Philips Gmbh Market Dach

What Philips Gmbh Market Dach does

Philips Pensionskasse (VVaG) is a regulated mutual insurance association (Versicherungsverein auf Gegenseitigkeit) headquartered in Hamburg, Germany, founded in August 1949 under the name Versorgungswerk der deutschen Philips Unternehmen. It provides company pension schemes (betriebliche Altersvorsorge) — specifically lifelong monthly retirement pensions, disability pensions, and survivor (widow/widower/orphan) benefits — exclusively to employees of Philips GmbH and affiliated companies designated in its articles of association. The fund operates under BaFin supervision, manages €930 million in total assets (2024 balance sheet), and insures approximately 23,208 members across an active Tarif 2021 product and several closed legacy tariffs (1985, 2002, 2002Z, 2008, 2008Z, 2009AB). It also offers Riester-Rente state-subsidized pension options.

The fund generates revenue through recurring monthly pension contributions collected via salary conversion (Entgeltumwandlung) and employer subsidies, with 2024 contribution income of €14 million and insurance benefits paid of €40 million. Distribution is exclusively through employer HR/payroll partnerships with Philips GmbH and affiliates — there is no public marketing or external sales channel. The technology stack includes a digital Kundenportal (Customer Portal) launched December 2023 for 24/7 member self-service, SEPA payment processing, electronic document management, integration with the German Digitale Rentenübersicht, and SEPA-based automated payment office procedures for health insurance reporting. Capital investments of €914 million are managed via external mandates with HSBC Asset Management and Amundi Asset Management, generating a 4.4% net return in 2024. The organization operates with approximately 15 employees, organized into member service, insurance management, and executive functions under Chairman Peter Herrmannsberger.

Name

Philips Gmbh Market Dach

Legal name

Philips Pensionskasse (VVaG)

Website

https://philips-pk.de

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

11–50 employees

Short description

Philips Pensionskasse (VVaG) is a BaFin-regulated mutual pension insurance association providing company retirement, disability, and survivor benefits exclusively to Philips GmbH employees in Germany, managing €930M in assets for ~23,208 members.

Ownership category

akta.pro rank

Product category

Occupational Pension Fund

NAICS

Pension Funds (525110), Pension Funds (52511)

SIC

Life Insurance (6311)

akta.pro primary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

Keywords

• Company pension fund
• Occupational pensions
• Mutual insurance association
• Retirement benefits
• Salary conversion scheme

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Technology or R&D, Marketing or Sales

Revenue model

1. Pension Contributions: Monthly contributions collected from members through salary conversion (Entgeltumwandlung) and employer subsidies. Contribution rates are determined by individual contracts and applicable tax-advantaged limits. In 2024, total contribution income was €14 million.
2. Employer Subsidies: Employers typically provide monthly subsidies to employee pension contracts, representing additional revenue to the fund.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Philips Pensionskasse (VVaG) is a mutual insurance association (Versicherungsverein auf Gegenseitigkeit) providing company pension schemes (betriebliche Altersvorsorge) exclusively to employees of Philips GmbH and affiliated companies. The fund delivers lifelong monthly retirement pensions, disability pensions, and survivor benefits funded through member contributions via salary conversion (Entgeltumwandlung) and employer subsidies, with tax-advantaged treatment under German law.

Product overview

Philips Pensionskasse (VVaG) operates as a company pension fund (betriebliche Altersvorsorge) providing a unified portfolio of pension insurance products centered around the main Philips Pensionskasse (VVaG) scheme. The offering includes multiple insurance tariffs (Tariff 2021 as the active product, plus legacy tariffs 1985, 2002, 2002Z, 2008, 2008Z, 2009AB), a digital Kundenportal for member self-service, and Riester-Rente state-subsidized pension options. The fund delivers lifelong monthly pensions for retirement, disability, and survivor benefits, supported by employer contributions and tax-advantaged salary conversion schemes.

Differentiator

Problem solved

Functional benefit

Products and services

• Philips Pensionskasse (VVaG) - Betriebliche Altersvorsorge

Quantifiable outcome

• Net return on capital investments of 4.4% in 2024
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators7 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• R+V Pensionsversicherung AG: German pension insurer offering company pension schemes and Pensionskassen-style products to a broad corporate client base. Comparable as a regulated German pension provider with similar product offerings, but operates multi-employer rather than single-employer.
• Allianz Lebensversicherungs-AG: Germany's largest life insurer offering a broad portfolio of pension and retirement products, including Pensionskassen-style products. Comparable as a regulated provider of pension benefits but operates at vastly larger scale and serves the open market rather than a single employer.
• Volkswohl Bund Lebensversicherung a.G. German mutual life insurer offering retirement and pension products including company pension solutions. Comparable as a mutual insurance association providing pension benefits under BaFin regulation, though with broader market reach than single-employer Pensionskassen.
• Zurich Pensionskasse Deutschland: German pension fund subsidiary of Zurich Insurance Group providing company pension products to multiple corporate clients. Comparable as a BaFin-regulated Pensionskasse but operates multi-employer rather than restricted to a single parent.
• HDI Pensionskasse AG: German pension fund subsidiary of HDI/Talanx offering company pension products to multiple corporate clients. Comparable as a BaFin-regulated Pensionskasse with similar product offerings but multi-employer market focus rather than single-corporate parent.

Direct peers

• BASF Pensionskasse: Pension fund serving BASF SE employees in Germany, providing company pension benefits under BaFin regulation. Directly comparable as a single-employer Pensionskasse with similar employer-subsidized, tax-advantaged retirement savings structure.
• Versorgungswerk der Bayer AG: Company pension arrangement for Bayer AG employees, structured similarly as a regulated German pension fund. Comparable as a single-employer pension vehicle with BaFin oversight and corporate parent subsidy model.
• Bosch Pensionsfonds AG: Pension vehicle for Bosch Group employees in Germany, regulated by BaFin. Directly comparable as a single-employer corporate pension arrangement with similar benefit structure, employer subsidies, and tax-advantaged salary conversion model.
• Siemens Pensionskasse AG: A German Pensionskasse providing company pension schemes exclusively for Siemens AG employees. Directly comparable as a regulated BaFin-supervised mutual pension fund (VVaG) serving a single corporate parent's workforce with similar old-age, disability, and survivor benefits.

Regional players

• Debeka Krankenversicherungsverein a. G. Large German mutual insurance association (VVaG) offering health, life, and pension products, primarily to public-sector employees in Germany. Comparable as a mutual insurance association structure but with broader product portfolio and different member base than single-corporate Pensionskassen.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/philips-gmbh-market-dach

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Philips Gmbh Market Dach