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BRIEF-ASR Nederland H1 operating result rises by 28.8 pct to 385 million euros
August 30, 2017 / 5:26 AM / 23 days ago

BRIEF-ASR Nederland H1 operating result rises by 28.8 pct to 385 million euros

Aug 30 (Reuters) - ASR NEDERLAND NV:

* A.S.R. REPORTS SOLID RESULTS IN FIRST HALF OF 2017‍​

* ‍OPERATING RESULT ROSE BY 28.8% TO EUR 385 MILLION IN H1​

* ‍OPERATING RETURN ON EQUITY STOOD AT 17.4% IN H1​

* COMBINED RATIO WAS 93.6% IN H1, 2.8%- POINTS BETTER THAN IN H1 2016‍​

* ‍H1 SOLVENCY II RATIO (STANDARD FORMULA) WAS 194%, WHICH WAS 5%-POINTS HIGHER THAN AT END OF 2016​

* PROFIT FOR PERIOD (ON IFRS BASIS) INCREASED BY 4.2% TO EUR 397 MILLION

* ‍H1 FINANCIAL LEVERAGE WAS 23.5% (TARGET <30%), WITH DOUBLE LEVERAGE LANDING AT 103.2%​

* GROSS WRITTEN PREMIUMS IN NON-LIFE SEGMENT INCREASED IN H1 BY 5.6% TO EUR 1,474 MILLION​

* ‍GROSS WRITTEN PREMIUMS IN LIFE SEGMENT FELL TO EUR 848 MILLION IN H1​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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