Delta Lloyd Group

Delta Lloyd N.V.

Type	Naamloze vennootschap
Traded as	Euronext: DL
Industry	Financial services
Founded	1807
Headquarters	Amsterdam, the Netherlands
Key people	Niek Hoek (CEO), René Kottman (Chairman of the supervisory board)
Products	Life, property and casualty insurance; mortgages; asset management; savings accounts
Revenue	€8.999 billion (2010)[1]
Profit	€620.8 million (2010)[1]
Total assets	€69.19 billion (end 2010)[1]
Total equity	€4.956 billion (end 2010)[1]
Employees	6,665 (FTE, average 2010)[1]
Website	www.deltalloydgroep.com

Delta Lloyd Group is a Dutch insurer with operations in the Netherlands, Belgium and Germany. It consists of Delta Lloyd, OHRA and ABN AMRO Verzekeringen together and a few minor banks. The company is the 6th insurer in the Netherlands with a market share of approximately 8%.

The company is owned by Aviva (43.1%), the Dutch foundation Nuts OHRA (8%) and publicly traded (38-42%).

History

The earliest predecessor of Delta Lloyd, the Hollandsche Societeit van Levensverzekeringen, was founded in 1807. In 1967 it merged with the Amsterdamsche Maatschappij van Levensverzekeringen and was renamed Delta. And in 1969 Delta merged with NedLloyd (not to be confused with the shipping company of the same name). In 1973 all shares in Delta were bought by the British firm Commercial Union (now Aviva).

In 1999 Delta Lloyd merged with OHRA. The company was renamed Delta Lloyd Group in 2002.

Initial public offering

The Delta Lloyd Group officially went public on the NYSE Euronext Amsterdam on 3 November 2009.^[2] Delta Lloyd made 38-42% of its shares public, with its major shareholder Aviva reducing its ownership from 92% to 50-54%. Delta Lloyd's other previous shareholder, Nuts OHRA, retained its 8% stake.

Delta Lloyd Nederland

Delta Lloyd

Delta Lloyd forms the core of the Delta Lloyd Group. It offers saving accounts, insurance and financial planning.

OHRA

OHRA was formed in 1925 and was known as Onderlinge ziektekostenverzekeringsfonds van Hoogere RijksAmbtenaren (Mutual health insurance for senior civil servants).

ABN AMRO Verzekeringen

ABN AMRO Verzekeringen is a joint venture between ABN AMRO and Delta Lloyd, giving Delta Lloyd the exclusive right to sell insurance through ABN AMRO offices. It had a revenue of €900 million in 2006. For Delta Lloyd this joint venture represents a vital means of selling insurances.

Delta Lloyd Health Insurance

Delta Lloyd was only a small player in the Health insurance market with 700.000 customers. Originally, Delta Lloyd tried to merge its health insurance division with Agis and Menzis, but this deal fell through, thus necessitating Delta Lloyd to sell its health insurance division. Delta Lloyd sold it to CZ groep effective January 1st 2008.

Delta Lloyd Bank

Delta Lloyd also offers limited banking products, such as savings accounts and mortgages.

Delta Lloyd Belgium and Germany

Delta Lloyd is also active in Belgium and Germany. In Belgium the company offers life insurance and collective insurance. In Germany Delta Lloyd offers life insurance and asset management.

References

1. ^ ^{a b c d e} "Annual Report 2010". Delta Lloyd Group. http://verslag.deltalloydgroep.com/2010/docs/default/downloads/DLG_Annualreport_2010.pdf. Retrieved 22 April 2011. 
2. ^ Kreijger, Gilbert; Ku, Daisy (3 November 2009). "Delta Lloyd falls after IPO prices at low end". Reuters. http://www.reuters.com/article/idUSTRE5A20LP20091103. Retrieved 3 May 2010. 

External links

• Official website

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