Report
Cor Kluis

ASR : 1H21 results good, continuing improving disability profits post-Covid

>Conclusion: Improving disability results post-Covid - For end-1H21, we expect a.s.r. to show a small decline of the Solvency 2 ratio to 195% (from 199% end 2020) which only due to the uneconomic equity dampener effect. This S2 ratio is based on the conservative metrics (standard formula, no tier 3 usage, and a low volatility adjuster). We expect an Operational S2 capital generation (OCC) of € 305m in 1H21 due rising interest rates, improving disability results and s...
Underlying
ASR Nederland NV

ASR Nederland NV is a multiline insurance company based in the Netherlands. The Company operates through six segments: Non-Life, comprising non-life insurances, including motor vehicle, fire, travel and leisure, transport, liability, agricultural, construction motorized vehicles and construction all risk and assistance insurance products, among others; Life, offering insurance policies that involve asset-building, asset protection, term life insurance and funeral expenses for consumers and business owners; Banking and Asset Management, providing banking activities and activities related to asset management, including investment property management; Distribution and Services, including the distribution of insurance contracts and intermediary services; Holding and Other, providing primarily holding activities of the Company, as well as Real Estate Development, specialized in the development of real estate properties. The Company operates in the Netherlands and internationally.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Cor Kluis

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