We keep our promises Wir halten unser Versprechen als Lebensversicherungsgesellschaft
Company • Key Figures

We care about your employees

 

«In 2019 we continued our growth story and are highly dedicated to a successful future together.»

Christoph Gaus, Group CEO

2019 in numbers

0.0
+3,8 %
Premiums, consolidated
in USD million
0  %
+1 %
Cost ratio, consolidated
0
+20,8 %
Employees
0.0
+14,6 %
Premiums, core business
in USD million
0
+1
Countries
~ 0 Mio.
Insured persons

Business Report

During the 2019 financial year, elipsLife entered a new phase: we are evolving from an insurance start-up to an established company. The financial year was characterised by a marked premium growth – 14.6% in the core business alone – and the continuation of our expansion strategy. However, the profitability performance and high set-up costs in the new markets led to a loss of USD 23.4 million. As a result, we wish to enhance the quality of our contract portfolio and strengthen our underwriting discipline. As a mature elipsLife, we will maintain our innovative spirit, albeit with a focus on the combination of growth and profitability.

2019 in charts

Premiums and claims

consolidated, in USD million

Cost ratio

consolidated

Premiums and equity

consolidated, in USD million

Result before income tax

consolidated, in USD million

Premiums and claims

core business, in USD million

Cost ratio

core business

Premiums

core business, share by market

Full-time equivalents at end of financial year

* 2010 only Elips Life Ltd, from 2011 consolidated figures. Stated in accordance with Liechtenstein law until 2016, from 2017 according to US GAAP.

On the threshold of a new phase

elipsLife has positioned itself as a specialised, international niche player. Following the close of the 2019 financial year, the company is now on the threshold of a new phase. We are ready to evolve from a successful insurance start-up to an established company. In so doing, we remain committed to the proven success factors of growth, expansion, cost consciousness and customer focus.

Since the company was founded in 2008, the success of elipsLife has been based on our specialised skills, expert knowledge and an IT platform that is scalable worldwide. In the 2019 financial year, this was again the foundation for our expansion into new markets as well as our strong premium growth and low costs. However, the year under review brought both positive and negative developments. Profitability lagged behind our targets and in some areas we suffered technical losses. To ensure continued success in the future, we will deepen our risk awareness and pay greater attention to pricing and portfolio management.