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The SIGNAL IDUNA Group offers insurance and financial services. The group was created through the merger of the
Dortmund Dortmund (; ; ) is the third-largest city in North Rhine-Westphalia, after Cologne and Düsseldorf, and the List of cities in Germany by population, ninth-largest city in Germany. With a population of 614,495 inhabitants, it is the largest city ...
-based Signal Versicherungen and the
Hamburg Hamburg (, ; ), officially the Free and Hanseatic City of Hamburg,. is the List of cities in Germany by population, second-largest city in Germany after Berlin and List of cities in the European Union by population within city limits, 7th-lar ...
-based Iduna Nova Group on 1 July 1999. The companies of these two groups have been under one management ever since. Ulrich Leitermann has been the Chairman of the Management Board of the Signal Iduna Group since July 2013. Since 1 April 2009, Deutscher Ring Krankenversicherungs-Verein a. G. has also been part of the Signal Iduna Group. In August 2017, it merged with Signal Krankenversicherung a. G., which has since operated under the name Signal Iduna Krankenversicherung a. G.. Within this, Deutscher Ring Krankenversicherung continues to exist as a brand.


Business segments

Signal Iduna generated premium income of 6.47 billion euros in 2022. Asset investments amounted to 80.52 billion euros in 2019. 10,870 people work for the group. Sales are primarily carried out by around 2,800 self-employed (professional), exclusive insurance intermediaries (commercial agents) (§ 84 HGB), and by insurance brokers. In addition to the insurance companies, the Signal Iduna Group includes * Signal Iduna Krankenversicherung a. G., Dortmund * Signal Iduna Lebensversicherung a. G., Hamburg * Signal Iduna Unfallversicherung a. G., Dortmund * Signal Iduna Allgemeine Versicherung Aktiengesellschaft, Dortmund * PVAG Polizeiversicherungs-Aktiengesellschaft, Dortmund * Versicherer für den Öffentlichen Dienst (VÖDAG), Hamburg * Signal Iduna Pensionskasse AG, Berlin * Adler Versicherung AG, Berlin * DEURAG Deutsche Rechtsschutz-Versicherung, DEURAG Deutsche Rechtsschutz-Versicherung AG, Wiesbaden as well as four providers of financial services, all of them with their head office in Hamburg: * Donner & Reuschel Aktiengesellschaft * HANSAINVEST Hanseatische Investment-GmbH * Signal Iduna Bauspar AG * Signal Iduna Asset Management GmbH Foreign subsidiaries are Signal Iduna Biztosító Zrt. (Signal Iduna Versicherung AG),
Budapest Budapest is the Capital city, capital and List of cities and towns of Hungary, most populous city of Hungary. It is the List of cities in the European Union by population within city limits, tenth-largest city in the European Union by popul ...
, as well as
Warsaw Warsaw, officially the Capital City of Warsaw, is the capital and List of cities and towns in Poland, largest city of Poland. The metropolis stands on the Vistula, River Vistula in east-central Poland. Its population is officially estimated at ...
based Signal Iduna Polska with Signal Iduna Polen Versicherung AG and Signal Iduna Polen Lebensversicherung AG and Signal Iduna Asigurări de Viaţă S.A. in
Bucharest Bucharest ( , ; ) is the capital and largest city of Romania. The metropolis stands on the River Dâmbovița (river), Dâmbovița in south-eastern Romania. Its population is officially estimated at 1.76 million residents within a greater Buc ...
. The group also includes Signal Iduna Rückversicherungs AG with its registered office in Zug in Switzerland. Furthermore, the Signal Iduna Group is the largest shareholder of the National-Bank based in
Essen Essen () is the central and, after Dortmund, second-largest city of the Ruhr, the largest urban area in Germany. Its population of makes it the fourth-largest city of North Rhine-Westphalia after Cologne, Düsseldorf and Dortmund, as well as ...
, with approximately 26.4% of the shares.


History

The two original groups of the group have been closely linked to the economic middle classes of crafts, trade and commerce since their creation at the beginning of the 20th century. Iduna Nova was the result of an initiative by independent craftsmen and tradesmen who founded a health and death insurance fund in
Hamburg Hamburg (, ; ), officially the Free and Hanseatic City of Hamburg,. is the List of cities in Germany by population, second-largest city in Germany after Berlin and List of cities in the European Union by population within city limits, 7th-lar ...
in 1906.
Dortmund Dortmund (; ; ) is the third-largest city in North Rhine-Westphalia, after Cologne and Düsseldorf, and the List of cities in Germany by population, ninth-largest city in Germany. With a population of 614,495 inhabitants, it is the largest city ...
master craftsmen followed this example a year later and also set up a health support fund. The Hamburg Chamber of Trade (now the Hamburg Chamber of Crafts) had a special role in the founding and has had a say and a right of supervision since the founding. Two Hamburg master craftsmen deserve special mention, the builder and master stonemason Johann Reimer (1847-1917) and the master turner and later Hamburg senator Johannes Hirsch (1861–1935). The Imperial Supervisory Office in Berlin demanded 100,000 marks for the founding fund. Fourteen Hamburg banks raised half and the other half was raised by the master craftsman Johann Reimer from Hamburg's Karolinenviertel. Johannes Hirsch was chairman of the supervisory board of the "Mittelstandsversicherung" from 1914 to 1934. The different company forms as an insurance association or public limited company have business management and tax reasons. The joint-stock companies are not listed on the
stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...
. The Signal Iduna Group is now open to all sections of the population. However, the traditionally close ties with organisations from the trades, commerce and trade continue. Through a sponsorship agreement with
Borussia Dortmund Ballspielverein Borussia 09 e. V. Dortmund, often known simply as Borussia Dortmund () or by its initialism BVB (), or just Dortmund by International fans, is a German professional sports club based in Dortmund, North Rhine-Westphalia. It is ...
, Signal Iduna acquired the naming rights to Dortmund's Westfalenstadion: Since 1 December 2005, the stadium has been called ''Signal Iduna Park''. The contract runs until 30 June 2026. Corporate News Several
skyscraper A skyscraper is a tall continuously habitable building having multiple floors. Most modern sources define skyscrapers as being at least or in height, though there is no universally accepted definition, other than being very tall high-rise bui ...
s and building complexes built by the Iduna insurance company or in whose construction it was involved carry or bore "Iduna" in their name. The name ''Iduna'' is derived from the Norse deity "Idun(a)", the goddess who was responsible for the apples that the gods had to eat to preserve their youth and thus, as it were, their immortality. The sculpture of ''Iduna'' by the sculptor Jean Sprenger stands in the old Rabenstraße 32 in front of the old administration building, which was built under the direction of Bertold Beitz. The architect was Ferdinand Streb.


References


External links

* * {{Authority control Financial services companies established in 1907 Insurance companies of Germany Companies based in Dortmund Companies based in Hamburg German brands German companies established in 1907