Results for the first nine months and the third quarter 2024

9M 2024: MLP Group achieves new record levels for total revenue and earnings

Earnings before interest and taxes (EBIT) increases significantly to EUR 66.4 million (9M 2023: EUR 45.2 million) – Total revenue rises to EUR 763 million (9M 2023: EUR 685 million), all three competence fields contribute to the positive development
Particularly strong revenue growth in the Wealth competence field – primarily in wealth management and the interest rate business. Consistently high revenue level in the Property & Casualty competence field, which comprises the non-life insurance business with both corporate and private clients, as well as in the Life & Health competence field, which comprises old-age provision and health insurance
Key figures for future revenue development further increased to new record levels: MLP Group reaches EUR 61.0 billion in assets under management and a managed non-life insurance premium volume of EUR 736 million
MLP confirms its raised EBIT forecast for 2024 of EUR 85 to 95 million from October 2, 2024
Planning for EBIT of between EUR 100 and 110 million reaffirmed for the end of 2025 – further increase in assets under management and the non-life insurance portfolio volume, as well as sustainable growth across all competence fields

Reinhard Loose (CFO)

To the recording