| Business Summary | | ING
Groep
N.V.
operates
in
more
than
60
countries
worldwide,
and
is
one
of
the
world's
largest
integrated
financial
service
providers,
offering
a
comprehensive
range
of
life
and
non-life
insurance,
commercial
and
investment
banking,
asset
management
and
related
products
and
services.
ING
America
Insurance
Holdings,
Inc.
is
the
primary
holding
company
for
ING
Group's
insurance
interests
in
the
United
States
and
is
a
wholly
owned
subsidiary
of
ING
Group.
In
December
2000,
the
Company
completed
the
acquisition
of
Aetna
Financial
Services
and
Aetna
International,
which
encompass
Aetna
Inc.'s
international
operations
and
all
domestic
defined
contribution
plan
businesses,
annuities
and
mutual
funds,
financial
and
investment
products
and
investment
advisory
services.
With
this
purchase,
ING
is
among
the
top
10
financial
services
providers
in
the
U.S.,
and
through
Aetna's
international
operations
in
South
America
and
the
Asia/Pacific,
among
the
leading
insurance
providers
in
the
world. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ING
Groep
N.V.
is
a
global
financial
institution
of
Dutch
origin
which
is
active
in
the
fields
of
banking,
insurance
and
asset
management
in
some
60
countries.
For
the
three
months
ended
3/31/01,
total
revenues
fell
17%
to
EUR11.4
billion.
Net
income
rose
11%
to
EUR1.13
billion.
Results
reflect
increased
losses
from
investments
of
the
insurance
operations
for
risk
of
policyholders,
offset
by
by
improved
underwriting
results. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
after
tax
earnings
were
1,272. (Preliminary; reported in millions of Euro.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Ewald Kist, 57 | Chairman
of the Exec. Board | Michel Tilmant, 49 | Vice
Chairman of the Exec. Board | Cees Maas, 54 | CFO
and Member of the Exec. Board | Fred Hubbell | Member
of the Exec. Board | Alexander Kan, 52 | Member
of the Exec. Board |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|