Edition:
India

ASR Nederland H1 Net Result up 46.5% YOY


Friday, 23 Aug 2019 

Aug 23 (Reuters) - ASR Nederland NV ::H1 GROSS WRITTEN PREMIUMS UP 3.0% AT 2.58 BILLION EUROS.STRONG H1 RESULTS DUE TO SOLID OPERATING PERFORMANCE AND DISCIPLINED EXECUTION.OPERATING RESULT INCREASED BY 21.0% TO € 459 MILLION (H1 2018: € 380 MILLION ).H1 OPERATING RETURN ON EQUITY AMOUNTS TO 16.8%, WELL ABOVE THE TARGET OF ‘12-14%.H1 COMBINED RATIO AMOUNTS TO 93.5%2 , OUTPERFORMING THE ‘94-96%’ TARGET..H1 NET IFRS RESULT INCREASED BY 46.5% TO € 540 MILLION (H1 2018: € 368 MILLION).SOLVENCY II (STANDARD FORMULA) WAS AFTER THE INTERIM DIVIDEND 191% AS AT 30 JUNE 2019 (31 DECEMBER 2018: 197%).LOOKING AHEAD, WE ARE POSITIVE ABOUT THE COMMERCIAL AND OPERATIONAL OUTLOOK FOR THE SECOND HALF OF THIS YEAR.H1 OPERATING RESULT OF THE LIFE SEGMENT INCREASED BY 8.3% TO € 368 MILLION.H1 GROSS WRITTEN PREMIUMS IN THE NON-LIFE SEGMENT INCREASED BY € 74 MILLION TO € 1,791 MILLION.H1 OPERATING RESULT OF THE NON-LIFE SEGMENT INCREASED SUBSTANTIALLY TO € 122 MILLION (H1 2018: € 66 MILLION). 

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