Solid results and strong commercial performance in the first half of 2023, combination Aegon Nederland on track
Jos Baeten, Chairman of the Executive Board and CEO: ‘We have had a strong first half year. This is reflected in higher sales, a rise in customer satisfaction, high employee engagement and a robust operating result and strong capital creation. While our service to customers continues unabated, we are working hard to successfully combine the businesses of Aegon Nederland and a.s.r. On July 4, we completed the transaction and Aegon Nederland became part of ASR Nederland. The next step is the legal merger of the two entities. This is scheduled for 1 October this year at the earliest. After that, we can start the actual integration of activities. We intend to provide with an update on the progress of the combining of businesses of Aegon Nederland and a.s.r. by the end of 2023.’
- Operating result increased to € 460 million in HY 2023 (HY 2022: € 454 million), reflecting solid contribution from all business segments offsetting increased hybrid debt expenses.
- Operating return on equity amounted to 13.5% (HY 2022: 12.0%).
- Solvency II ratio (standard formula) as of 30 June 2023 was 215% (31 December 2022: 221%). Pro-forma Solvency II ratio after closing of the Aegon Nederland transaction is > 185%.
- Organic capital creation decreased by € 14 million to € 414 million (HY 2022: € 428 million), underlying (excluding the additional hybrid expenses) the OCC showed an improvement.
- Interim dividend over 2023 increased to € 1.08 per share (HY 2022: € 0.98), equal to 40% of the dividend for 2022, which is in line with the dividend policy.
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19 Jul 2024a.s.r. real estate launches renewable energy fundOn 1 July 2024, a.s.r. real estate launched the ASR Dutch Green Energy Fund I. The fund has a current size of approximately EUR 400 million and an ambition to grow to EUR 800 million and invests mainly in solar and wind farms in the Netherlands. The fund also offers the possibility to invest in energy storage in batteries. In this way, a.s.r. real estate wants to contribute to the energy transition.
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27 Jun 2024a.s.r. presents growth strategy and ambitious goals for 2024-2026Today, ASR Nederland N.V. (“a.s.r.”) presents its strategic vision and targets for the 2024-2026 plan period during a Capital Markets Day (CMD) for institutional investors and analysts. The successful acquisition of Aegon Nederland has been a key moment in a.s.r.’s ambition to create a leading insurer in the Netherlands. The new strategy builds on the strong track record of a.s.r. and expresses the confidence management has to capture the opportunities in the Dutch market.
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26 Jun 2024a.s.r. and the trade unions have reached an agreement on a new collective labor agreement (cao)a.s.r. and the trade unions FNV Finance, De Unie, and CNV have reached a negotiation agreement for a new cao, valid from July 1, 2024, until April 1, 2025. Subject to the approval of a majority of the members of the trade unions, a.s.r. will have a new cao effective from July 1st, with a duration of 9 months.