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DFV Deutsche Familienversicherung Plans IPO - Quick Facts

DFV Deutsche Familienversicherung AG announced the company is preparing an initial public offering on the regulated market (Prime Standard) of the Frankfurt Stock Exchange in the fourth quarter of 2018. DFV expects issue proceeds from the placement of new shares in the amount of around 100 million euros.

DFV plans to use the proceeds primarily for the expansion of its sales and the implementation of marketing measures. In addition, the company wants to invest in its IT and further digitalisation. The company also wants to broaden its product portfolio and launch new insurance products on the market. DFV said it plans to enter at least one further European market within the next 12 months.

DFV Deutsche Familienversicherung AG is an insurtech firm known for its supplemental health insurance policies (supplementary dental, health, nursing insurance as well as accident and property insurance).

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