Our target markets
Our business fared better than expected in the year under review in our target markets of Germany and North America: the premium volume remained virtually unchanged at EUR 1,754.0 million (EUR 1,737.9 million). The combined ratio stood at 97.4% in the year under review, after 104.7% in the previous year. The operating profit (EBIT) for the target markets totalled EUR 300.6 million (EUR 118.8 million).