Asset Management

As well as managing its investment portfolio for its own account, a.s.r. offers unique investment propositions for third party clients, in which it has extensive experience and expertise:

• Growth through affiliated pension business with life cycle solutions;

• Proprietary mortgage production, serviced in a cost-effective manner;

• Opportunities for institutional investors in commercial, retail, residential and rural properties via real estate funds.

a.s.r. pursues a buy and build strategy in order to add scale, specific knowledge and services to its asset management business for third parties.

As part of the agreement on the business combination, Aegon Asset Management (Aegon AM) will use its extensive experience of management of specific illiquid asset categories for a period of at least 10 years. a.s.r. will transfer the management of the third-party mortgage and illiquid funds to Aegon AM. Furthermore, Aegon AM will retain the management of assets related to Aegon Cappital, Pensions DC and the unit-linked portfolios, whilst a.s.r.’s asset management department will manage all other asset categories relating to affiliate and general account assets.

Real Estate

a.s.r. invests in real estate and infrastructure (real assets) on behalf of a.s.r. and institutional investors and manages real assets portfolios. On July 4, 2023, as a result of the transition of Aegon NL, a.s.r. gained a 50% interest in the joint venture Amvest.

Mortgages

a.s.r. operates in the residential mortgage market and provides mortgage loans to retail customers for its own account and external investors. The mortgage loans for the a.s.r. brand are issued by ASR Levensverzekering N.V. and for the Aegon brand by Aegon Hypotheken B.V. and Aegon Levensverzekering N.V. Since its acquisition of Aegon NL, a.s.r. is the largest Dutch mortgage lender among insurers, with a market share of around 11%.