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Germany's ARAG releases FY'18 guidance, explores Australia expansion

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Germany's ARAG releases FY'18 guidance, explores Australia expansion

ARAG Holding SE expects earnings to increase for fiscal 2018.

The Dusseldorf, Germany-based company said it expects group premium income to rise 3.4% year over year to €830 million. Revenue in the German market is expected to increase 3.6%, with its German legal insurance segment growing 5.6%.

With operations in 17 countries, including the U.S. and the Netherlands, ARAG has been analyzing whether to expand in Australia, which it expects to do at some point in 2018.