Report
Cor Kluis

ASR : Good Solvency, they are ready, CMD June to give more confidence

>Conclusion: Good Solvency, they are ready, CMD June to give more confidence - The Solvency position is quite strong at a 215% S2 ratio pro forma, making it ready for a potential SBB. a.s.r. expects an OCG of about € 1.1bn in 2024, growing to circa € 1.2bn in 2025, and potentially growing to € 1.3bn in 2026/2027, not higher than this. The capital return policy will be updated at their CMD on 27 June resulting in an expected circa € 175m recurring SBB’s going forward. ...
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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