Asr Nederland N.v. · EURONEXT:ASRNL
Asr Nederland — Shareholder Meeting (May 2024)
59 slides from Asr Nederland's shareholder meeting presentation, May 29, 2024
Slide 1: Annual General Meeting 2024
Annual General Meeting 2024 29 May 2024 de nederlandse verzekerings maatschappij voor alle verzekeringen
Slide 2: Welcome and opening
1 Welcome and opening Joop Wijn Chair of the Supervisory Board AGM ASR Nederland N.V. 29 May 2024 2
Slide 3: Supervisory Board & Management Board
Supervisory Board & Management Board Supervisory Board Joop Wijn Herman Hintzen Sonja Barendregt Gisella • Membervan of theVollenhoven Supervisory Gerard • Member van of theOlphen Supervisory Daniëlle Jansen Heijtmajer Lard Friese Board Board • Chair of the Supervisory • Vice Chairman of the • Membe
Slide 4: For vote
For vote 2d Remuneration report 2023 (advisory vote) 3a Proposal to adopt the financial statements for the 2023 financial year 3c Proposal to pay dividend 4b Proposal to appoint KPMG Accountant N.V. as external auditor for the financial years 2025 up to and including 2029 5a Proposal to grant discha
Slide 5: Announcements
Announcements Order of the meeting Webcast service (Dutch and English) AGM ASR Nederland N.V. 29 May 2024 5
Slide 6: 2a Annual Report 2023 (for discussion)
2a Annual Report 2023 (for discussion) Jos Baeten CEO and Chair of the Executive Board AGM ASR Nederland N.V. 29 May 2024 6
Slide 7: Sustainable value creation for all stakeholders is key to a.s.r.
Sustainable value creation for all stakeholders is key to a.s.r. Customers – Becoming the best financial service provider Employees – Creating a vital and futureproof workforce • Products and services that meet sustainability needs of clients • Reliable employer • Products and services with better t
Slide 8: Strong performance: achieved or outperformed medium-term targets
Strong performance: achieved or outperformed medium-term targets Financial targets Organic capital Premiums received Operating result Solvency II (SF) Operating ROE creation & DC inflow € 1,117m 176% 12.4% € 938m € 8.8bn +39% -45%-pts +1.8%-pts +44% +36% (2022: € 805m) (2022: 221%) (2022 10.6%) (202
Slide 9: Strong performance: achieved or outperformed medium-term targets (non-financial)
Strong performance: achieved or outperformed medium-term targets Non-financial targets Sustainable insurer Sustainable insurer Sustainable employer Sustainable Sustainable investor investor 3 Sustainable investor Net promoter score (NPS-r) Public recognition sustainable insurer Employee engagement t
Slide 10: Non-life segment delivering higher operating result and portfolio growth
Non-life segment delivering higher operating result and portfolio growth Operating result (in €m) Premiums GWP - P&Creceived (in €m) & Disability (in €m) Combined ratio P&C & Disability (in %) P&C Disability +47% +25.7% Health 5,375 -0.9%-p 4,276 1,860 381 1,668 94.4 93.5 1,680 1,487 1,834 259 1,121
Slide 11: Life segment higher operating result driven by insurance service result
Life segment higher operating result driven by insurance service result Operating result (in €m) Operating insurance service result (in €m) Other +16.5% OISR1 +60.9% CSM release Experience variance OIFR2 Release RA Loss on new business 688 274 590 6 45 170 274 193 170 72 108 375 409 119 1 Operating
Slide 12: Results uplift fee-based business includes Aegon mortgage business
Results uplift fee-based business includes Aegon mortgage business Results uplift fee-based business includes Aegon mortgage business Bank segment growth and higher holding interest charges Segment Asset Management Segment Bank Operating result Operating result (in €m) +101.1% (in €m) 78 139 39 n.a.
Slide 13: Dividend proposal 2023
Dividend proposal 2023 € 2.89 DPS € 610m • 7.0% increase compared to 2022 • Total dividend over the year 2023 • Final dividend of € 1.81 per share, amounts € 610 million taking into account the interim • The dividend proposal is consistent dividend of € 1.08 per share with ambition of mid-to-high si
Slide 14: Combination Aegon NL: integration well on-track, key milestones achieved
Combination Aegon NL: integration well on-track, key milestones achieved Key achievements • Integration activities are progressing well in line with developed target operating model • Successfully collaborated with the Works Council to review and implement a multitude of requests for advice • Severa
Slide 15: Key take-aways 2023
Key take-aways 2023 Solid performance in all segments bolstered by the contribution of Aegon NL in second half-year Strong commercial results driven by both organic and inorganic growth Solid SII ratio of 176% absorbed impact Aegon NL transaction. Pro forma ratio including Knab transaction amounts t
Slide 16: 2a Q&A - Annual Report 2023
2a Q&A - Annual Report 2023 AGM ASR Nederland N.V. 29 May 2024 16
Slide 17: 2b Report of the Supervisory Board (for discussion)
2b Report of the Supervisory Board (for discussion) Annual Report 2023 Section 5.2 AGM ASR Nederland N.V. 29 May 2024 17
Slide 18: 2b Q&A - Report of the Supervisory Board
2b Q&A - Report of the Supervisory Board AGM ASR Nederland N.V. 29 May 2024 18
Slide 19: 2c Corporate Governance (for discussion)
2c Corporate Governance (for discussion) Annual Report 2023 Chapter 5 AGM ASR Nederland N.V. 29 May 2024 19
Slide 20: 2d Remuneration report (for advisory vote)
2d Remuneration report (for advisory vote) Gisella van Vollenhoven Chair of the Remuneration Committee AGM ASR Nederland N.V. 29 May 2024 20
Slide 21: 2d Q&A - Remuneration report
2d Q&A - Remuneration report AGM ASR Nederland N.V. 29 May 2024 21
Slide 22: Test voting
Test voting Is tomorrow a Thursday? • For • Against • Abstained AGM ASR Nederland N.V. 29 May 2024 22
Slide 23: 2d Remuneration report (for advisory vote)
2d Remuneration report (for advisory vote) Advisory vote to adopt the 2023 remuneration report AGM ASR Nederland N.V. 29 May 2024 23
Slide 24: Agenda item 2d
Agenda item 2d Remuneration report 2023 For 169,571,055 Against 3,118,374 Abstained 3,523,781 For (NE 93.19% Against | 1.81% @.S.¥. AGMASR Nederland N.V. 29 May 2024
Slide 25: 3 2023 Financial statements & dividend (for vote)
3 2023 Financial statements & dividend (for vote) Sonja Barendregt Chair of the Audit & Risk Committee AGM ASR Nederland N.V. 29 May 2024 25
Slide 26: 3 2023 Financial statements & dividend (for vote)
3 2023 Financial statements & dividend (for vote) AGM ASR Nederland N.V. 29 May 2024 26
Slide 27: 3 2023 Financial statements & dividend (for vote)
3 2023 Financial statements & dividend (for vote) Ton Reijns Partner at KPMG AGM ASR Nederland N.V. 29 May 2024 27
Slide 28: AGM ASR Nederland N.V. 29 May 2024
AGM ASR Nederland N.V. 29 May 2024 28
Slide 29: AGM ASR Nederland N.V. 29 May 2024
AGM ASR Nederland N.V. 29 May 2024 29
Slide 30: 3a 2023 Financial statements & dividend (for vote)
3a 2023 Financial statements & dividend (for vote) Proposal to adopt the financial statements for the financial year 2023 (for vote) AGM ASR Nederland N.V. 29 May 2024 30
Slide 31: Agenda item 3a
Agenda item 3a Proposal to adopt the financial statements for the 2023 financial year For 176,015,883 Against 39,507 Abstained 157,759 For [i 99.98% Against | 0.02% @.S.¥. AGMASR Nederland N.V. 29 May 2024
Slide 32: 3b and 3c 2023 Financial statements & dividend (for vote)
3b and 3c 2023 Financial statements & dividend (for vote) 3b Explanatory notes on the reserve and dividend policy (for discussion) 3c Proposal to pay dividend (for vote) AGM ASR Nederland N.V. 29 May 2024 32
Slide 33: Agenda item 3c
Agenda item 3c Proposal to pay dividend For 176,211,813 Against 312 Abstained 1,090 For [i 100.00% Against | 0.00% @.S.¥. AGMASR Nederland N.V. 29 May 2024
Slide 34: 4 Appointment of external auditor (for vote)
4 Appointment of external auditor (for vote) 4a Explanation of the nomination (for discussion) 4b Proposal to appoint KPMG Accountant N.V. as external auditor for the financial years 2025 up to and including 2029 (for vote) AGM ASR Nederland N.V. 29 May 2024 34
Slide 35: Agenda item 4b
Agenda item 4b Proposal to appoint KPMG Accountant N.V. as external auditor for the financial years 2025 up to and including 2029 For 174,405,006 Against 72,847 Abstained 1,735,362 For [I 99.96% Against | 0.04% @.S.¥. AGMASR Nederland N.V. 29 May 2024
Slide 36: 5a Discharge Executive Board (for vote)
5a Discharge Executive Board (for vote) Proposal to grant discharge to the members of the Executive Board for the 2023 financial year (for vote) AGM ASR Nederland N.V. 29 May 2024 36
Slide 37: Agenda item 5a
Agenda item 5a Proposal to grant discharge to the members of the Executive Board for the 2023 financial year For 173,730,080 Against 2,292,968 Abstained 190,187 For (i 98.70% Against | 1.30% @.S.¥. AGMASR Nederland N.V. 29 May 2024
Slide 38: 5b Discharge Supervisory Board (for vote)
5b Discharge Supervisory Board (for vote) Proposal to grant discharge to the members of the Supervisory Board for the 2023 financial year (for vote) AGM ASR Nederland N.V. 29 May 2024 38
Slide 39: Agenda item 5b
Agenda item 5b Proposal to grant discharge to the members of the Supervisory Board for the 2023 financial year For 173,865,158 Against 2,157,890 Abstained 190,187 For (I 98.77% Against | 1.23% @.S.¥. AGMASR Nederland N.V. 29 May 2024
Slide 40: 6 Extension of the authorities of the Executive Board (for vote)
6 Extension of the authorities of the Executive Board (for vote) AGM ASR Nederland N.V. 29 May 2024 40
Slide 41: 6a Extension of the authorities of the Executive Board (for vote)
6a Extension of the authorities of the Executive Board (for vote) Proposal to extend the authorisation of the Executive Board to issue ordinary shares and/or grant the right to subscribe for ordinary shares • For a period of 18 months • Subject to approval of the Supervisory Board • Up to a maximum
Slide 42: 6a Extension of the authorities of the Executive Board (for vote)
6a Extension of the authorities of the Executive Board (for vote) Proposal to extend the authorisation of the Executive Board to issue ordinary shares and/or grant the right to subscribe for ordinary shares AGM ASR Nederland N.V. 29 May 2024 42
Slide 43: Agenda item 6a
Agenda item 6a Proposal to extend the authorisation of the Executive Board to issue ordinary shares and/or to grant rights to subscribe for ordinary shares For 175,910,029 Against 300,462 Abstained 2,744 For (i 99.83% Against | 0.17% @.S.¥F. AGMASR Nederland N.V. 29 May 2024
Slide 44: 6b Extension of the authorities of the Executive Board (for vote)
6b Extension of the authorities of the Executive Board (for vote) Proposal to extend the authorisation of the Executive Board to restrict or exclude statutory pre-emption rights • In connection with the issue authorisation granted under agenda item 6a • For a period of 18 months • Subject to approva
Slide 45: 6b Extension of the authorities of the Executive Board (for vote)
6b Extension of the authorities of the Executive Board (for vote) Proposal to extend the authorisation of the Executive Board to restrict or exclude statutory pre-emption rights AGM ASR Nederland N.V. 29 May 2024 45
Slide 46: Agenda item 6b
Agenda item 6b Proposal to extend the authorisation of the Executive Board to restrict or exclude statutory pre- emptive rights For 174,146,234 Against 2,063,773 Abstained 3,228 For (I 98.83% Against | 1.17% @.S.¥F. AGMASR Nederland N.V. 29 May 2024
Slide 47: 6c Extension of the authorities of the Executive Board (for vote)
6c Extension of the authorities of the Executive Board (for vote) Proposal to authorise the Executive Board to acquire the company’s own shares • For a period of 18 months • Subject to approval of the Supervisory Board • Up to a maximum of 10% of the share capital • At a price between the nominal sh
Slide 48: 6c Extension of the authorities of the Executive Board (for vote)
6c Extension of the authorities of the Executive Board (for vote) Proposal to authorise the Executive Board to acquire the company’s own shares AGM ASR Nederland N.V. 29 May 2024 48
Slide 49: Agenda item 6c
Agenda item 6c Proposal to authorise the Executive Board to acquire the company’s own shares For 174,342,792 Against 1,767,521 Abstained 102,922 For [i 99.00% Against | 1.00% @.S.¥. AGMASR Nederland N.V. 29 May 2024
Slide 50: 7 Composition of the Supervisory Board (for vote)
7 Composition of the Supervisory Board (for vote) AGM ASR Nederland N.V. 29 May 2024 50
Slide 51: 7a Composition of the Supervisory Board (for discussion)
7a Composition of the Supervisory Board (for discussion) Resignation of Herman Hintzen as member of the Supervisory Board AGM ASR Nederland N.V. 29 May 2024 51
Slide 52: 7b Composition of the Supervisory Board (for discussion/vote)
7b Composition of the Supervisory Board (for discussion/vote) Opportunity for the General Meeting to make recommendations to the Supervisory Board AGM ASR Nederland N.V. 29 May 2024 52
Slide 53: 7c Composition of the Supervisory Board (for discussion)
7c Composition of the Supervisory Board (for discussion) Announcement of the nomination by the Supervisory Board to appoint Bob Elfring as member of the Supervisory Board AGM ASR Nederland N.V. 29 May 2024 53
Slide 54: 7d Composition of the Supervisory Board (for vote)
7d Composition of the Supervisory Board (for vote) Proposal to appoint Bob Elfring as member of the Supervisory Board AGM ASR Nederland N.V. 29 May 2024 54
Slide 55: Agenda item 7d
Agenda item 7d Proposal to appoint Bob Elfring as member of the Supervisory Board For 175,674,550 Against 4,865 Abstained 531,900 For [i 100.00% Against | 0.00% @.S.¥F. AGMASR Nederland N.V. 29 May 2024
Slide 56: 7e Composition of the Supervisory Board (for vote)
7e Composition of the Supervisory Board (for vote) Proposal to reappoint Joop Wijn as member and chair of the Supervisory Board AGM ASR Nederland N.V. 29 May 2024 56
Slide 57: Agenda item 7e
Agenda item 7e Proposal to reappoint Joop Wijn as member and chair of the Supervisory Board For 172,374,928 Against 3,307,635 Abstained 530,652 For [i 93.12% Against | 1.88% @.S.¥F. AGMASR Nederland N.V. 29 May 2024
Slide 58: 8 Questions
8 Questions AGM ASR Nederland N.V. 29 May 2024 58
Slide 59: Annual General Meeting 2024
Annual General Meeting 2024 29 May 2024 de nederlandse verzekerings maatschappij voor alle verzekeringen