Insurer profile
Athora Netherlands N.V.
Athora Netherlands N.V. · Netherlands
Overview
Athora Netherlands N.V. is the holding company of SRLEV N.V. and Zwitserleven PPI N.V., operating in the Netherlands through the brands Zwitserleven and Reaal. It is the Dutch subsidiary of Athora Holding Ltd., a pan-European savings and retirement services group that also owns businesses in Belgium, Germany, Italy and, since March 2026, the UK (via the completed acquisition of Pension Insurance Corporation Group).
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Products in this market
Company details
- Parent group
- Athora Holding Ltd.
- Regulator
- De Nederlandsche Bank (DNB) and the Authority for the Financial Markets (AFM)
- Phone
- +31 20 543 6543
- [email protected]
Products from Athora Netherlands N.V.
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Pension Insurance (Zwitserleven)
Collective pension schemes for employers, offered by Zwitserleven, covering defined contribution arrangements compliant with the new Dutch Pension Act (Wtp).
Nu Pensioen / Pension Now (Zwitserleven PPI)
A defined contribution pension scheme from Zwitserleven PPI giving employers clarity on pension contributions, administration costs and risk-insurance costs, invested in sustainable equities and bonds.
Netto Pensioen (Zwitserleven PPI)
A voluntary net pension product allowing employees to accrue additional pension on salary above the fiscal cap (€137,800 in 2026), including an optional net surviving dependants' pension.
i-Pensioen (Zwitserleven)
A defined benefit pension product for employers with an existing final-pay or average-pay scheme, with an optional Zwitch Option to switch later to a defined contribution arrangement.
Fixed Pension / Direct Pension (Zwitserleven)
A guaranteed annuity product allowing retiring employees to convert their pension capital into a fixed or variable lifelong pension income.
PensioenAanvullen / Supplement Pension (Zwitserleven)
A product allowing individuals to make additional fixed or percentage-based contributions to build up extra retirement income alongside their existing pension accrual.
Group Term Life Insurance (Zwitserleven)
Group risk insurance providing employees' next of kin with financial certainty in the event of the employee's death.
Surviving Dependants Pension / Partner and Orphan Pension (Zwitserleven)
Pension provision for surviving partners and children of deceased employees, arranged through employer pension schemes at Zwitserleven.
Term Life Insurance / Death Risk Insurance (Reaal)
A life insurance policy that pays out an agreed lump sum to beneficiaries if the insured dies before the policy end date, often used to cover a mortgage.
Funeral Insurance (Reaal)
An insurance policy that pays out a lump sum upon the death of the insured, intended to cover funeral costs.
Annuity Insurance (Reaal)
An annuity insurance product providing a periodic income to supplement pension income in retirement.
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Regulatory updates
Athora Netherlands is regulated by DNB (prudential supervision) and AFM (conduct supervision) under the Dutch twin-peaks model. Athora Netherlands' Solvency II ratio stood at 197% at the end of 2025 (YE2024: 201%), reflecting strong Operating Capital Generation offset by €330m of shareholder capital distributions and market impacts. At Group level, Athora Holding Ltd. completed the acquisition of Pension Insurance Corporation Group (PICG) on 27 March 2026 after receiving regulatory approval from the UK Prudential Regulation Authority on 6 March 2026, creating one of Europe's largest savings and retirement services groups with €139bn of AuMA and 3.1 million customers; Athora Group also announced plans to relocate its corporate and legal headquarters from Bermuda to the UK by late 2027, subject to regulatory approvals. Fitch's 'A' Insurer Financial Strength rating for Athora was revised to 'Rating Watch Positive' in July 2025 following the PICG announcement.
