Report
Cor Kluis

ASR : Marginally better results, cash return & SBB in line, 2021 target maintained

>Conclusion: - The Solvency and the 2H20 Solvency 2 OCC capital generation were both somewhat better than expected. The capital return with the EUR 75m SBB was expected, and the dividend was a touch higher. It is good that a.s.r. is keeping its EUR 500m OCC target for 2021 although it is somewhat challenging to reach it. In total a.s.r. presented a solid set of figures, we keep our Outperform.Solvency and OCC capital generation both marginally better - §se...
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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