Repurchase of own shares
a.s.r. regularly repurchases its own shares as part of its capital management policy, aiming to optimize the capital structure and enhance shareholder value.
Share repurchases take place through three main forms:
- Share buyback programme
- Incidental buybacks including the participation in sell down by Aegon Ltd.
- Employee share plan
Share Buyback Programme
a.s.r. aims to offer its shareholders an attractive total capital return comprising of progressive dividends, supplemented by share buybacks. On 27 June 2024, a.s.r. announced a share buyback (SBB) programme of € 525 million spread over the 3-year plan period. The SBB programme is progressive and divided into amounts of € 125 million, € 175 million and € 225 million to be executed in respectively 2025, 2026 and 2027. The (progress of) execution of the programme is presented below. All repurchased shares will be cancelled.
Share buy back programme 2026 - completed May 2026
On 18 February 2026, ASR Nederland N.V. (a.s.r.) announced the launch of a share buyback programme of € 175 million. This programme, in line with the announcement made during the Capital Markets Day 2024, was successfully completed on 19 May 2026.
The execution of the € 175 million programme was combined with the repurchase of shares in the amount of € 15 million for the management and employee share plan. In total, € 190 million worth of shares have been repurchased.
The share buy-back was carried out within the authorisation granted by the General Meeting of Shareholders of a.s.r. to the Executive Board on 21 May 2025. The execution of the programme was handled by an independent broker appointed by a.s.r.
Download the share buyback transaction Excel file for detailed transaction information.
Share buyback programme 2025 - completed May 2025
On 19 February 2025, ASR Nederland N.V. (a.s.r.) announced a share buyback programme of € 125 million. This share buyback programme was completed on 6 May 2025.
In total, 2,403,923 shares of a.s.r. have been repurchased at an average price of € 52.00 per share. At 7 May 2025 there are 211,326,978 shares issued of which 4,699,914 shares are held in treasury by a.s.r. An independent broker, appointed by a.s.r., carried out the repurchase.
The repurchase of own shares falls within the scope of the authorisation granted to the Executive Board by the General Meeting of Shareholders of a.s.r. on 29 May 2024. a.s.r. will seek approval from the General Meeting of Shareholders in 2026 to cancel the repurchased shares.
Download the share buyback transaction Excel file for detailed transaction information.
Share buyback programme 2022 - completed May 2022
On 23 February 2022, ASR Nederland N.V. (a.s.r.) announced a share buyback programme for the amount of € 75 million.
The repurchase period of own shares started on 24 February 2022 and was completed on 24 May 2022. This repurchase of shares is within the authorisation of the General Meeting of Shareholders of a.s.r. granted to the Executive Board on 19 May 2021.
a.s.r. has appointed an independent broker to carry out the purchase. a.s.r. reports on the progress of the repurchase programme on this website, in accordance with the European Market Abuse Regulation (MAR, No. 596/2014/EU).
The progress of the purchases will be announced weekly on this webpage. Download the repurchase transaction Excel file for detailed transaction information.
Share buyback programme 2021 - completed May 2021
ASR Nederland N.V. (a.s.r.) has completed the share buyback program, which was announced on February 18, 2021.
The share buy-back program, for an amount of € 75 million, started on February 19, 2021 and was completed on May 4, 2021. The repurchase of own shares falls within a.s.r.'s General Meeting of Shareholders mandate granted to the Executive Board on 20 May 2020.
a.s.r. appointed an independent broker to execute the repurchasing. a.s.r. reported on the progress of the repurchase programmes of own shares on this website in compliance with the European Market Abuse Regulation (MAR, No. 596/2014/EU).
Download the share repurchase transaction Excel-file for detailed transaction information.
Share buyback programme 2020 - completed October 2020
On 19 February 2020, ASR Nederland N.V. (a.s.r.) announced the repurchase of own shares for an amount of € 75 million.
The period of repurchase of own shares started on 20 February 2020 and ended on 2 October 2020. The repurchase of own shares falls within a.s.r.'s General Meeting of Shareholders' mandate granted to the Executive Board on 22 May 2019.
a.s.r. has appointed an independent broker for the execution of the repurchasing. a.s.r. has reported on the progress of the repurchase programmes of own shares on this website in compliance with the European Market Abuse Regulation (MAR, No. 596/2014/EU).
Download the share repurchase transactions (1) Excel-file (2) Excel-file for detailed transaction information.
Incidental buybacks including the participation in sell down by Aegon Ltd.
a.s.r. may at any point in time initiate a share buyback if deemed appropriate. For example, a.s.r. announced and executed a share buyback for an amount of € 100 million in Q4 2024, after the sale of Knab. Additionally, a.s.r. may also repurchase its own shares as part of an Aegon Ltd.’s sell-down to facilitate successful market placements. All repurchased shares will be cancelled.
Participation September 2025 (Press Release)
Share buyback programme 2024 - completed December 2024
On 7 November 2024, ASR Nederland N.V. (a.s.r.) announced a share buyback program of €100 million in own shares following the successful completion of the sale of Knab to BAWAG. The buyback program was completed on December 11, 2024.
In total there are 2.213.413 shares of a.s.r. repurchased at an average price of €45.18 per share. An independent broker, appointed by a.s.r., carried out the repurchase.
The repurchase of own shares falls within the scope of the authorisation granted to the Board of Directors by the General Meeting of Shareholders of a.s.r. on 29 May 2024. a.s.r. will seek approval from the General Meeting of Shareholders on 21 May 2025 to cancel the repurchased shares.
Download the repurchase transaction Excel file for detailed information.
Employee Share Plan
a.s.r. repurchases its own shares to supply the shares that employees may purchase in the employee share plan as well as the provision of shares as part of the remuneration of the Executive Board.
Employee Share Plan 2026 - completed May 2026
a.s.r. repurchased its own shares for an amount of € 15 million during the period from 18 February 2026 up to and including 19 May 2026.
The execution of the share buyback programme for employees was combined with the share buyback of € 175 million under the share buyback programme, resulting in a total repurchase amount of € 190 million.
The repurchase of shares falls within the authorization of 10% of the issued share capital granted to the Executive Board by the General Meeting of Shareholders on 21 May 2025. An independent broker was appointed by a.s.r. to carry out the repurchase.
An overview of the repurchased shares was published weekly on the corporate website under “Share Buyback 2026” (above).
Employee share plan 2025 - completed July 2025
a.s.r. repurchased 300,000 own shares in the period from 16 June 2025 up to and including 16 July 2025. The number of shares repurchased falls within the authorisation granted to the Executive Board by the General Meeting of Shareholders of a.s.r. on 21 May 2025. The number of repurchased shares represented a cash amount of approximately € 16 million.
An independent broker was appointed to execute the repurchase program. The exact timing was determined by the broker, independently and without the intervention of a.s.r.
a.s.r. reported on the progress of the repuchase programme on this website, in accordance with the European Market Abuse Regulation (MAR, No. 596/2014/EU). Download the repurchase transaction Excel file for detailed transaction information.
Employee share plan 2024 - completed February 2024
On 22 January 2024, ASR Nederland N.V. (a.s.r.) announced its share buyback programme for the amount of 300,000 shares. The repurchase was completed on February 7, 2024. Read the press release for more information.
a.s.r. repurchased its own shares in the period from 22 January 2024 through 7 February 2024 for approximately € 13 million. The share buyback programme is within the authorisation of the general meeting of shareholders of a.s.r. granted to the Executive Board on 31 May 2023.
An independent broker was appointed to implement the repurchase programme. The exact timing was determined by the broker, independently and without interference from a.s.r.
Download the repurchase transation Excel file for detailed transaction information.
Employee share plan 2023 - completed January 2023
On 18 January 2023, ASR Nederland N.V. (a.s.r.) announced a share buyback programme for the amount of € 10 million. The repurchase was completed on 31 January 2023. Read more in the press release.
a.s.r. repurchased its own shares in the period from 18 January 2023 through 31 January 2023 at the latest up to a maximum amount of € 10 million. The number of shares repurchased is within the authorisation of the general meeting of shareholders of a.s.r. granted to the Executive Board on 25 May 2022.
An independent broker was appointed to implement the repurchase programme. The exact timing was determined by the broker, independently and without interference from a.s.r.
a.s.r. reports on the progress of the repuchase programme on this website, in accordance with the European Market Abuse Regulation (MAR, No. 596/2014/EU). Download the repurchase transaction Excel file for detailed transaction information.
Employee share plan 2021 - completed Januari 2021
On 15 January 2021, ASR Nederland N.V. (a.s.r.) announced the repurchasing programme for the share option plan for a.s.r. employees and its wholly-owned subsidiaries for an amount of € 7.5 million. The period of repurchase of own shares started on 18 January 2021 and ended on 28 January 2021.
a.s.r. appointed an independent broker for the execution of the repurchasing. a.s.r. reported on the progress of the repurchase programmes of own shares on this website in compliance with the European Market Abuse Regulation (MAR, No. 596/2014/EU).
Download the share repurchase transaction Excel-file for detailed transaction information.
Employee share plan 2019 - completed July 2019
On 16 July 2019, ASR Nederland N.V. (a.s.r.) announced the repurchasing programme for the share option plan for a.s.r. employees and its wholly-owned subsidiaries for an amount of € 12.5 million.The period of repurchase of own shares started on 17 July 2019 and ended on 25 July 2019.
a.s.r. appointed an independent broker for the execution of the repurchasing. a.s.r. reported on the progress of the repurchase programmes of own shares on this website in compliance with the European Market Abuse Regulation (MAR, No. 596/2014/EU).
Download the share repurchase transaction Excel-file for detailed transaction information.