a.s.r. reports strong growth, higher capital creation, and successful progress in the integration of Aegon NL
Jos Baeten, Chairman of the Executive Board and CEO: ‘We are showing strong results for 2024, performing well across all business segments. We have achieved profitable growth in P&C, Disability, Pensions, and Mortgages. Additionally, our organic capital creation and solvency are robust. This demonstrates the effectiveness of our strategy.'
‘Last year we presented our refined strategy for the period 2024-2026. With this we continue to build on a.s.r.'s strong track record. The two pillars of our strategy are seizing the growth opportunities in the Dutch market, and sustainable value creation for our stakeholders, which also provides for an attractive total return for shareholders. With our 2024 results, we are well on track to achieve our ambitious targets.An important part in this is that we are successful in integrating Aegon Nederland's activities. We have made significant progress in 2024. This is mainly due to the dedication of all the colleagues involved. We look forward to 2025 with confidence, as we remain committed to sustainable growth and value creation for all our stakeholders.'
- The operating result increases by € 455 million to € 1,428 million (2023: € 973 million).
- Operating return on equity is 13.1% (2023: 11.6%) and meets the target of >12%.
- Solvency II ratio as of 31 December, 2024, is 198% (2023: 176%).
- Organic capital generation increased by € 319 million to € 1.193 million (2023: € 874 million), equivalent to 19%-point of the Solvency II ratio.
- Proposed dividend for 2024 increased by 8% to € 3.12 per share (2023: € 2.89 per share). The final dividend amounts to € 1.96 per share.
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