a.s.r. achieves a good operating result and higher customer satisfaction over first six months of 2020
Jos Baeten, CEO: ‘I am satisfied with a.s.r.’s results for the first six months of 2020. Our operating result is only € 18 million lower than the record operating result of the first half of 2019, our solvency increased to 199% and our organic capital creation remained strong at € 298 million. The impact of COVID-19 on this has been limited so far.’
Operating result is € 446 million, slightly down compared to the exceptionally strong performance last year (HY 2019: € 464 million), reflecting an increase in Holding cost, which includes higher interest expense.
Impact of COVID-19 is neutral on aggregate; a favourable effect on P&C was mostly offset by a negative effect on Disability and to a lesser extent on Life.
Operating return on equity is 14.8%, above the ’12-14%’ target.
Solvency II ratio (standard formula) as at 30 June 2020 stands at 199%.
Share this via
Rosanne de Boer
Non-life P&C, Individual Life and Funeral, Corporate Governance, Results, Sustainability, Combination a.s.r. and Aegon