Itzehoer: Automotive Business Slips Deeper Into the Red After Reserve Reinforcement
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Many car insurers have recently brought their damage and cost ratio back below the 100 percent mark, at which Itzehoer it slid deeper into the red area in 2025. This is due to a significant reserve strengthening in response to the strong growth in previous years. In 2026, the car business is scheduled to return to black figures. Itzehoer CEO Uwe Ludka is picking up black figures for the current year in all areas of car insurance [...]
Itzehoer achieved the best result in its company history in 2025, but in the most important business segment the earnings situation remains strained. Despite a record surplus of EUR 21 million, the North Germans still do not earn any money in motor insurance. This year, the Itzehoer wants to finally become profitable again and to end up again in both the Kasko and the motor vehicle liability "in the income range". The CEO Uwe Ludka places great …
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