Asr Nederland N.v. · EURONEXT:ASRNL
Asr Nederland — 9M 2016 Earnings Presentation
12 slides from Asr Nederland's earnings presentation, Nov 18, 2016
Slide 1: 9M 2016 Trading Update
9M 2016 Trading Update Solid results driven by disciplined execution Chris Figee (CFO) 18 November 2016
Slide 2: Solid results driven by disciplined execution
Solid results driven by disciplined execution Gross written premiums Operating expenses • Gross written premiums up 8.2% to € 3,518 million • Operating expenses associated with ordinary activities up 5.8% to € 3,518m € 401m € 401 million, reflecting the additional cost base of the acquired 8% 6% com
Slide 3: Business update
Business update All combined ratios are better then target* and market average a.s.r.’s performance is in line with or better than financial targets Progress in developing fee-based, capitalized earnings stream • General pension fund, Het nederlandse pensioenfonds, initiated by a.s.r., obtained its
Slide 4: GWP in both Non-life and Life increased due to acquisitions and new contracts
GWP in both Non-life and Life increased due to acquisitions and new contracts • Growth in premiums up in 9M 2016 mainly related Gross written premiums to the P&C business and to Disability in Non-life and to the inclusion of acquired companies in Life (€ million) 3,518 3,251 • Gross written premiums
Slide 5: Operating expenses associated with ordinary activities up due to acquired businesses
Operating expenses associated with ordinary activities up due to acquired businesses Operating expenses associated with ordinary activities * • Operating expenses associated with ordinary (excluding the provision for restructuring expenses) activities were up 6% to € 401 million compared to 9M 2015
Slide 6: Continued strong operating result
Continued strong operating result (€ million) Non-life 99 144 Life 400 365 Banking and Asset Management 2 10 Distribution and Services 12 5 Holding and Other * -71 -81 Total 442 443 9M 2016 9M 2015 * Including eliminations 6
Slide 7: GWP in Non-life increased while combined ratio remained at a strong level of 95.7%
GWP in Non-life increased while combined ratio remained at a strong level of 95.7% All combined ratios are better then target* and market average All combined ratios are below 100% Operating result (€m) Gross written premiums (€m) • Operating result remains at a strong level, despite the impact 1,86
Slide 8: Life segment: increase in operating result and GWP
Life segment: increase in operating result and GWP Operating result (€m) • Increase in operating result is mainly driven by the 365 400 acquisitions and higher contribution from realized capital gains reserve • The increase in GWP is a result of the acquisitions within Funeral and Pensions and a lar
Slide 9: Solid Solvency II ratio per 30 September 2016
Solid Solvency II ratio per 30 September 2016 c. 188% • Solvency II ratio, based on the standard formula, increased to circa 188% (day-one 2016: 180%), mainly due to organic capital generation, lower interest rates and mass lapse reinsurance absorbing headwind of the (€ million) 6,278 decrease of th
Slide 10: Solid results driven by disciplined execution
Solid results driven by disciplined execution Gross written premiums Operating expenses • Gross written premiums up 8.2% to € 3,518 million • Operating expenses associated with ordinary activities up 5.8% to € 3,518m € 401m € 401 million, reflecting the additional cost base of the acquired 8% 6% com
Slide 11: 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 11
Slide 12: Disclaimer
Disclaimer The terms of this disclaimer ('Disclaimer') apply to this document of ASR Nederland N.V. and changes in conclusions with regard to accounting assumptions and methodologies; (20) all ASR Nederland N.V.’s legal vehicles and businesses operating in the Netherlands ('ASR adverse developments