Asr Nederland N.v. · EURONEXT:ASRNL
Asr Nederland — Bernstein Strategic Decisions Conference 2018
13 slides from Asr Nederland's conference presentation, Sep 26, 2018
Slide 1: Focus on value over volume
Focus on value over volume Jos Baeten, CEO London, 26 September 2018 Bernstein Strategic Decisions Conference
Slide 2: a.s.r. at a glance
a.s.r. at a glance Business mix by GWP (EUR billion) 3,500 #3 36% Employees(fte) €4,0 bn Leading market 2017 positions and Multi-brand 64% Founded in strong #3 and multi- 1720; deeply rooted in Dutch overall channel distribution; Non-life +40 society focus on Life Net Promotor Score intermediaries v
Slide 3: Strategy to create value for customer and shareholder
Strategy to create value for customer and shareholder Meeting customers’ needs Stable cash flows and value generating businesses Excellence in pricing, underwriting and claims handling Our principles drive value in our business portfolio Robust and predictable back books Cost effectiveness Business
Slide 4: Optimal and balanced business mix
Optimal and balanced business mix High Stable cash flows and value Business enhancement generating businesses opportunities Long term growth aprospects Pension DC, Disability Funeral P&C Health a.s.r. bank IORP, APF Distribution Fiduciary & 3rd party & services asset management Robust and predictabl
Slide 5: Generating attractive capital returns to shareholders
Generating attractive capital returns to shareholders Dividends • Ambition to offer a growing dividend per share Dividend per share (EUR) • Payout 45-55% of net operating result after cost of hybrids 1,63 • Interim dividend introduced in 2018, 40% of prior year’s 1,13 1,27 +28.3% dividend 0,93 0,65
Slide 6: Solvency ratio movement in H1 2018
Solvency ratio movement in H1 2018 OCC: 5% / € 179m • Strong organic capital creation of 5%-pts SII (€ 196% -9% 187% 3% 3% -1% 4% 197% -3% 194% 179m), which absorbed the January storm. GNL contributed € 7m to organic capital creation 60 • Impact of the acquisition of GNL represents the EOF 118 adjus
Slide 7: Strong balance sheet with ample financial flexibility
Strong balance sheet with ample financial flexibility Solvency II composition Financial flexibility Financial leverage (in %-pts) 194% Tier 3 (EUR million) (in %) Tier 2 845 749 25.3% 25.4% 29% 6,935 14% Restricted tier 1 1,541 Unrestricted tier 1 151% Hybrids 5,394 Unrestricted T1 H1 2018 EOF T1 He
Slide 8: Robust Solvency II and benign risk profile
Robust Solvency II and benign risk profile 11 10 10 5 2 3 0 194% -1 -1 -2 -4 -5 -6 Optimal range -9 -8 -8 -11 -10 -10 -10 -13 VA -10 bps Sovereign Corporate credit Interest +100 bps Interest -100 bps Equities -20% Real Estate -10% >160%: entrepreneurial level spread +50 bps spread +75bps >140% cash
Slide 9: Strong 1H18 – delivering on ambitious targets
Strong 1H18 – delivering on ambitious targets Solvency II Financial flexibility Financial leverage (SF) (EUR million) (in %) 194%* 14.7% Single A >160% Up to 12% Single A medium-term target medium-term target medium-term target Combined ratio Non-life Operating expenses Financial leverage (EUR milli
Slide 10: a.s.fr.
a.s.fr. de nederlandse verzekerings maatschappij voor alle verzekeringen 10
Slide 11: Disclaimer
Disclaimer Cautionary note regarding forward-looking statements laws or regulations and/or changes in the interpretation thereof, including without limitation Solvency II, IFRS and taxes; (17) changes in the policies of governments and/or regulatory or The terms of this disclaimer ('Disclaimer') app
Slide 12: IR contact details
IR contact details Email: ir@asr.nl Tel: +31 30 257 8600 Michel Hülters, Barth Scholten & Vincent Uriot 12
Slide 13: de nederlandse verzekeringsmaatschappij voor alle verzekeringen
de nederlandse verzekerings maatschappij voor alle verzekeringen
a.s.r. (ASR Nederland N.V.) — Bernstein Strategic Decisions Conference 2018 on 6ix