Financial Services

  • Enlarged business volume boosts commission income; EBIT for the segment up 10%
  • AmpegaGerling companies commence operations in Cologne after integration of their respective personnel
  • Group’s internal reinsurance broker Protection Re increases its operating profit from
    EUR 9 to EUR 15 million

Assets under management in EUR bn: 2003 = 20.9, 2004 = 25.3, 2005 = 37.1, 2006 = 63.2, 2007 = 65.7;

2003: US GAAP, 2004 onwards: IFRS

Markets, customers and products

The spectrum of products in this segment ranges from individual investment concepts for private investors to comprehensive asset management solutions for institutional clients. The assets of Group companies are managed here, and the Group’s own reinsurance broker also belongs to this segment.

Goals

  • Grow (organically) by increasing profitable third-party mandates on the retail side and boosting volumes in institutional business

Sales channels

  • Marketing channels of the Talanx Group
  • Cooperations with banks, brokers and asset managers
  • Direct sales

Brands

Logo: Ampega Gerling, Protection RE