Q1 Results 2024

Financial results Q1 2024

Robust combined ratio of 95 % and enhanced operating profitability

1. Insurance revenue, including the unlocking of the CSM which contains future profits of the contracts (Q1 2024: €1.2 million). Dental, DFV's core product line, achieved a revenue growth of 6% y-o-y.
2. Other insurance expenses grew mainly due tointensified marketing efforts (TV spots).
3. Partly redesigned reinsurance contracts resulted in a reduction of expenses.
4. The Q1 2024 insurance service result demonstrates DFV's improved operating performance which grew by 9%y-o-y.

CSM: Contractual service margin, an item representing the unearned profit of a group of insurance contracts to be recognised as services are provided to policyholders

Adoption of IFRS 17/9 in both reporting periods; simplified

Combined ratio looks different under IFRS 17

Insurance service result

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Financial results Q1 2024

2024 profit guidance is confirmed

1. Increased net financial result due to effects from changes in estimates (VFA) as well as a positive unwinding of certain reinsurance contracts (GMM).
2. Increase driven by one-off expenses relating to the IFRS 17/9 adoption.
3. Based on a robust operating performance and a continued volatile net financial result under IFRS 17/9 -DFV'sfull-yearprofit guidance of €5 to 7 million is confirmed.

Focus on profitability

Sustainable growth

Technical excellence

Operational efficiency

• DFV confirms the 2024 profit target
• Implementing DFV's strategy with focus on reaching financial targets
• Capitalising on a unique business setup with DFV's attractive products
• Continued growth via established online, direct and broker channels
• Adequate pricing, underwriting and risk management of exposures
• Robust profitability with operating income up 9% y-o-y
• Cost management and cost discipline remain key
• Continued efforts to further professionalise internal capabilities