Report
Cor Kluis

ASR : Solvency better, OCG in line, non life somewhat less but premium increases

>Conclusion:S2 better, OCG in line, non life somewhat less but premium increases - The Solvency ratio (S2) was better than expected. The 2H23 capital generation was in line and a.s.r. will likely marginally reduce their OCG guidance as the recently announced the bank sale they have to remove from this. The 2H23 non life result were marginally less but they increased the premiums well and more premium increases are to come. It is positive that 52% of their real estate ...
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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