Brief: ASR Nederland Sees Organic Capital Creation Of EUR 1.35 Bln In 2026

ASR Nederland NV

27/06/2024 06:11

June 27 (Reuters) - ASR Nederland NV  ASRNL.AS :
    * PRESENTS GROWTH STRATEGY AND AMBITIOUS GOALS FOR 2024-2026
    * OUTLOOK 2024-2026: SOLVENCY II RATIO SAFELY ABOVE 160
    * OUTLOOK 2024-2026: OPERATING RETURN ON EQUITY EXCEEDING
12%
    * SEES ORGANIC CAPITAL CREATION ("OCC") OF EUR 1.35 BILLION
IN
2026
    * RUN-RATE COST SYNERGIES OF EUR 215 MILLION IN 2026
    * EXPECTS FOR 2024-2026: FEE-BASED BUSINESS OPERATING RESULT
TO
AMOUNT TO EUR 140 MILLION IN 2026
    * TOTAL CAPITAL RETURN CONSISTS OF PROGRESSIVE DIVIDEND
(MID-TO-HIGH SINGLE DIGIT PERCENTAGE GROWTH EXTENDED TO 2026)
AND A TOTAL AMOUNT OF EUR 525 MILLION SHARE BUYBACK IN PLAN
PERIOD
    * FEE-BASED BUSINESS OPERATING RESULT TO AMOUNT TO EUR 140
MILLION
IN 2026
    * SEES PENSION BUY-OUTS TOTALING EUR 8 BILLION CUMULATIVELY
UP TO
AND INCLUDING 2027
    * OUTLOOK 2024-26: NON-LIFE COMBINED RATIO (EXCLUDING.
HEALTH) IN
RANGE OF 92-94% IN COMBINATION WITH A TARGET TO GROW NON-LIFE
PREMIUMS RECEIVED IN RANGE OF 3-5% ANNUALLY

Source text for Workspace:  ID:nNDLc2ScCR 
Further company coverage:  ASRNL.AS 

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