ERGO life insurers increase profit participation for 2024

ERGO Vorsorge, ERGO Group’s life insurance provider, is increasing the total profit participation for 2024. ERGO Leben and Victoria Leben, the two companies responsible for traditional life insurance products, will also be increasing their total profit participation compared with last year.

“The sustained improvement in the general level of interest rates and the increase in key interest rates since spring of this year set a stable framework for increasing the profit participation of ERGO Vorsorge Lebensversicherung in 2024”, states Michael Fauser, CEO of ERGO Vorsorge Lebensversicherung AG, and emphasises: “ERGO is and remains a dependable and financially solid partner for its customers. This is once again underlined by ERGO Vorsorge’s excellent solvency ratio of 606% without transitional measures and its best ever – and recently confirmed – credit rating of AA from the Assekurata rating agency.”

The profit participation in detail

ERGO Vorsorge Leben: The total profit participation of ERGO Vorsorge Lebensversicherung is being significantly increased and will go up by 0.6 percentage points to 4.1% in 2024. The participation rates of our index products will also increase significantly as a result.

ERGO Leben: ERGO Lebensversicherung will be increasing its total profit participation by 0.4 percentage points to altogether 2.5% in 2024.

Victoria Leben: In the coming year, Victoria Leben’s total profit participation will also increase by 0.4 percentage points to 2.5%.

Sustainable investment strategy

At its life insurance companies, ERGO continues to follow an optimal investment strategy that is tailored to the respective business model, in order to ensure an attractive return in the long term through sufficiently high current income. As part of this strategy, ERGO is expanding its commitment to sustainable infrastructure financing in segments such as wind power, district heating and rail networks, and also in real estate financing. ERGO Vorsorge Leben is also making increased use of the return opportunities on the equity markets.