sector: Financials ·
industry: Insurance - Life & Health ·
As of
26 Nov 2009
116.15EUR
ERGO Versicherungsgruppe AG (ERGO) is a Germany-based insurance company. The Company is active across all fields of the insurance industry, comprising life and health insurance, legal expenses insurance, property and casualty insurance and travel insurance. It also offers financial services and ERGO Pension Funds. The Company divides its activities into four strategic business segments: Life, Health, Damage and Accident as well as Legal Expenses. ERGO Versicherungsgruppe AG is present in 30 countries worldwide, concentrating its business activities on Europe and Asia. The Company’s brands include D.A.S., active in the legal protection sector mainly across Europe; Hamburg-Mannheimer, operating in the life and accident insurance sector mainly in Germany; KarstadtQuelle Versicherungen, offering personal insurance; DKV, active in health insurance; as well as Victoria, offering various insurance products.
BRIEF: For the six months ended 30 June 2009, ERGO Versicherungsgruppe AG's total revenue increased 13% to EUR11.71B. Net loss for the period totaled EUR33.9M, vs. a profit of EUR245.2M. Total revenue reflects higher net investment income. Net loss for the period reflects higher other operating expenses, increased financial costs as well as lower other operating income. Net loss also reflects higher other non-operating loss.
Ergo Versicherungsgruppe AG
Victoriaplatz 2
Duesseldorf 40198
P: +49211.49370
F: +49211.49371500