Latest news with #ASRNederland
Reuters
17 hours ago
- Business
- Reuters
ASR Nederland beats first-half forecasts on strong life insurance growth
Aug 20 (Reuters) - ASR Nederland's ( opens new tab organic capital creation grew 9.4% to 721 million euros ($839 million) in the first half of 2025, beating analysts' consensus by 25 million euros, as a Dutch pension reform drove growth in its life insurance business. The reform is driving pension funds to transfer part of their obligations to insurers. In the first half of the year, ASR completed three pension buy-outs for a total of 2.9 billion euros, and it aims to bring the cumulative amount to 8 billion euros by 2027. "Many pension funds are deciding to transfer their obligations to an insurer and then purchase indexation guarantees for their retirees ... This enables us to grow in the pension market, and we're extremely pleased with that," ASR Nederland CEO Jos Baeten told Reuters. Operating earnings in ASR's life insurance division grew 25% on the year, a leading driver for the better than expected results that were supported by broad-based growth across business areas, the company said. It added the results also benefited from the absence of severe weather events, at a time when the global insurance sector faces potentially $150 billion in losses for the year and Southern Europe grapples with devastating wildfires. Baeten said ASR was in talks with the government to prepare for future floods and intense rainfall, echoing concerns raised by the chief executive of Dutch peer NN Group ( opens new tab regarding water-related damages in a country where about 26% of surface area is beneath sea level. The group's Solvency II ratio, which determines capital requirements insurers must hold, stood at 203% as it announced an interim dividend of 1.27 euros per share. Baeten said the solvency ratio was above a comfort zone of between 175% and 200% determined by the insurer. "If we are structurally well above that zone for an extended period and, for example, cannot do much more in pension buy-outs ... we will critically review (our capital allocation policy)," he said. ($1 = 0.8596 euros)
Reuters
20 hours ago
- Business
- Reuters
ASR Nederland beats first-half forecasts on strong life insurance business
Aug 20 (Reuters) - Insurer ASR Nederland ( opens new tab said on Wednesday it realised an organic capital creation of 721 million euros ($839 million) in the first half of 2025, above the 696 million euros analysts it had polled were expecting. "The operating result amounts to 826 million euros, with an operating return on equity of 14.4%, well above our target," CEO Jos Baeten said in a press release. The stronger than expected results were mainly driven by robust performances across all business areas, and most notably in ASR's life insurance division, it said. The company added the results benefited from the absence of severe weather events in the reporting period, as the global insurance sector faces potentially $150 billion in losses for the year and Southern Europe grapples with devastating wildfires. ASR also said it would pay an interim dividend of 1.27 euros per share, 9.5% higher than the interim payout for the first half of 2024. The group's Solvency II ratio, which determines capital requirements insurers must hold, stood at 203%. ($1 = 0.8596 euros)
Wall Street Journal
20 hours ago
- Business
- Wall Street Journal
ASR Nederland Swings to Net Profit Boosted by Strong Growth Across Business
ASR Nederland ASRNL 0.33%increase; green up pointing triangle swung to net profit for the first half-year reflecting strong growth across all its segments. The Dutch insurance group said Wednesday that net profit was 130 million euros, equivalent to $151.4 million, compared with a loss of 70 million euros for the same period a year earlier.
Reuters
20 hours ago
- Business
- Reuters
Insurer ASR Nederland beats expectations for half-year capital generation
Aug 20 (Reuters) - Insurer ASR Nederland ( opens new tab said on Wednesday it realised an organic capital creation of 721 million euros ($839 million) in the first half of 2025, above the 696 million euros analysts it had polled were expecting. "The operating result amounts to 826 million euros, with an operating return on equity of 14.4%, well above our target," CEO Jos Baeten said in a press release. The group's Solvency II ratio, which determines capital requirements insurers must hold, stood at 203%. ($1 = 0.8596 euros)
Yahoo
17-06-2025
- Business
- Yahoo
The Netherlands Associations for Investor Relations (NEVIR) announces the nominees for the 18th Annual Dutch IR Awards
Amsterdam, the Netherlands, June 12, 2025: The Netherlands Association for Investor Relations (NEVIR) is proud to announce the nominations for the 18th Annual Dutch IR nominees are: AEX Company of the Year ASML Holding ASR Nederland Shell AEX IR Professional of the Year Marcel Kemp, ASML Holding Michel Hulters, ASR Nederland Robin van den Broek, NN Group AMX Company of the Year CTP Just Eat Royal Vopak AMX IR Professional of the Year Rutger Relker, Aalberts Maarten Otte, CTP Fatjona Topciu, Royal Vopak AScX Company of the Year Alfen Avantium Wereldhave AScX IR Professional of the Year Aarne Luten, Avantium Floor van Maaren, ForFarmers Inge Laudy, PostNL Best ESG Engagement ASR Nederland Royal Ahold Delhaize Unilever Best Investor Event ASR Nederland Royal Ahold Delhaize Shell Best IR Website AkzoNobel KPN Philips Most Improved Company (IR Programme) Adyen Corbion Exor Young IR Talent Valentina Fantigrossi, ASM International Lennart Scholtus, Heineken Company Thomas Turnock, NN Group The Dutch IR Awards celebrates the achievements of individuals and companies of Dutch stock-listed companies across nine categories; ranging from Best IR professional and Company, to Best Investor Event. The nominations for the Dutch IR Awards are based on European research by Extel and incorporate feedback from global buy and sell-side professionals. The 2025 awards ceremony will be held on Thursday, July 3 in Amsterdam. SPONSORS We would like to extend our gratitude to our 2025 Dutch IR Awards sponsors: Platinum: ABN AMRO and ODDO BHF, CMi2i, Computershare Georgeson, Euronext Corporate Solutions, Ingage, ING Gold: FGS Global, Nasdaq, Notified Silver: S&P Global Market Intelligence, Tangelo Sponsoring through services / products: Extel and NFGD The publication of this press release has been made possible by GlobeNewswire. For media enquiries: Heather Robertson and Jonathan Berger secretariaat@ About the NEVIR: The Netherlands Association for Investor Relations (NEVIR), is the professional representative body and advocacy organisation for all members of Investor Relations teams at Dutch listed companies and consultants in the field of Investor in to access your portfolio
