ASR : Solid 1H24 results and healthy non-life results
>Conclusion: Solid 1H24 results and healthy non-life results - We expect a.s.r. to present that its Solvency 2 (S2) ratio rose to 180% (being 193% pro forma for bank sale) by end 1H24. For the Organic Capital Creation (OCC) we expect € 643m in 1H24. Operationally the non-life results are likely to be healthy with a combined ratio (COR) of 91.5% for P&C and disability. In our recent a.s.r. note (20 pages) ‘CMD shows back to life growth, buy-out confidence, good excess ...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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