ASR : Strong non-life results, increased TP and we expect a positive CMD in Dec.
>Conclusion: Better 1H21 results and solvency, TP increased to € 50 - The 1H21 operating earnings and OCC capital generation were both better than expected, mostly driven by better results in all three non-life product lines. Based on these better H1 results and their comments on H2, including the expected floods impact, we revised our operating earnings and OCC for FY21 by about +10% well exceeding its > €500m OCC target. We see a positive CMD in December where we ex...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.
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.
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