Target markets
Our business developed satisfactorily in the year under review in our target markets of Germany and North America. The premium volume grew by 14.8% to EUR 2,131.1 million (EUR 1,857.6 million). The combined ratio stood at 101.3%, after 106.1% in the previous year. The operating profit (EBIT) for the target markets totalled EUR 270.4 million (EUR 184.0 million).