HYPOPORT SE

Earnings Release • May 2, 2013

News Details

Corporate | 2 May 2013 09:33

Hypoport AG: Dr. Klein: strong demand for loans and general insurance

Hypoport AG / Key word(s): Quarter Results

02.05.2013 / 09:33

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Volume of Private Clients transactions in Q1 2013

The Private Clients division of financial service provider Dr. Klein & Co.
AG increased its volume of insurance and loan transactions in the first
quarter of this year compared with the corresponding period of 2012. Demand
for mortgage finance, building finance products and general insurance rose
particularly sharply in the first three months of 2013.

Dr. Klein & Co. AG thus made a valuable contribution to the transaction
growth achieved by the Private Clients business in the Hypoport Group. This
business unit expanded its loan brokerage activities by 17 per cent in the
first quarter of 2013 compared with the corresponding period of last year,
increasing the volume of these transactions to approximately EUR1.18
billion (Q1 2012: EUR1 billion). However, regulatory interventions and the
low level of interest rates continued to act as a drag on the insurance
market in the early part of this year. The volume of insurance transactions
grew by 4.4 per cent to EUR4.7 million despite these tough market
conditions (Q1 2012: EUR4.5 million). Stephan Gawarecki, the chief
executive officer (CEO) of Dr. Klein & Co. AG, explained: 'We achieved
stellar growth in 2012. Although this strategy continues to incur
significant costs, it has already paid off in terms of the transaction
volumes we generated in the first quarter of this year.' Dr. Klein raised
the number of its advisors by 70 to a total of 829 during the period
January to March 2013 compared with the previous quarter.

Strong demand for loans
Demand for loan-related products remained high. The volume of mortgage
finance transactions completed in the first three months of 2013 grew by 19
per cent year on year to EUR1.1 billion (Q1 2012: EUR911 million). The
volume of building finance transactions jumped by 275 per cent from around
EUR10 million in the first quarter of 2012 to EUR38 million in the
corresponding period of 2013. The volume of personal loans brokered
contracted to EUR62 million in the first quarter of 2013 (Q1 2012: EUR89
million).

Significant growth in the volume of general-insurance transactions
The general-insurance business saw the strongest growth in the first three
months of 2013, expanding by 146 per cent to EUR1.4 million (Q1 2012:
EUR561 thousand). The volume of transactions in life insurance and
investments grew, despite tougher market conditions, by 12.4 per cent to
EUR2.6 million in the first quarter of 2013 (Q1 2012: EUR2.3 million). The
only exception to this trend was the volume of health insurance
transactions, which shrank by more than half to EUR709 thousand in the
first three months of 2013 owing to the challenging market environment (Q1
2012: EUR1.6 million). The total portfolio of policies under management
increased by 8 per cent compared with the previous quarter to EUR79 million
(Q4 2012: EUR73 million).

Information on Dr. Klein
Dr. Klein is an independent provider of financial services for private and
corporate clients. It offers personalised solutions for private clients'
full range of financial needs. Around 800 specialists deliver impartial and
comprehensive advice over the internet and at more than 200 branches on
issues such as current accounts, deposits, insurance, investments,
mortgages and personal loans. Dr. Klein & Co. AG has been a major financial
service partner to housing companies, local authorities and commercial
property investors since 1954. It provides its institutional clients with a
fully integrated service comprising expert advice and customised solutions
in the areas of financial management, portfolio management and insurance
for business customers. Its client-focused advisory expertise and close,
longstanding relationships with all leading banks and insurance companies
ensure that its customers always have quick and easy access to the best
financial services. Dr. Klein is a wholly owned subsidiary of Hypoport AG,
an online financial service provider that is listed on the Frankfurt Stock
Exchange.

Contact:
Michaela Reimann
Head of Communications

Hypoport AG
Klosterstraße 71
10179 Berlin

Mobile: +49 (0) 151 / 58 04 - 1936
Phone.: +49 (0) 30 / 4 20 86 - 1936
E-mail: michaela.reimann@hypoport.de
Internet: www.hypoport.de
Twitter: http://twitter.com/Hypoport
Facebook: http://www.facebook.com/hypoport

End of Corporate News

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Language: English
Company: Hypoport AG
Klosterstraße 71
10179 Berlin
Germany
Phone: +49/30 42086-0
Fax: +49/30 42086-1999
E-mail: info@hypoport.de
Internet: www.hypoport.de
ISIN: DE0005493365
WKN: 549336
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart

End of News DGAP News-Service

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