a.s.r. annual report 2022

FTEs

(in numbers, per 31 December)	2022	2021	2020	2019	2018
Non-life	1,541	1,508	1,524	1,460	1,319
Life	488	493	464	460	443
Asset Management	409	363	347	330	339
Distribution and Services	745	706	680	573	503
Holding and Other	1,130	1,086	1,027	1,084	1,079
Total full-time equivalents internal	4,313	4,155	4,042	3,906	3,683

% of all a.s.r. employees working from the Utrecht location (FTE)	92%	92%	91%	90%	95%

Part-time employees

(in numbers)	2022	2021	2020	2019	2018
Female	1,203	1,151	1,069	949	925
Male	573	576	520	449	530
Total number of part-time employees	1,776	1,727	1,589	1,398	1,455

Full-time employees

(in numbers)	2022	2021	2020	2019	2018
Female	552	514	479	510	409
Male	1,636	1,623	1,618	1,675	1,544
Total number of full-time employees	2,188	2,137	2,097	2,185	1,953

Contracts of indefinite duration

(in numbers)	2022	2021	2020	2019	2018
Female	1,513	1,460	1,363	1,303	1,210
Male	1,966	1,994	1,949	1,970	1,952
Total number of indefinite duration contracts	3,479	3,454	3,312	3,273	3,162

Contracts of definite duration

(in numbers)	2022	2021	2020	2019	2018
Female	242	205	185	156	124
Male	243	205	189	154	122
Total number of definite duration contracts	485	410	374	310	246

Gross average hourly wages split by gender

(in €)	31 December 2022		31 December 2021		31 December 2020		31 December 2019		31 December 2018
	Female	Male	Female	Male	Female	Male	Female	Male	Female	Male
Executive Board¹	334	346	296	313	277	337²	269	288	191	223
Senior management	125	124	118	115	107	106	101	101	91	98
Management excluding sr. and jr. management	61	68	57	63	57	61	55	59	54	56
Junior management	41	41	37	38	35	37	34	35	32	36
Other employees	26	30	25	28	24	28	23	27	22	26

¹ The figures for the EB include CEO’s compensation.
² Excluding CEO’s compensation, the male average hourly wage of the EB would not be applicable as a.s.r. does not have male EB members.

Employee compensation

In € million	2022	2021	2020	2019	2018
Salaries and wages	309	292	273	257	248

Pay ratio¹

(in units below)	2022	2021	2020²	2020 (reported)	2019
Annual total compensation for the highest-paid individual (€)³	1,215,000	1,108,000	1,420,000	824,000	1,145,000
Average annual total compensation for all employees (€)	106,000	100,000	102,000	62,000	98,000
Average Pay ratio (%)	11.5	11.0	13.9	13.3	11.7
Median annual total compensation for all employees (€)	100,000
Median Pay ratio (%)⁴	12.1

¹ In 2021, the calculation method of the pay ratio was changed in accordance with the Dutch Corporate Governance Code. The new calculation method is based on: i) The total annual remuneration of the CEO includes all remuneration components (such as fixed remuneration, variable remuneration in cash (bonus), the share-based part of the remuneration, social contributions, pension, expense allowance, etc.), as included in the (consolidated) financial statements on an IFRS basis. ii) The average annual remuneration of the employees is determined by dividing the total wage costs in the financial year (as included in the (consolidated) financial statements on an IFRS basis) by the average number of FTEs during the financial year. iii) Pro rato must be taken into account when hiring external employees, insofar as they are hired for at least three months during the financial year.
² The pay-ratio of 2020 excluding the extraordinary items is in accordance with the new calculation method 12.38.
³ The annual total compensation for the highest-paid individual is less high in 2021 because of the new defined contribution plan started from 1 January 2021. All employees participate in the defined contribution plan. The annual pension expenditure is based on a premium table.
⁴ As of 2022, a.s.r. reports on the median pay ratio in order to comply with GRI 2-21 and in anticipation of the CSRD.

Average years of service

(in years)	2022	2021	2020	2019	2018
Female	11.5	11.8	12.2	12.7	13.1
Male	14.5	14.8	15.8	16.4	16.6
Difference	3.0	3.0	3.6	3.7	3.5

Breakdown gender diversity

(in % female / male)	2022	2021	2020	2019	2018
Supervisory Board	40 / 60	40 / 60	33 / 67	33 / 67	40 / 60
Executive Board	33 / 67	33 / 67	67 / 33	33 / 67	25 / 75
Senior management	22 / 78	25 / 75	28 / 72	25 / 75	29 / 71
Management excluding sr. and jr. management	23 / 77	23 / 77	22 / 78	21 / 79	20 / 80
Junior management	34 / 66	37 / 63	34 / 66	35 / 65	31 / 69
Other employees	46 / 54	44 / 56	43 / 57	42 / 58	40 / 60
Total employees	44 / 56	43 / 57	42 / 58	41 / 59	39 / 61

Diversity of governance bodies and management

(in numbers female / male)	31 December 2022	31 December 2021	31 December 2020	31 December 2019	31 December 2018
Supervisory Board
Female	2	2	2	2	2
Male	3	3	4	4	3
Total Supervisory Board	5	5	6	6	5

Executive Board
Female	1	1	2	1	1
Male	2	2	1	2	3
Total Executive Board	3	3	3	3	4

Senior management
Female	4	4	5	5	6
Male	14	12	13	15	15
Total senior management	18	16	18	20	21

Management excl. senior and junior management
Female	40	38	35	33	26
Male	136	130	127	124	108
Total management excl. senior and junior management	176	168	162	157	134

Junior management (first level of management)
Female	49	59	56	54	51
Male	94	99	107	102	113
Total junior management (first level of management)	143	158	163	156	164

Other employees
Female	1,661	1,563	1,450	1,366	1,301
Male	1,963	1,956	1,890	1,881	1,948
Total other employees	3,624	3,519	3,340	3,247	3,249

Diversity of governance bodies and management

in % (female / male)	31 December 2022	31 December 2021	31 December 2020	31 December 2019	31 December 2018
Supervisory Board 30-50 years
Female		-	17	17	-
Male		-	-	-	-
Supervisory Board > 50 years
Female	40	40	17	17	40
Male	60	60	66	66	60
Total Supervisory Board	100	100	100	100	100

Executive Board 30-50 years
Female		-	33	-	-
Male	33	33	-	33	50
Executive Board > 50 years
Female	33	33	33	33	25
Male	33	33	33	33	25
Total Executive Board	100	100	100	100	100

Senior management 30-50 years
Female	11	19	17	15	24
Male	17	19	22	20	33
Senior management > 50 years
Female	11	6	11	10	5
Male	61	56	50	55	38
Total senior management	100	100	100	100	100

Management excl. senior and junior management < 30 years
Female		-	-	-	-
Male		-	-	1	-
Management excl. senior and junior management 30-50 years
Female	16	17	17	15	13
Male	41	43	45	42	57
Management excl. senior and junior management > 50 years
Female	6	5	4	6	6
Male	36	34	33	36	24
Total management excl. senior and junior management	100	100	100	100	100

Junior management (first level of management) < 30 years
Female		2	1	-	1
Male	1	1	1	1	1
Junior management (first level of management) 30-50 years
Female	20	24	23	24	21
Male	38	37	37	35	36
Junior management (first level of management) > 50 years
Female	15	11	11	11	9
Male	27	25	28	30	32
Total junior management (first level of management)	100	100	100	100	100

Other employees < 30 years
Female	6	6	6	6	5
Male	6	6	5	5	5
Other employees 30-50 years
Female	25	26	25	24	24
Male	25	26	28	26	27
Other employees > 50 years
Female	14	13	11	13	11
Male	23	24	25	27	27
Total other employees	100	100	100	100	100

Relative score for employee engagement in Denison scan compared to the benchmark

In percentile (0-100)	2022	2021	2020	2019	2018
a.s.r.	88	91	89	77	76

Participation desk

(in numbers)	2022	2021	2020	2019	2018
Employees employed through the Participation desk	44	46	37	35	29

Absenteeism rates¹

(in %)	2022	2021	2020	2019	2018
Female	5.3	4.6	4.5	5.4	5.5
Male	3.4	3.0	3.1	3.2	2.9
Total absentee rate	4.2	3.7	3.6	4.0	3.8

¹ Excluding maternity leave.

Nil absenteeism

(in %)	2022	2021	2020	2019	2018
Nil absenteeism	50	63	63	54	56

Collective labour agreement

(in %)	2022	2021	2020	2019	2018
Employees covered by CLA	100	99.5	99.4	99.3	99.3

Grievances

In numbers	2022	2021	2020	2019	2018
Grievances relating to labour practices	-	-	1	1	1

Training and development

(unit specified below)	2022	2021	2020	2019	2018
Total spending on training and development (€ million)	5.4	4.4	4.6	6.0	6.6
Equivalent working time spent on training (€ million)	875	736
Training spending per FTE that followed (€)	1,479	1,255	1,314	1,815	2,110
Human capital return on investment (%)	13	14	13	12	12
Average days of training per employee that followed training	0.8	0.8
Employees took part in at least one targeted training session (%)	63	64	45	58	44

Employee development training

(in numbers)	2022	2021	2020	2019	2018
Employees have completed job-related training	2,523	2,457	1,725	1,912	1,512
Employees took part in one of the development programmes	168	302	382	534	719
Employees followed a workshop on sustainable employability	366	326	391	343	792
Employees have completed an individual coaching programme	325	284	296	487	486
Employees were given guidance in the context of redundancy	41	86	85	157	154

Employee turnover

(in %)	2022	2021	2020	2019	2018
Voluntary employee turnover	7.1	3.7	2.9	3.7	4.9
Involuntary employee turnover	3.5	5.4	7.1	6.5	8.0
Total employee turnover	10.7	9.1	10.0	10.2	12.9

Vacancies filled

(in numbers)	2022	2021	2020	2019	2018
By internal candidates	277	327	199	256	208
By external candidates	443	323	265	224	184
Total number of vacancies filled	720	650	464	480	392

Vacancies filled

(in %)	2022	2021	2020	2019	2018
By internal candidates	38	50	43	53	53
By external candidates	62	50	57	47	47
Total percentage of vacancies filled	100	100	100	100	100

Ethical workshops and dilemma sessions

In numbers	2022	2021	2020	2019	2018
Ethical workshops and dilemma sessions	10	8	6	10	5