Report
Cor Kluis

ASR : 2H22 OCC and Solvency in line, non life better, higher OCC target 2023

>Conclusion: 2H22 OCC and S2 in line, non life better, higher OCC target 2023 - The 2H22 adjusted OCC capital generation was in line with our expectations. It was positive that a.s.r provided a 10% higher OCC target of c. € 720m for FY23 excl. Aegon NL transaction. The Solvency 2 ratio was with 222% in line with our expectations, and it did not see a reason to update their S2 ratio pro forma for the Aegon NL transaction. The 2H22 operating profit was somewhat better t...
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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