ERGO Group AG

ERGO Group AG is one of Europe's largest insurance groups and a wholly-owned subsidiary of Munich Re, the world's leading reinsurer. Founded in 1997-1998 through the strategic merger of established German insurers including VICTORIA, Hamburg-Mannheimer, DKV Deutsche Krankenversicherung AG, and D.A.S., ERGO represents Munich Re's primary insurance arm. With over 38,700 employees and agents worldwide, ERGO serves more than 25 million customers across over 20 countries, particularly in Europe and Asia. The company operates through three main business units: ERGO Deutschland AG managing domestic operations, ERGO International AG overseeing global expansion, and ERGO Technology & Services Management AG handling IT and technology services. ERGO offers comprehensive insurance products across all major lines including life insurance, health insurance, property and casualty insurance, travel insurance, and legal expenses insurance. In Europe, ERGO claims market leadership in health and legal expenses insurance segments, while maintaining a strong position as Germany's second-largest direct insurance group. With €20.8 billion in insurance revenue in 2024, representing about one-third of Munich Re Group's total insurance revenue, ERGO demonstrates consistent financial performance with strong operating results of €1.0 billion and net results of €810 million. The company's investment portfolio totals €138.1 billion, reflecting its substantial market presence and financial strength. ERGO's business model combines traditional insurance expertise with innovative digital solutions and personalized advisory services, positioning it as a leader in the European insurance market.