ASR Nederland N.V. (ARNNY) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Thank you for joining us today for this call. It's the ASR conference call on the full year 2023 results. On the call with me today are Jos Baten, the CEO, and Ewald Hollegien, our CFO. And Jos will kick it off as customary with the highlights of our financial results. He'll give a brief update on the Aegon transaction and discuss the business performance. After that, Ewa will talk about the developments of our capital and solvency position and our investment portfolio. After that, we'll open up a Q&A. We have ample time planned for this call, but we will stop sharply at 10.30 for you all to have time to tune in to the call of NM. And then finally, as usual, actually, I should say, we have a disclaimer at the back of the presentation. And I would appreciate it if you could take a look at it after this presentation. So having said that, Jos, the floor is yours. Thanks, Michel, and good morning, everybody. As you may understand, 2023 was a special year for us. We closed the transaction with Ego Netherlands in July, and today it's the first time we present the figures of the combined organization. And as we will discuss in a minute, the business has performed quite successfully and we've been able to deliver a very strong set of results, and at the same time maintain a robust balance sheet. Investing in growth pays off. I guess that the transition to IFRS 17, and now including only half a year of Aegon Netherlands, without a 2022 comparable set of numbers, is not making it easier for you to see all the developments. In many cases, the inclusion of the Aegon Netherlands figures explains the majority of the movements. But happy to provide some additional insight into the numbers that we reported. And then reporting on the same day as we...