SNS Reaal
Encyclopedia
SNS Reaal N.V. is a Dutch
financial services
provider, offering insurance and banking services to private individuals and medium and small enterprises. The banking services are offered through SNS Bank
, while the insurances are offered through independent intermediaries. The company was formed in 1997 when the SNS Groep
merged with REAAL Groep. Both these companies were formed through a number of mergers and acquisitions and the company continues to expand this way. In 2007 SNS Reaal acquired the Dutch divisions of AXA
and Swiss Life
, making it the 5th-largest insurance company in the Netherlands, with a market share of more than 9%.
The company went public on 18 May 2006 and was added to the AMX index
in 2007. But while it may be listed, over 50% of the shares remain in the hands of a single foundation.
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
financial services
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
provider, offering insurance and banking services to private individuals and medium and small enterprises. The banking services are offered through SNS Bank
SNS Bank
SNS Bank is a Dutch retail bank offering financial products to both companies and individuals. SNS Bank was formed out of a merger of several savings banks in the Netherlands. SNS is an abbreviation of "Samenwerkende Nederlandse Spaarbanken" . In 1997, SNS Bank's holding company bought all shares...
, while the insurances are offered through independent intermediaries. The company was formed in 1997 when the SNS Groep
SNS Bank
SNS Bank is a Dutch retail bank offering financial products to both companies and individuals. SNS Bank was formed out of a merger of several savings banks in the Netherlands. SNS is an abbreviation of "Samenwerkende Nederlandse Spaarbanken" . In 1997, SNS Bank's holding company bought all shares...
merged with REAAL Groep. Both these companies were formed through a number of mergers and acquisitions and the company continues to expand this way. In 2007 SNS Reaal acquired the Dutch divisions of AXA
AXA
AXA S.A. is a French global insurance group headquartered in the 8th arrondissement of Paris. AXA is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. The AXA group of companies engage in life, health and other forms of...
and Swiss Life
Swiss Life
The Swiss Life Group is the largest life insurance company of Switzerland. The firm is headquartered is in Zurich. The Swiss Life Group has 7,500 employees and had assets under management of approximately CHF 133 billion in 2010.-Foundation and growth:...
, making it the 5th-largest insurance company in the Netherlands, with a market share of more than 9%.
The company went public on 18 May 2006 and was added to the AMX index
AMX index
The AMX index, derived from Amsterdam Midkap Index, also known as Midkap index or simply Midkap, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the Amsterdam Stock Exchange. The index was started in 1995. It is composed of the 25 funds that...
in 2007. But while it may be listed, over 50% of the shares remain in the hands of a single foundation.