a.s.r. delivers strong result for 2021 driven by higher performance in all segments
Chairman of the Executive Board and CEO Jos Baeten: ‘2021 was a good year in which we, together with all our colleagues, delivered a solid performance. We delivered a strong result, achieved our medium-term targets and maintained a consistently positive recognition from customers and intermediaries. a.s.r. will build on the successful strategy of 2019-2021 with new ambitious targets, focused on sustainable long-term value creation for all stakeholders. In implementing our strategy, we adhere closely to a strict financial discipline. Maintaining a strong balance sheet with financial flexibility offers scope for profitable growth.
Operating result increased by 15.4% to € 1,021 million (2020: € 885 million).
Operating return on equity is 16.3%, well above the ‘12-14%’ target.
Solvency II ratio (standard formula) as at 31 December 2021 stands at 196%.
Organic capital creation is € 594 million (2020: € 500 million), exceeding the target of € 500 million.
Proposed dividend for 2021 is € 2.42 per share. Share buyback of € 75 million starting on 24 February 2022.
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Alexander Kuipers
Mortgages, Pensions, Asset Management, Distribution & Services, IT&C and Customer experience & Digital