Ergo Group
Ergo Group AG is one of the leading international insurance groups and operates in over 20 countries worldwide. Based in Düsseldorf, Germany, the multi-line insurance company offers its retail and corporate customers a broad product portfolio in all the main classes of insurance – property and casualty, life and health insurance – as well as comprehensive assistance and other services. About 37,000 people work either as salaried employees or self-employed sales representatives for the Group. In the 2024 fiscal year, Ergo generated insurance revenue of 20.8 billion euros and a net result of 810 million euros. Ergo is part of Munich Re, one of the world’s leading reinsurers and risk carriers.
History
In 1997, D.A.S., DKV Deutsche Krankenversicherung AG, Hamburg-Mannheimer and Victoria merged to establish Ergo Insurance Group. Then, in 2001, Munich Re became the sole owner of the group. In 2009, the travel insurance company Ergo Reiseversicherung and Austrian BA-CA Insurance were integrated, and in 2010, KarstadtQuelle Versicherungen, renamed Ergo Direkt Lebensversicherung AG. Since 2016, the company operates with a holding structure under Ergo Group AG.Organization
Three holding entities operate under the roof of Ergo Group: Ergo Deutschland AG, Ergo International AG and Ergo Technology & Services Management AG.- Ergo Deutschland AG – Runs Ergo Group's business activities in its home market Germany. Its main operational subsidiaries include the P&C insurer Ergo Versicherung AG, the life insurance carrier Ergo Vorsorge Lebensversicherung AG, and the health insurance company DKV Deutsche Krankenversicherung AG.
- Ergo International AG – Manages Ergo Group's international business activities. As such, it oversees the company's operations in over 20 countries worldwide, focusing on Europe, Asia, and since 2025, the United States.
- Ergo Technology & Services Management AG – Is in charge of global management of IT and technology services for Ergo Group and its subsidiaries. Software, support services and digital infrastructure are organized and provided by three on-, near- and offshore hubs in Germany, Poland and India, respectively.
International development
Acquisition of Next Insurance – entry into the US market
In 2025, Ergo Group fully acquired US insurer . Through this transaction, the group entered the world's largest insurance market, tapping the US small and medium-sized businesses segment. Founded in 2016 and headquartered in Palo Alto, California, Next insurance is a leading technology-first P&C insurer focusing on the specific needs of US small business owners. The company's innovative technology platform offers a digital "one-step" insurance experience with instant underwriting and policy issuance. As such, Next Insurance offers simple, digital insurance coverage, including General Liability and Workers' Compensation. Since its creation, Next Insurance has witnessed significant growth and generated a top line of $548 million in 2024. As of 2025, the company serves more than 600,000 customers and counts around 700 employees. Ergo and Munich Re have been closely accompanying Next Insurance since 2017. Prior to the afore-mentioned transaction, Ergo Group was already a major shareholder of Next insurance, holding around 29 percent of the company's outstanding share capital. Next Insurance was renamed Ergo Next Insurance in 2026.Management
The management of Ergo Group AG is overseen by a Board of Management, which has seven members and is responsible for the company's strategic direction and day-to-day operations. As of 2025, the CEO and Chairman of the Board of Management is Dr. Markus Rieß, who has held the position since 16 September 2015. The mandates of the other board members include Finance, Technology, Digitalization, Underwriting and Human Resources.The Board of Management itself is overseen by a Supervisory Board, which monitors the former's conduct of business and advises the executive team on all matters of importance to the company. In doing so, the Supervisory Board contributes to the long-term development of Ergo Group. As of 2025, the Supervisory Board is chaired by Dr. Joachim Wenning, Chair of the Board of Management of Munich Re.
Stock market presence
Ergo was publicly listed in the MDAX index until 2001. Following Munich Re’s full acquisition that year, Ergo ceased to have an independent stock market listing. Shares of Munich Re are traded on the Frankfurt Stock Exchange with the company being included in the DAX index, which represents the 40 largest German companies by market capitalization.Headquarters
Ergo Group AG is headquartered in Düsseldorf, Germany. The "Victoria-Haus" and its adjacent buildings serve as the company's headquarters, located in Düsseldorf’s Pempelfort district. The cylindrical high-rise tower was constructed between 1994 and 1998 and stands approximately 108 meters tall with 29 floors above ground, making it the third tallest building in the city.Sponsorship
Ergo Group AG pursues a long-term, strategic sports sponsorship program. The company has been a partner of the DFB Cup, a national soccer cup competition organized annually by the German Football Association, since 2016 and the "Official Insurance Partner of the German Football Association" since 2022. As such, Ergo is partner of the men’s, women’s, and under-21 national soccer teams and supports the DFB Academy as well as the amateur soccer portal Fussball.de. Moreover, Ergo is the title sponsor of the DFB-ePokal, an e-soccer cup competition for amateur and professional gamers. In 2024, the company also acted as an official national partner of UEFA Men's European Football Championship, commonly referred to as Uefa Euro 2024, which took place in Germany, and was presenting partner of the tournament’s volunteer program.In terms of partnerships and sponsoring, Ergo Group AG is active on the local and international level as well, supporting different cultural, educative and sport institutions and initiatives on the ground and in the countries in which it operates.