Asr Nederland N.v. · EURONEXT:ASRNL
Asr Nederland — 9M 2017 Earnings Presentation
12 slides from Asr Nederland's earnings presentation, Nov 29, 2017
Slide 1: Solid results in 9M 2017
Solid results in 9M 2017 Chris Figee (CFO) 9M 2017 Trading Update 29 November 2017
Slide 2: Solid financial performance driven by strong business results in 9M 2017
Solid financial performance driven by strong business results in 9M 2017 Operating result Operating ROE Financial results driven by strong operating performance • Operating result up 23.6% to € 550m, mainly due to improved combined ratio in Non-life and higher results in Life driven by € 550m 16.4%
Slide 3: Increased quarterly operating result reflects solid businesses
Increased quarterly operating result reflects solid businesses Operating result (in € mln) • Operating result up 23.6% for 9M 2017 • Q3 2017 is up 13% compared to Q3 2016 445 +23.6% 550 • Quarterly operating result in the first three quarters in 2017 considerably higher than 191 194 the comparable q
Slide 4: All segments drive strong increase in operating result
All segments drive strong increase in operating result Operating result (€ mln) • Non-life segment: operating result up significantly (+ € 42m), reflecting higher 9M 2017 Δ 9M 2016 premium income in all product lines, disciplined underwriting and a low level of Non-life 141 42 claims in H1. Combined
Slide 5: GWP up 3% excluding one-offs in 2016
GWP up 3% excluding one-offs in 2016 Gross written premiums (€ mln) • GWP decreased 12% to € 3,096m in 9M 2017 3,518 * 3,096 * • Lower GWP reflects high single premiums in One off single premium Life 518 2016 related to acquisition of NIVO and a (NIVO / large contract) +3% large single premium contr
Slide 6: Non-life segment: combined ratio remains strong
Non-life segment: combined ratio remains strong Combined ratio below 100% for all Non-life product lines Operating result (€ mln) Gross written premiums (€ mln) • Operating result up 42.4% to € 141m in 9M +42.4% +5.3% 2017, reflecting particularly strong results in 141 2,043 H1 and a stable Q3 1,940
Slide 7: Life performance: driven by investment margin
Life performance: driven by investment margin Operating result (€ mln) New business (APE) (€ mln) +15.3% 89 • Operating result of the Life segment up 466 15.3% to € 466m 404 59 NIVO (single premium) 32 17 Technical result 74 • Investment margin up € 85m due to Result on costs 25 Single premiums 18 m
Slide 8: Solid Solvency II-ratio at 30 September 2017
Solid Solvency II-ratio at 30 September 2017 Solvency II* (€ mln) • Solvency II-ratio* (standard formula), remains robust at 193% (30/6: 194%) 6,787 • Organic capital creation (+3%-p), market and other developments (+1%-p), impact of lower VA (-2%-p) and deployed for repurchase of own shares (-3%-p)
Slide 9: Solid financial performance driven by strong business results in 9M 2017
Solid financial performance driven by strong business results in 9M 2017 Operating result Operating ROE Financial results driven by strong operating performance • Operating result up 23.6% to € 550m, mainly due to improved combined ratio in Non-life and higher results in Life driven by € 550m 16.4%
Slide 10: Contact details
Contact details Investor Relations ir@asr.nl Michel Hülters T +31 (0)6 15 49 95 69 Barth Scholten T +31 (0)6 30 44 15 71 Vincent Uriot T +31 (0)6 10 44 82 34 10
Slide 11: Well-diversified and robust investment portfolio
Well-diversified and robust investment portfolio Assets (€ billion, fair value) * 31 Dec. 2016 30 Sept. 2017 Delta • Rise in interest rates impact fair value of fixed-income securities Fixed income 26.0 23.6 -2.4 • Re-allocation of market risk budget to Equities 2.2 2.5 0.3 equities, mortgages and o
Slide 12: Disclaimer
Disclaimer Cautionary note regarding forward-looking statements of governments and/or regulatory- or supervisory authorities; (18) changes in ownership that could affect the future availability of net operating loss, net capital and built-in loss; (19) The terms of this disclaimer ('Disclaimer') app