On 27 June 2024, a.s.r. presented its growth strategy and ambitious goals for the 2024–2026 plan period. The successful acquisition of Aegon NL has been a key moment in a.s.r.’s ambition to create a leading insurer in the Netherlands. The new strategy builds on a.s.r.’s strong track record and expresses the confidence management has in capturing the opportunities in the Dutch market.
The solid track record in delivering profitable growth and sustainable value are underpinned by:
Successfully building strong foundations to deliver profitable growth and create sustainable value;
Disciplined execution of strategy, strong performance and consistent delivery on ambitious targets;
Proven track record in rational capital allocation and delivering attractive returns.
The growth strategy focusses on:
Clear action plan pursuing profitable organic growth and enhancing performance, whilst continuing to integrate Aegon NL;
Further upside from our ongoing in-market bolt-on acquisition strategy in selected markets;
Committed to delivering shareholder value through attractive returns, whilst maintaining a strong balance sheet.
- 1Targets are based on the assumption of normal (financial) markets, environmental and economic conditions and no material regulatory changes.
- 2In general, a.s.r. expects not to pay cash dividends if the SII ratio falls below 140%. For SBB, the Solvency II ratio needs to be at least 175% with sufficient OCC to fund capital distributions and no alternative deployment of capital delivering superior returns, and to be decided annually upon discretion by the Management Board.