.9 million (EUR 1,586.3 million). The combined ratio stood at 104.7% in the year under review, after 99.0% in the previous year. The operating profit (EBIT) for the target markets totalled EUR 118.8 million (–EUR 90.4 million).