Report
Cor Kluis

ASR : Good S2 ratio and earnings, Aegon acquisition process going well

>Conclusion: Clear increase S2 ratio, profits good, Aegon process going well - For end-2H22, we expect a.s.r. to show a clear rise of its Solvency 2 ratio to 222% (from 214% end-1H22) which is driven by the equity raise for the Aegon acquisition which added +17pp. We expect an Organic S2 Capital Creation (OCC) of € 200m in 2H22 whereby a positive effect of a lower UFR strain was somewhat more offset by a higher new business growth strain. Also, for 2H22, we expect a.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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