Company Overview of ERGO Group AG
ERGO Group AG provides insurance products, and pensions and services worldwide. It operates through Life Germany, Health, Property-casualty Germany, Direct insurance, Travel Insurance, and International segments. The company sells its life, and property and casualty insurance products under the ERGO brand name; health insurance under the DKV brand name; legal protection insurance under the D.A.S. brand name; and travel insurance under the ERV brand name, as well as engages in reinsurance business. It serves private customers, as well as small and medium-sized businesses, and industrial clients. The company was founded in 1997 and is based in Dusseldorf, Germany. ERGO Group AG operates as a s...
Founded in 1997
Key Executives for ERGO Group AG
Chairman of Management Board
Chief Financial Officer and Member of Management Board
Head of International Competence Center Bancassurance
Chief Information Officer
Head of Communications & Brand Management
Compensation as of Fiscal Year 2016.
ERGO Group AG Key Developments
ERGO Group AG Introduces VORSORGE Riester Annuity Fonds
Sep 22 16
ERGO Group AG has introduced the VORSORGE Riester annuity Fonds, which guarantees the preservation of premiums paid and state subsidies received. In addition, its fund investment component provides additional return options to secure old-age provision. The unit-linked annuity insurance of VORSORGE Lebensversicherung AG, an ERGO Group company, offers the advantages of old-age provision products with state Riester subsidies: financial grants and possible tax benefits. VORSORGE invests part of the premiums and financial grants in a classic investment scheme with security assets. Another part of the capital is invested by the company in a guarantee fund. The VORSORGE premium preservation guarantee covers the premiums paid plus state-subsidised financial grants to provide a life-long pension. The fund investment provides customers with the additional chance to profit from capital markets and to receive an annuity beyond the guaranteed amount. Once the premium preservation guarantee is secured, customers may choose freely a fund to invest in and further increase their return options. For its VORSORGE Riester-Rente Fonds, ERGO waives the one-time acquisition costs. With this, the annuity belongs to the best tariffs in the market regarding the price-performance ratio. Beside life-long annuity payments, customers may also choose a different pay-out option. It is possible to opt for a one-off lump-sum of up to 30% of the total amount, available at the time of the beginning of retirement. The VORSORGE Riester annuity Fonds is invested in the fund DWS Funds Global Protect 80, a product of the investment company DWS Funds SICAV.
ERGO Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
Aug 9 16
ERGO announced earnings results for the second quarter and six months ended June 30, 2016. The operating result for the ERGO field of business increased to €445 million from April to June against €358 million a year ago, but the consolidated loss fell to €34 million against profit of €215 million during the same period a year ago. Total premium income across all lines of business decreased by 2.8% to €4,179 million against €4,297 million in the second quarter 2015.
For the period from January to June, the company generated a loss of €59 million against profit of €317 million a year ago.
ERGO Group Board Member Jochen Messemer to Leave at End of Year 2016
Jun 23 16
Dr. Jochen Messemer, responsible for International Business on the Management Board of the ERGO Group, will leave the company at the end of 2016 in best mutual agreement. His successor has not yet been appointed.
Similar Private Companies By Industry
Recent Private Companies Transactions