A consortium of top insurers and asset managers has completed the acquisition of Viridium Group, Germany's leading life insurance consolidator, to enhance operational efficiencies and capitalize on growth opportunities in the fragmented European market.

Information on the Target

Viridium Group is Germany's leading life insurance consolidator, managing over 3.2 million contracts and approximately 68 billion euros in assets as of year-end 2024. With a market share of around five percent, Viridium ranks among the top five largest life insurers in Germany, stands as the second-largest life consolidator in continental Europe, and positions itself within the top ten globally. The company enhances existing life insurance policies, delivering increased value for both customers and shareholders through improved returns and a robust capital structure.

Viridium operates four life insurance companies: Proxalto Lebensversicherung, Entis Lebensversicherung, Heidelberger Lebensversicherung, and Skandia Lebensversicherung. The commitment of Viridium’s 900 employees is instrumental in safeguarding customer interests while ensuring that private pension protection through life insurance remains an appealing choice for the future.

Industry Overview in Germany

The life insurance sector in Germany is one of the most developed in Europe, characterized by a diverse range of products and a robust regulatory environment. In recent years, there has been a notable shift toward consolidation within th