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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28 Sep 2023a.s.r. goes to Supreme Court on ruling in collective proceeding on three Aegon Nederland productsa.s.r. is appealing to the Dutch Supreme Court following the ruling of the Court of Appeal of The Hague, in a case concerning Vermogensplan, Koersplan and Fundplan, three investment insurance products offered by Aegon Nederland.
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27 Sep 2023Court of Appeal ruling Wealth plan, Koersplan and FundplanOn September 26, 2023, the Court of Appeal of The Hague ruled in the case of Vereniging Woekerpolis.nl regarding three unit-linked investment policies sold by Aegon Nederland up to and including 2004
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25 Sep 2023Ardanta Uitvaartverzekeringen will continue under the a.s.r. namea.s.r. is bidding farewell to the Ardanta brand name. From 25 September 2023, the funeral insurance services will be offered under the a.s.r. name. With this step, a.s.r. aims to reduce the number of brand names and further strengthen the a.s.r. brand. This was already done with the Ditzo and Europeesche Verzekeringen labels earlier this year.