Achmea Reinsurance

On 15 August 2024 Achmea Group presented its 2024 interim results. The operational result increased to € 419 million, the solvency position is solid and the turnover grew further. The premium income increased by 11% and the income from Retirement Services grew by 19%, while costs increased by 6%. In addition, partly thanks to continuous focus on optimisation of our investment portfolio, Achmea achieved a strong return on our investments.
The economic and social context in which Achmea operates continues to evolve. Financial markets developed favourably in the first six months. The labour market is and will remain tight. Inflation leads, among other things, to higher costs for damage repair. At the end of June the European Central Bank (ECB) cut interest rates for the first time in five years, a signal of more grip on inflation. However, partly due to geopolitical tensions, there remains greater uncertainty and the risk of volatility.

For more information please refer to https://www.achmea.nl/en/investors/publications

- Achmea Reinsurance returns to the insurance-linked-securities (ILS) market with a € 100 million cat bond providing cover for European windstorm on an ultimate net loss, per occurrence basis.

- This transaction is Achmea Reinsurance’s fourth sponsored cat bond and the second under Rule 144A of the US Securities Act.

Today the Achmea Group presented its 2023 annual results. The operational result is € 628 million, showing growth in all segments. Achmea has made significant progress in its strategic execution, reflected in the growth of its customer base, revenue increase, high customer satisfaction scores and stronger market leadership in non-life and health.

At a glance:
- Operational result increases with € 109 million (+21%) due to higher insurance result at Non-life, growth in interest margin Bank and higher investment returns.
- Net result of € 814 million, underpinned by higher operational result and favourable development of financial markets.
- Growth in all segments; premiums increased to € 22.3 billion. Strong revenue growth in international activities and retirement services revenues (both 21%). Assets under Management rose 12% to € 218 billion.
- Solvency solid at 183%; decrease mainly due to business growth, market developments, model changes and repurchase of capital instruments.
- Good NPS scores based on high appreciation for our employees and swift claim handling supported by strategic investments in data and digitisation.
- Strong execution and realisation sustainability ambitions; both on our own footprint, as an investor and as a driver of social debate.

Please, find the press release enclosed with this mail. For more information we kindly refer to https://news.achmea.nl/operational-result-achmea-increased-strongly-to--628-million/

The 2023 annual results of Achmea Reinsurance Company N.V. will be presented in April 2024, we shall inform you as soon as this information is available.