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Financial Services

Key figures: Financial Services

 

2008

2007

2006

2005

2004

Figures in EUR million

 

 

 

 

 

Net investment income

–91

–67

–49

–28

–25

Other income

144

144

121

73

61

Other expenses

14

17

17

10

11

Operating result (EBIT)

39

60

55

35

25


This Talanx segment, which consists of the AmpegaGerling companies and the Group’s own reinsurance broker Protection Re, offers a product range that extends from individual investment concepts for private investors to comprehensive asset management solutions for institutional clients.

Multifaceted expertise at AmpegaGerling

The central task of AmpegaGerling is asset management for all companies belonging to our Group – this ranges from strategic and operational investment decisions for the various portfolios to administrative services such as investment bookkeeping, accounting and investment reporting. Yet not only is the management of the Talanx Group’s assets and real estate concentrated here; under the AmpegaGerling brand we also offer institutional and private clients outside the Group our know-how in the field of asset management. AmpegaGerling Asset Management GmbH is responsible for investments made by the Talanx Group. In addition, AmpegaGerling Investment GmbH operates as a funds provider for private clients and institutional investors. AmpegaGerling Immobilien Management GmbH handles the coordination of real estate management for the Group. As the combination of these three closely cooperating companies, AmpegaGerling is thus one of the largest asset managers in Germany with no ties to a banking partner.

Institutional clients in the investment sector include insurers, “Pensionskassen” (pension insurance companies set up by one or more companies to serve exclusively their own employees), provident funds as well as external asset managers. The portfolio of products and services encompasses special funds, public funds and institutional asset management activities, including specialized administration services for clients outside the Group. Private clients are able to invest in a broad range of funds for capital accumulation or in state-of-the-art, dynamic retirement provision.

Reinsurance brokering by Protection Re

The Talanx segment of Financial Services also includes Protection Reinsurance Intermediaries AG (Protection Re), the professional reinsurance advisor and intermediary for non-life reinsurance cessions of the Talanx Group. Protection Re is tasked with safeguarding on a long-term basis the reinsurance capacities needed for all insurance undertakings within the Talanx Group in the non-life sector and with developing optimal solutions for our clients and business partners. Protection Re cooperates worldwide with reinsurers, selected reinsurance brokers and other service providers.