Credit ratings
a.s.r. is rated by Standard & Poor's (S&P). In 2024, a.s.r. had several meetings and conference calls with the rating agency to discuss relevant developments at a.s.r. and in the Dutch insurance market. This resulted in an update report on a.s.r. on 12 September 2024, which affirmed the ratings and revised the outlook from stable to positive. The positive outlook is based, amongst other, on the assessment of the capital and earnings analysis by S&P, which is regarded as 'excellent', up from 'very strong' based on S&P’s view of the capital adequacy in the S&P capital model. The single A rating of ASR Schadeverzekering N.V. (Non-life) and ASR Levensverzekering N.V. (Life) have applied since 29 September 2008 and on Aegon Levensverzekering N.V. (life) since 23 May 2023. The BBB+ rating on the holding entity, ASR Nederland N.V. has applied since 15 May 2014.
More information on a.s.r.’s bonds and ratings can be found at www.asrnl.com.
| Standard & Poor's | Type | Rating | Outlook | Since |
|---|---|---|---|---|
| ASR Nederland N.V. | ICR CCR | BBB+ | Positive | 12 September 2024 |
| ASR Levensverzekering N.V. | ICR / IFSR | A | Positive | 12 September 2024 |
| ASR Schadeverzekering N.V. | ICR / IFSR | A | Positive | 12 September 2024 |
| Aegon Levensverzekering N.V. | ICR / IFSR | A | Positive | 12 September 2024 |
| | | | | |
| Green Senior Bond | | BBB+ | | |
| Tier 2 Bonds | | BBB- | | |
| Tier 1 Bond | | BB+ | | |
ESG ratings
a.s.r. is rated by various ESG benchmarks & rating agencies. These rating agencies provide a.s.r. with external recognition for sustainability and the realisation of its group targets, including non-financial targets. These agencies also benchmark a.s.r. to its peers.
a.s.r. again performed strongly in the S&P Dow Jones Sustainability Index (DJSI). With a score of 82 points (2023: 79), it remains included in the DJSI World and Europe indices. At Sustainalytics, a.s.r. is the number 4 worldwide amongst insurers.
A dedicated a.s.r. team continuously monitors developments regarding ESG ratings and methodologies as well as the interest from investors in the ESG benchmarks, and uses these insights to further improve and embed sustainability in a.s.r.'s operations.
More information on a.s.r.’s ESG ratings can be found at www.asrnl.com.
| | Score low | Score high | 2024 | 2023 |
|---|---|---|---|---|
| S&P Dow Jones Sustainability Index1 | 0 | 100 | 82 / #92 | 79 / #82 |
| MSCI | CCC | AAA | AA | AA |
| Sustainalytics ESG Risk Rating | 100 | 0 | 11.2 / #42 | 9.6 / #22 |
| Carbon Disclosure Project | D- | A | B | B |
| ISS ESG | D- | A+ | C+ (prime) | C+ (prime) |
| FTSE4Good | 0 | 5 | 5.0 | 5.0 |
| Bloomberg Gender Equality Index | N/A | N/A | included | included |
| Euronext Sustainable Europe 120 Index3 | N/A | N/A | included | included |
| Ethibel Excellence Euro Index | N/A | N/A | included | included |
| Fair Insurance Guide (Eerlijke Verzekeringswijzer) | N/A | N/A | #1 | #1 |
| VBDO (once every two years) | N/A | N/A | N/A | #2 |
| VBDO Tax Transparency Benchmark | 0 | 35 | 31 / #14 | 31 / #11-14 |
- 1 DJSI Europe Index: #5, DJSI World Index: #8
- 2 Ranking amongst the insurance leaders in ESG worldwide
- 3 Previously: Euronext Vigeo Eiris (Eurozone 120)