Delta Lloyd Group’s history dates back two centuries: a two hundred-year track record of continuity and reliability. Delta Lloyd Group finds its roots in one of the oldest life insurers on mainland Europe: Hollandsche Sociëteit van Levensverzekeringen founded in Amsterdam in 1807. This ancestor was one of the very first life insurance companies to draw up premium tables based on scientific calculations instead of charging speculative premium rates.

Thanks to its strong long-term focus and consistent strategy, this 19th century company gradually evolved - through organic growth as well as alliances, mergers and acquisitions - into the present-day financial service provider called Delta Lloyd Group.


Broadening of scope

In 1967, Hollandsche Sociëteit joined forces with Amstleven (Amsterdamse Maatschappij van Levensverzekeringen NV, a life insurance company set up in 1892) to form a new company called Delta. The combination considerably strengthened its position in the Dutch insurance and investment markets. Two years later, in 1969, the merger between Delta and Nedlloyd led to a further reinforcement and widening of the product range to include general insurance. The new listed company Delta Lloyd NV operated in the Dutch market through insurance intermediaries.

In the increasingly competitive national and international insurance world, the highly profitable Delta Lloyd was regarded as an attractive partner. In 1973, UK-based Commercial Union, a prominent insurer with an extensive international network, acquired the shares. This move opened up new opportunities for Delta Lloyd, which continued to operate autonomously in the Dutch market under its own brand name. After several mergers Aviva plc became the Group's largest shareholder. Aviva sold its entire remaining interest in January 2013. 

Distribution power

In the 1990s Delta Lloyd mapped out a clear new course. As a medium-sized insurer with a single distribution channel - the insurance intermediaries - Delta Lloyd aimed to develop into a company with a top position in the market. To achieve this, Delta Lloyd decided to reinforce its distribution power through the multi-channel concept and to expand its sales market.

Improving access to customers is perceived within Delta Lloyd as the key to success in the insurance market. In 1999, Delta Lloyd merged with NUTS OHRA Management, thereby bringing a direct writer under its roof. In addition, both NUTS and OHRA contributed large health insurance portfolios. Following this merger, Fonds NutsOhra has an interest of 8% in Delta Lloyd Group while Aviva holds 92% of the shares. In 2003, Delta Lloyd and ABN AMRO Bank established a joint venture in which Delta Lloyd acquired a majority stake of 51%. The joint venture has the exclusive right to sell insurance products through the distribution network of ABN AMRO Bank in the Netherlands.

At the end of March 2007, with retroactive effect from 1 January 2007, the takeover of Erasmus - part of German-based Wüstenrot & Württembergische - by Delta Lloyd Insurance became a reality. The transaction is in line with the aspiration to strengthen Delta Lloyd Group's position in the Dutch insurance market.

Delta Lloyd Group and CZ reached agreement on a strategic alliance in July 2007. From 1 January 2009, CZ will take over, as risk bearer, the health insurance business of Delta Lloyd Group. The alliance opens up excellent strategic prospects: access to 3.3 million health insurance customers and a market share of 20%.

Customers in the Netherlands are now served through three distribution channels and three related brands: Delta Lloyd via the independent insurance intermediaries, OHRA via the direct channel and ABN AMRO Insurance via the Dutch branches of ABN AMRO Bank.



In the early 1990s Delta Lloyd purchased the Dutch branch of a foreign bank, and continued the operation under the name Delta Lloyd Bank. In Belgium, Delta Lloyd Life, which arose from the merger of a number of smaller companies in 1991, managed to secure a top ten position in the local life market within a few years. This success is attributable primarily to the leveraging of the important brokerage channel and the simultaneous creation of a strong distribution franchise: Delta Lloyd Bank. In Belgium, Delta Lloyd Bank has built a medium-sized bank branch network through the merger of Bankunie, Bank Limburg and Bank Nagelmackers 1747 as well as the opening of new sales outlets.


Beursgang Delta Lloyd Groep

Initial public offering

In the summer of 2009 Delta Lloyd Group and Aviva announce the possible stock exchange listing of part of the Aviva interest in Delta Lloyd and the future complete selling of its shareholding. The stock market launch of Delta Lloyd Group is a success and the largest initial public offering in Western Europe in 2009, the third-largest worldwide and the biggest in the global financial services sector. Aviva continued to reduce its interest in Delta Lloyd in 2011 and 2012 and sold its remaining shares in January 2013. Delta Lloyd is now a fully independent listed company.

The stock exchange listing underpins Delta Lloyd Group's growth strategy, enhances its strategic flexibility and reinforces its identity and brand. As a listed company, Delta Lloyd Group has direct access to the capital market, giving it sufficient leeway to play a role in the anticipated market consolidation in the Netherlands and Belgium. The flotation has broadened its shareholder base and strengthened its ability to pursue its own strategy. From 24 March 2014, the Delta Lloyd share is included in the AEX index. In 2013, Delta Lloyd also obtained a listing on NYSE Euronext Brussels. This underlines the importance of Belgium as its second home market. As from 18 March 2013, Delta Lloyd is included in the BEL20 index, which includes the largest Belgium-listed companies.


Market leadership

By the start of the 21st century the Amsterdam-based life insurer founded in 1807 had developed into a listed, prominent full financial service provider that is mainly active in the Netherlands and Belgium. Delta Lloyd Group offers a broad range of products and services through the distribution channel of the personal and commercial customer's choice.

With its multi-channel and multi-label strategy Delta Lloyd Group has secured a strong position among the leading Dutch insurers. Belgium is evolving into the second home market of the Group. In that market, Delta Lloyd Group aims to develop rapidly in the coming years into a leading life insurer as well.
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