Type Naamloze vennootschap Industry Financial services Headquarters Amsterdam, Netherlands Total assets 108.1 billion USD (2015) | Traded as Euronext: DL Revenue €8.999 billion (2010) Founded 1807 | |
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Key people Hans van der Noordaa (CEO), Rob Ruijter (Chairman of the supervisory board) Products Life, property and casualty insurance; mortgages; asset management; savings accounts Stock price DL (AMS) € 5.36 0.00 (-0.06%)3 Mar, 5:36 PM GMT+1 - Disclaimer Subsidiaries OHRA N.V., Delta Lloyd Levensverzekering NV Profiles | ||
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 sixth-largest insurer in the Netherlands, with a market share of approximately 8%.
Contents
- History
- Initial public offering
- Delta Lloyd
- OHRA
- ABN AMRO Verzekeringen
- Delta Lloyd Health Insurance
- Delta Lloyd Bank
- Delta Lloyd Belgium and Germany
- References
The company is owned by the Dutch foundation Nuts OHRA (5%) and publicly traded (95%). It was previously owned by Aviva. On 23 December 2016, competitor NN Group reached an agreement to acquire Delta Lloyd for 2.5 billion Euro.
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. 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.
In July 2012 and January 2013, Aviva sold its part, making the group 95% publicly traded.
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 the deal fell through, thus necessitating Delta Lloyd to sell its health insurance division to CZ groep, effective January 1, 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 stopped signing new contracts in 2010.