Asr Nederland N.v. · EURONEXT:ASRNL
Asr Nederland — Investor Day (June 2024)
10 slides from Asr Nederland's investor day presentation, Jun 27, 2024
Slide 1: Pensions break-out presentation
bh, Willem van den Berg (COO Life) ™ Folkert Pama (Director Pensions)
Slide 2: Pension DC inflow, buy-outs and annuity inflow ambitions
Pension DC inflow A leading player in the changing Dutch pension market, well-positioned to capture the opportunities from the market on the back of new pension legislation € 8bn Cumulative | 2024 - 2026 Strong capabilities and full range of products enabling growth in Pension DC and annuities, as w
Slide 3: Our foundation, market & trends
Our foundation Market & trends • Leading player in Dutch market with overall market share1 of 34% • Dutch pension reform entails a shift from DB to DC • Well-known brands servicing the entire pension market • DB pension schemes allowed till 1 January 2028 • Number one position2 in distribution partn
Slide 4: Leading position in distribution partner satisfaction
Leading position • Distribution partner satisfaction at a leading level in distribution (Number one position 2019 – 20231) partner satisfaction • Effectively manage temporary pressure due to integration Employers Participants Care for: • Broad product offering to fully support customer needs in both
Slide 5: Pension product and services overview
DB Accumulation Pay-out Services Pension administration services Pension pillar1 4th a.s.r. Vooruit 3rd • Supports 3.7m participants (including: 13 pension funds and STAP APF) DC Annuities • Growing competitive platform Buy-outs enabling cost effective WnP Fixed Variable implementation of new pensio
Slide 6: Market opportunity in pay-out and accumulation phases
Market1 Opportunity in the pay-out phase DC market development Market share2 Fixed annuities Variable annuities 24% 31% 32% 33% 35% • Expanding market due to demographic aging CAGR: • Ongoing shift to DC accumulation elevates annuity inflow in pay-out • Ongoing growth of the 9.8%3 phase DC market •
Slide 7: Pension buy-outs: market overview, opportunity, financial impact
Market overview Opportunity Financial impact Total market corporate pension funds1 • Corporate pension funds to convert existing • Hurdle rate of 12% in line with our approach for entitlements to new (DC) contract types M&A opportunities AuM (‘invaren’) • Initial investment of on average c. 1.5% # p
Slide 8: PLEXUS: advantages of new open book admin system
Advantages new open book admin system Customer and partner benefits Advisors • Savings on cost per participant of 20% in 2026 • In-dept portfolio insight (compared to 2023) as a result of gaining scale • Supports efficient and convenient quotation • Fully web-based software process • Connectivity th
Slide 9: Balance sheet growth and OCC growth
Balance sheet growth Illustrative projection. Provision growth from a growing DC book and related growth of annuities1 • Projection of provision reflects the expected portfolio composition for the coming years • Capital light DC product AuM will increase as pension reform DC (Capital light) only all
Slide 10: Cautionary note regarding forward-looking statements
Cautionary note regarding forward-looking statements potential (partial) termination of the European currency: the Euro or the European Union; (13) changes in the frequency and severity of insured loss events; (14) catastrophes and terrorist related events; (15) changes affecting mortality and morbi