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Facts & figures
Sustainable business practices
Reporting und figures
During 2019, ERGO Vorsorge, the ERGO Group´s life insurance provider, is to keep its total rate of return unchanged compared with the previous year. In the case of the two companies responsible for traditional classic life portfolio, ERGO Leben and Victoria, the total rate of return will also remain stable. ERGO Direkt Leben is to adjust its total rate of return by 0.25 percentage points.
"Our cautious approach to the capital market has allowed us to once again maintain a constant total rate of return at ERGO Vorsorge Leben this year and consequently stable bonuses in 2019," says Michael Fauser, Chief Executive Officer at ERGO Vorsorge Lebensversicherung AG.
Total rates of return in detail:
ERGO Vorsorge Leben. ERGO Vorsorge Lebensversicherung will keep the current interest rate at 2.55 percent for 2019. Added to this will be 0.2 percent accruing from the terminal bonus and the basic share in valuation reserves. This will result in a total rate of return of 2.75 percent.
ERGO Leben. ERGO Lebensversicherung will be setting a current interest rate of 2.05 percent for 2019. Added to this will be 0.3 percent accruing from the terminal bonus and the basic share in valuation reserves. This will result in a total rate of return of 2.35 percent.
Victoria Leben. The current interest rate at Victoria Leben will amount to 2.05 percent in 2019, as in the previous year. Customers will receive an additional 0.3 percent from the terminal bonus and their basic share in the valuation reserves. The total rate of return will therefore amount to 2.35 percent.
ERGO Direkt. ERGO Direkt Lebensversicherung will be reducing the current rate of interest by 0.25 percent to 2.5 percent. Customers will continue to receive 0.25 percent of the terminal bonus. The total rate of return will therefore amount to 2.75 percent.
Explanatory notes on the total rate of return
Each year, insurers calculate their returns on invested capital and other sources of profit. Customers receive a share of the surplus. To this end, insurers determine the relevant current interest rate and, if applicable, a share of the terminal bonus for their customers at the end of each year. Together, these give rise to the total rate of return. In the case of many tariffs, a basic share of the valuation reserves is also included.
Existing customers receive at least the guaranteed interest rate prevailing at the time the contract was closed.
Insurers duly notify the Federal Financial Supervisory Authority (BaFin) regarding allocation of the surplus.
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