DFV Deutsche Familienversicherung AG

Investor Presentation • Nov 19, 2020

Deutsches Eigenkapitalforum

DFV Deutsche Familienversicherung AG FRANKFURT/MAIN | 16 November 2020 The leading InsurTech in Europe

What is the difference between biogas and digitalisation?

Digitalisation is first of all a product issue

Digitalised products in policies

Our 16x – matrix: Easy to understand

Supplementary health insurance Our leading products regularly best in class

Digitalisation is also an process issue

DFV growth history

We started as a P&C insurer and developed to a fully digitalised InsurTech with

Easy product selection via our website

Only reloading the website takes longer

1. Enter your age 2. Select your product and tariff

Our customer portal – Simple.Reasonable.

Customer centricity at its best

Best app – and also the most popular

Simply the best for our customers

The ratings are comments from real users. They were translated into English for this presentation.

Rated with 4.9 stars in Google Play Store!

Highlights 9M 2020 Strong performance in a challenging environment

What we have achieved in the first 9 months 2020

Our highlights at a glance

Premium volume increased by € 24.5m since 9M 2019

Excellent new business despite COVID-19

Premium volume in €m New business in contracts

Despite COVID-19 strong online sales

Outstanding performance because of our proven scalable sales channels

New business (contracts) by product category 9M 2020 New business (contracts) by sales channel 9M 2020

Gross premiums written increased by 27.1 percent in 9M 2020

Fullfilling our promises

Gross premiums written in €m

Claims ratio in %

New business in contracts, premiums in €m

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Further key financial figures

Fullfilling our promises

Number of employees

Investing in our growth, profitable in our core business

Underwriting result according to HGB

Premiums	9M 2020
Gross premiums written	€ 83,280,517
Claim payments to customers (inlcs. claims settlement costs)	€ -45,995,132
Underwriting result I	€ 37,285,384
Costs (without claims settlement, without sales costs)	€ -17,299,457
Underwriting result II	€ 19,985,928
Sales expenditures	€ -26,827,030
Underwriting result III	€ -6,841,102
Financial investments (costs)	€ -49,036*
Underwriting result IV	€ -6,890,138

Premium volume to sales costs (planning)

We are reaching the profit zone

With a ratio of 4 : 1 or higher an insurance company should be profitable.

Insurtech peer group strong in comparison

Leading by existing business

Almost always one step ahead

* The figures based on publicly available sources believed to be reliable. DFV AG has checked the information for plausibility but not for accuracy or completeness. ** OneInsurance belongs to the wefox Group and has just 13 employees. The rates contracts per employee and gross written premium per employee take the numberof employees from wefox into account, because OneInsurance belongs to wefox group. Gross written premium and number of contracts refers to OneInsurance.

Contracts per employee** Gross premiums written per employee in €**

9M 2020 The first real comparison with a listed InsurTech peer

Premium volume in €m	120.3	161.4*	x 1.3
Customer/contract base first 9 months 2020	548.284	941.313	x 1.7
Net income in €m	-4.7	-75.5	x 16
Market cap € in €m	~300	~3,160	x 10

* The "In-force premium" of Lemonade is used to compare the premium volume of DFV.

The reported figures are the 9M 2020 results. Lemonade published its figures on 11th of November. They are available on: https://s24.q4cdn.com/139015699/files/doc_downloads/2020/11/Q3-2020-Shareholder-Letter.pdf

Outlook Entering a new dimension

Growth, growth, growth

Founding new risk carriers

Our milestones to broaden product range and to enter European markets

*Application to be submitted in 2020.

Outlook – Continuing profitable growth

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Summary

What do you think about a company with this track record?

If you consider investing in such a company, then Deutsche Familienversicherung is a good option!

We promise and we deliver - Fully on track

• Annual operating targets for 2020 affirmed
• CareFlex implementation on track
• Founding new risk carriers on track
• European market entry on track

Looking forward to your questions!

Dr Stefan M. Knoll CEO & CFO

Our next IR dates:

24/11 Virtual Roadshow with Berenberg

2021

21/01 "One more step" – Capital markets day

Your contact:

Lutz Kiesewetter Head of IR & PR +49 (0)69 / 74 30 46 396 lutz.kiesewetter@deutsche-familienversicherung.de