Insurer ASR hikes 2026 targets on sale of Knab, integration of Aegon Nederland (updated)

ASR Nederland NV

27/06/2024 06:56

(Adds details throughout)
       June 27 (Reuters) - Dutch insurer ASR Nederland
 ASRNL.AS  raised its 2024-2026 financial targets on Thursday on
the back of its sale of Knab and the successful integration of
Aegon Nederland bought in 2022.
    ASR hiked its solvency II ratio target by around 40
percentage points to more than 160% and organic capital creation
target to 1.35 billion euros ($1.44 billion) by the end of 2026.
    The outlook hike stems from the positive impact from the
sale of online bank Knab in February and the successful
integration of Aegon's Dutch businesses which ASR agreed to buy
in a $4.9 billion deal in October 2022, CEO and Chairman Jos
Baeten said in a statement.
($1 = 0.9352 euros)

 (Reporting by Michal Aleksandrowicz in Gdansk; Editing by Kim
Coghill and Milla Nissi)
 ((michal.aleksandrowicz@thomsonreuters.com))