a.s.r. reports strong full-year 2023 results
Jos Baeten, Chairman of the Executive Board and CEO: ‘Today marks the first time that a.s.r. publishes results including the contribution of Aegon Nederland in the second half of 2023. The financial results show strong increases across the various business segments, primarily driven by the addition of the Aegon Nederland activities. Since the successful closing of the transaction with Aegon, the integration and execution runs consistently as planned. Experience to date confirms the strong strategic and financial benefits of the transaction. Whilst executing our integration plan to become the leading insurer in the Netherlands, we remain strongly focused on our customers. a.s.r. remains committed to a sustainable society and a world in which our children and their children can grow up. We do this with the support of our shareholders, the great commitment of our employees and the trust placed in us by our customers and advisers. For that, I am very grateful.’
Operating result increased by € 311 million to € 1,117 million in 2023 (2022: € 805 million).
Operating return on equity amounted to 12.4% (2022: 10.6%).
On 31 December 2023, the Solvency II ratio stood at 176% (31 December 2022: 221%). The direct effect of the inclusion of Aegon Nederland amounted to -31%-points.
Organic capital creation increased by € 285 million to € 938 million (2022: € 653 million), equal to an impact of 14%-points of the Solvency II ratio.
Proposed dividend for full year 2023 increased to € 2.89 per share (2022: € 2.70). The final dividend amounted to € 1.81 per share, taking into account the interim dividend of € 1.08 per share already distributed.
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Rosanne de Boer
Non-life P&C, Individual Life and Funeral, Corporate Governance, Results, Sustainability, Combination a.s.r. and Aegon