The DEVK group is directed by two mutual insurance companies: one for life (DEVK Versicherung Lebensversicherungsverein A.G.) and one for non-life business (DEVK Versicherung Sach und HUK-Versicherungsverein A.G.). These parent companies were founded by railway workers in 1886 and 1889 respectively. 

Today DEVK covers the whole range of financial and insurance services open for all private customers. Several subsidiaries are specialized in particular insurance sectors. The DEVK parent companies are member-owned (mutuals) and have no capital to remunerate. DEVK is longing for offering fair products and services and for maintaining financial strength in order to realize and improve long-term security and successful relationships at the advantage of its policyholders, employees and partners.

With roundabout 4.2 million policyholders representing more than 15.1 million policies in all lines of insurance, DEVK is today in 3th place on the German market in terms of home insurance, 5th in terms of public liability and 5th in terms of car insurance.

Supervisory & Management Boards

  • Chair of the Supervisory Board: Alexander KIRCHNER
  • Chair of the Management Board: Gottfried RÜßMANN
  • Motor Insurance
  • Home/Public Liability/Accident Insurance
  • Life Insurance/Pension Funds
  • Legal Protection Insurance
  • Health/Sickness/Disability Insurance
  • Reinsurance
  • SADA (Nimes based company, fully owned subsidiary of DEVK specialised in niche markets)
  • Direct distribution through exclusive agents
  • Banking network of the Sparda Banken
  • Online sale on and through the comparison website
  • Total Turnover: €3,624.1M (*)
    Of which Non-Life Insurance: €2,695.4M
    Of which Life Insurance: €928.7M
  • Number of policies: 15.1 million
  • Number of policyholders: Around 4.2 million
  • Points of sales: 19 Regional Administrative centres and 1,264 service offices
  • Number of employees: 3,340
  • Sales force: 1,929 full time agents and 625 part-time
  • Total Equity capital: €2,299.4M
  • Assets under management: €19,313.1M

(*) Including SADA Assurance (France) and Reinsurance

*2019 Figures


Total Turnover