DOCSLIB.ORG

A H I T P T Ti Achmea Investor Presentation

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

AhAchmea Inves tor Present ttiation “The leading Dutch insurance Company with strong brands, multi-channel distribution strategy, well diversified product range and a conservative investment profile” March 2013 Contents Achmea overview Key investment highlights • Leading market positions • Core country base in one of the strongest Euro-zone countries • A very strong capitalisation • Well-diversified investments, especially in lightlight of conservative investment portfolio Results 2012 Proposed transaction Appendix 414807_Roadshow 2013.ppt Achmea snapshot – strong brands, diversified products, focus on insurance GWP by segment 2012 • A strongggp and solid insurance group founded over 200 years ago • Market leader in Dutch insurance: Property & Pension & Life Non-Life Casualty, Health, Income Protection, Pension and Life insurance • Distribution mainly through direct & banking channels and well positioned for future market developments • Strong market position with “power brands” Health Interpolis, Centraal Beheer Achmea, Zilveren Kruis Achmea and a range of specialty brands Total: €20.4 billion Brands GWP by geography 2012 Europe Greece 32% Turkey 24% Russia 5% Slovakia 23% Ireland 14% Bulgaria 2% Netherlands Total: €20.4 billion 2 Source: Achmea 414807_Roadshow 2013.ppt Ownership structure – stability through two cornerstone shareholders ACHMEA RABOBANK OTHER PREFERENCE ASSOCIATION NETHERLANDS 5.5% SHAREHOLDERS 65.3% 29.2% ACHMEA ORDINARY SHARES 94.5% TUSSENHOLDING 5.5% 3 Source: Achmea 414807_Roadshow 2013.ppt Achmea is a sizeable player compared to its European peers - with large operations in its domestic market 17,500 15, 000 12,500 10, 000 7,500 5,000 2,500 0 Achmea Allianz Generali Aviva Zurich Ageas Aegon Total gross premiums written in domestic non-life insurance (€m) 4 Source: 2011 Annual reports and investor presentations 414807_Roadshow 2013.ppt Key milestones achieved in 2011 and 2012 “A GROUP THAT IS MOVING” PORTFOLIO MANAGEMENT • Ce le bra te d our bicen tenary and this gave a strong boost to the profile of the group • Merger with DFZ, acquisition of Independer and the sale of Achmea Vitale • Sale of Avéro Belgium and Império France • Commercial position strengthened through acquisition of niche player Friesland Bank Assurantiën and OVO • Announced sale of life activities in Romania (non-core activities) OPERATIONAL IMPROVEMENTS • Agis and Achmea Health integrated • Closed life book managed in separate organizational entity • Investments in strengthening commercial capabilities and cooperation with Independer.nl • Increasinggg scale through consolidation of De Friesland Zorg verzekeraar STRONG FINANCIAL POSITION MAINTAINED • Maintained Standard & Poor’s A+ rating with a stable outlook for our insurance entities • Funding of Achmea Bank supported by placement of €1.3 billion of securities, including set up of new unsecured debt issuance programme • Group liquidity position strengthened with new credit facility of €750 million • Group Solvency (IGD) stable at 209% 5 Source: Achmea 414807_Roadshow 2013.ppt Long-term strategic choices for the Dutch portfolio Channel Banking Direct Broker Cooperation with distribution distribution distribution social partners Brands Product Groups Non-Life Core proposition: Increasing scale Strengthen Strenghten core proposition partnership Health Income Protection Pension - Standard Develop to core proposition Life- Standard Health Services In function of core proposition Providing Pension Services entrance Compl. to insur. Compl. to insur. Banking products products products Pension – Not Standard Seperate and manage internal or external Life – NtNot StdStandard 6 Source: Achmea 414807_Roadshow 2013.ppt Compass for Achmea Risk Insurer We choose Risk Insurer … to be complemented by as our compass … a future third pillar Risk insurer plus Pension & Life • Reinforcement Pension & Life • For exampp,le, streng then DC p roducts, asset management, additional focus on Basis as risk insurer SMEs • Success is scenario-dependent, construction and discontinuation phase are not yet disconnected • The basis for our future profile is risk insurer from the current situation, complexity, market developments and our relation with Risk insurer plus International Rabobank • ’Capital light’ foreign activities • For example, organic growth current countries, partnerships with Rabobank • Construction with limited deppyloyment of capital (without large takeovers) takes time 7 Source: Achmea 414807_Roadshow 2013.ppt Emerging thoughts on Achmea’s long-term future Recovery – back Building the platform Build-out based on to our core for the future; proven capabilities strengthening the core • Cost reduction • Enlarge earnings • Focused investments • Complexity capacity of core to 2020 reduction business • Strengthening core • CtiCreation of • FdFocused preparation for bibusiness Direction surplus future growth – • Competence based creating growth space, focus and • Leveraging ability to resources work effectively with partners • Strengthened Careful management Space for balance sheet of liquidity and capital stepped-up, focused • Terminate loss-making investments Finan- operations • Free-up tied capital cials • Linked to business in Health performance, cost reduction Time 20082012 2016 2020 8 Source: Achmea 414807_Roadshow 2013.ppt Achmea profile in 2020 Dutch Risk Insurer with a significant international portfolio A strong position in Non-life & Health, International contribution to premiums however a redtiduction in PiPension & Life will grow GWP (%) Property & Casualty 20 5 25 Through Income Protection 19 autonomous growth Health 32 Life Individual23 7 30 Life traditional 10 -5 Reduction Pension 10 -2 Pension & Life and divestments Other 1 -3 0 10 20 30 40 Market share NL (%) Current situation Loss profile 2020 vs. current situation Growth profile 2020 vs. current situation 9 Source: Achmea 414807_Roadshow 2013.ppt KPIs to help measure / manage implementation of strategy • We set ambitious objectives for the key performance indicators Group key performance indicators Indicator Objective 2012 Status Combined ratio Non-life <97% 99.6% incl. WGA provision Combined ratio Basic Health <100% 98.0% Customer satisfaction Satisfaction of at least 7.5 Average customer satisfaction for all Dutch Achmea insurance labels 7.6 Employee engagement >71% 72% Market Share Retain market share in core activities; Non- Leading market position maintained life,,p Health and Income protection Solvency >190% regulatory solvency ratio for 209% insurance entities (IGD) 10 Source: Achmea Contents Achmea overview Key investment highlights • Market-leading position • Core country base • Strong capitalisation • Well-diversified investment portfolio Results 2012 Proposed transaction Appendix 414807_Roadshow 2013.ppt Key investment highlights 1. Achmea’s dominant market position, market leader in the Netherlands, and strong alliance with Rabobank • Dominant market position in Non-life (19%) and particularly in Health (33%). 3rd largest individual life insurer • Strong shareholder support from one of the best banks in Europe – Rabobank 2. Core country base • The Netherlands is one of only three AAA countries remaining in the euro-zone. 5-year CDS is trading lower than France, and Belgium 3. Strong capitalisation in combination with a low risk profile • Capitalisation is very strong and of high quality • Solvency Coverage was 2.09 times the minimum as of year end 2012 (Achmea Insurance Group, Solvency I IGD), and over 60% of TAC is deriderivedved from core shareholders funds 4. Well diversified and low risk investment portfolio • Well diversified investment portfolio. As of year end 2012 79% of the portfolio was in fixed income instruments, of which >60% AAA-rated Sovereigggns and 88% in fixed income securities rated ‘A' or higher. Only 2.0% of the portfolio is in ‘PIIGS’ • Sound risk management using ERM 12 Contents Achmea overview Key investment highlights • Market-leading position • Core country base • Strong capitalisation • Well-diversified investment portfolio Results 2012 Proposed transaction Appendix 414807_Roadshow 2013.ppt Leading positions in our core markets #1 P&C Achmea Delta 19% Lloyd ASR ING Allianz Other CZ Group Achmea Coöperatieve VGZ #1 Previously UVIT Incl. Delta Lloyd Menzis Other Health 33% and OHRA Income Achmea Delta #2 ASR ING Lloyd Goudse Other Protection 19% Individual Achmea SNSDelta Delta #2 Other Life ING 14% ReaalLloyd ASR Lloyd Delta Zwitser Achmea #5 Aegon ING Other Pensions Lloyd leven 10% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 14 Source: Achmea 414807_Roadshow 2013.ppt Over half of all Dutch people are customers at Achmea Retail customers Wholesale customers 15 Source: Achmea 414807_Roadshow 2013.ppt The strength of Achmea’s brands is clear NON-LIFE HEALTH PENSION & LIFE Brand strength 16 Source: Achmea 414807_Roadshow 2013.ppt HiggeesoCustoesatsactoh levels of Customer satisfaction Customer rating of Dutch insurers 2011 2012 Achmea brands 2011 FBTO Achmea brands 2012 Centraal Interpolis Market average Zilveren Kruis Beheer Achmea 17 Source: annual customer engagement report from the ‘Verbond van verzekeraars’ 414807_Roadshow 2013.ppt Achmea's strong alliance with Rabobank Achmea is the result of a merger of AVCB with Interpolis, Rabobank’s insurance company in 2005 • Commercial alliance through the banking channel. Approximately 98% of insurance products sold via the Rabobank channel are Interpolis share in Rabobank Achmea insurance products Distribution of Insurance sales • Strong position
Recommended publications
  • Press Release – 2019 Annual Results

    Press Release – 2019 Annual Results

    Press Release 12 March 2020 - Achmea Annual Results 2019 Achmea records significantly increased operational result of €547 million • Strong Non-Life result with a combined ratio of 95.0% • Sustained good Pension & Life results • Positive result current underwriting year for basic and supplementary health insurance • Strong growth in Non-Life, Retirement Services and international activities; Assets under Management grew to €200 billion at the start of 2020 • Solvency ratio robust at 214%, partly supported by financial markets • Business model expanded further with new propositions and services Willem van Duin, Chairman of the Executive Board: “As an insurer with a cooperative identity, Achmea is committed to a healthy, safe and future-proof society. We put that strategy into practice through our brands and make a difference to the lives of our customers. A sound and sustainable financial result is essential to our ability to properly fulfil our role in society. Achmea ended 2019 well with an increase of the operational result to €547 million and a solvency ratio that rose further to 214% after dividend payments. We have seen growth in both the number of customers and written premiums in property & casualty insurance, as well as a further increase in the result from our pension & life insurance activities. Our new pension services model, in which we offer a comprehensive package of asset management and banking services, is appreciated highly by our customers. The result over the 2019 underwriting year was positive for both basic and supplementary health insurance. However, the negative results on prior underwriting years caused a negative result on overall basic health insurance.
  • Aegon N.V. Aegon N.V

    Aegon N.V. Aegon N.V

    Insurance Life Insurance Netherlands Ratings Aegon N.V. Aegon N.V. Long-Term IDR A- And Core Subsidiaries Short-Term IDR F2 Scottish Equitable Plc Insurer Financial Strength Rating A+ Transamerica Financial Life Insurance Company Key Rating Drivers Insurer Financial Strength Rating A+ Short-Term Insurer Financial WD Very Strong Business Profile: Fitch Ratings ranks Aegon N.V.’s business profile as ‘favourable’ Strength Rating compared to other Dutch insurance companies. Geographic diversification is broad; non- Transamerica Life Insurance Company Dutch assets account for about 80% of the group’s assets. Aegon has a substantial life Insurer Financial Strength Rating A+ insurance franchise in the Netherlands focusing on retirement services and savings, where it Short-Term Insurer Financial F1+ has top three market positions. It also has significant life and pension operations in the US and Strength Rating the UK. Transamerica Premier Life Insurance ‘Very Strong’ Capitalisation and Leverage: Aegon’s end-2019 Prism Factor-Based Capital Company Model (Prism FBM) score was unchanged at ‘Very Strong’ and the group’s Solvency II (S2) ratio Insurer Financial Strength Rating A+ was 201%. The S2 ratio improved to 208% in 1Q20 due to the increase of the S2 volatility Short-Term Insurer Financial WD adjuster (VA), although this was partly offset by adverse market movements in the US. The Strength Rating financial leverage ratio (FLR) decreased to 25% in 2019 on the successful issuance of Note: See additional ratings on page 8. restricted Tier 1 (RT1) notes during the year. Good Financial Performance: Aegon’s underlying earnings could weaken in 2020 due to the Outlooks impact of the coronavirus pandemic on US operations, while earnings in Europe are expected Negative to remain more resilient.
  • Rabobank Nederland Coo¨ Peratieve Centrale Raiffeisen-Boerenleenbank B.A

    Rabobank Nederland Coo¨ Peratieve Centrale Raiffeisen-Boerenleenbank B.A

    Base Prospectus Rabobank Nederland Coo¨ peratieve Centrale Raiffeisen-Boerenleenbank B.A. (a cooperative (coo¨peratie) formed under the laws of the Netherlands with its statutory seat in Amsterdam) Coo¨ peratieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland) Australia Branch (Australian Business Number 70 003 917 655) (a cooperative (coo¨peratie) formed under the laws of the Netherlands with its statutory seat in Amsterdam) Coo¨ peratieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland) Singapore Branch (Singapore Company Registration Number S86FC3634A) (a cooperative (coo¨peratie) formed under the laws of the Netherlands with its statutory seat in Amsterdam) EUR 160,000,000,000 Global Medium-Term Note Programme Due from seven days to perpetuity Under the Global Medium-Term Note Programme described in this Base Prospectus (the ‘‘Programme’’), Coo¨peratieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland) (‘‘Rabobank Nederland’’, the ‘‘Bank’’ or the ‘‘Issuer’’), may through its head office or through its branches listed above, subject to compliance with all relevant laws, regulations and directives, from time to time issue Global Medium-Term Notes (the ‘‘Notes’’). References herein to the ‘‘Issuer’’ shall mean Rabobank Nederland, whether issuing Notes through its head office or through its branches listed above. The branches through which Rabobank Nederland may issue Notes are Coo¨peratieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland) Australia Branch (‘‘Rabobank Australia Branch’’) and
  • Webversie 2020 08 01.Xlsx

    Webversie 2020 08 01.Xlsx

    OVERZICHT BELEGGINGSPRODUCTEN IN AEQUOTE PER 01-08-2020 OVERZICHT LIJFRENTE OPBOUW BELEGGINGSPRODUCTEN IN AEQUOTE PER 01-08-2020 Maatschappij ProductNaam Aegon Beheerd Beleggen Lijfrente Binck Pensioen Brand New Day Pensioenrekening Brand New Day ZZP Pensioenrekening Bright Pensions BrightPensioen DEGIRO Pensioenrekening Dexxi Pensioen Evi van Lanschot Evi Pensioen Leidsche verzekeringen Lijfrenteverzekering Loyalis ZZP Pensioen NNEK Pensioenrekening NNEK Pensioenrekening - Fondsenplatvorm Ostrica Perlas Rabobank Rabo ToekomstBeleggen Scildon Scildon Beleggen Scildon Nova Garant Polis Scildon Nova Polis Scildon Particulier Pensioen Plan OVERZICHT OPBOUW EIGEN WONING BELEGGINGSPRODUCTEN IN AEQUOTE PER 01-08-2020 Maatschappij ProductNaam Brand New Day Hypotheekaflossing Ostrica Perlas Rabobank Rabo OpbouwHypotheek Scildon Scildon Beleggen Scildon Nova Garant Polis Scildon Nova Polis OVERZICHT BELEGGINGSREKENINGEN IN AEQUOTE PER 01-08-2020 Maatschappij ProductNaam ABN AMRO ABN AMRO Vermogensbeheer ABN AMRO ABN AMRO Zelf Beleggen Basis ABN AMRO ABN AMRO Zelf Beleggen Plus ABN AMRO ABN AMRO Begeleid Beleggen Aegon Aegon Beheerd Beleggen Alex Vermogensbank Alex Laten beleggen ASN ASN Beleggingsrekening/Maandbeleggen ASN ASN Doelbeleggen Binck Binck Fondsbeleggen - Alles in 1 Portefeuilles Binck Binck Fondsbeleggen - Duurzaam beleggen Binck Binck Forward Binck Binck Select Binck Binck Zelf Beleggen BLG BLG Doelbeleggen Brand New Day BND Beleggingsrekening Bright Pensions Bright Beleggingsrekening Centraal Beheer Centraal Beheer Fondsbeleggen
  • Report Profundo

    Report Profundo

    Eerlijke Verzekeringswijzer Dutch Fair Insurance Guide A Case Study on Transparency & Accountability A research paper for Amnesty International, Dierenbescherming, FNV, Milieudefensie, Oxfam Novib and PAX Eerlijke Verzekeringswijzer Dutch Fair Insurance Guide A Case Study on Transparency & Accountability A research paper for Amnesty International, Dierenbescherming, FNV, Milieudefensie, Oxfam Novib and PAX Date of publication 5 July 2016 Hester Brink, Retno Kusumaningtyas, Michel Riemersma, Joeri de Wilde Naritaweg 10 1043 BX Amsterdam The Netherlands Tel: +31-20-8208320 E-mail: [email protected] Website: www.profundo.nl Contents Samenvatting ............................................................................................................ i Summary ......................................................................................................... vii Introduction ........................................................................................................... 1 Chapter 1 Background ...................................................................................... 3 1.1 What is at stake? ....................................................................................... 3 1.2 Themes ...................................................................................................... 4 1.2.1 Organisation................................................................................................ 4 1.2.2 Policy .........................................................................................................
  • F. Van Lanschot Bankiers N.V. Credit Update

    F. Van Lanschot Bankiers N.V. Credit Update

    F. van Lanschot Bankiers N.V. Credit Update May 2013 Content Profile of Van Lanschot 2012 annual results and Q1 2013 trading update Funding and liquidity 1 1 Executive summary Profile of Van Lanschot Key financials Who•The weoldest are independent bank in the Netherlands with Q1 2013 FY 2012 history dating back more than 275 years Core Tier 1 ratio (%) 11.9% 11.0% •A relationship-oriented bank, with genuine personal Funding ratio (%) 83.1% 84.4% attention, whereby the interests of the client really do What we do Leverage ratio (%) 7.4% 7.5% come first Client assets (€) 53.0 billion 52.3 billion •Local visibility with 34 offices and client meeting centres Underlying profit (€) 26.3 million 2 million in the Netherlands, Belgium and Switzerland What sets us apart Strategy Financial targets 2017 •Our objective is to preserve and create wealth for clients Core Tier I ratio > 15% •We choose to be a pure-play, independent wealth manager Return on Core Tier I equity of 10-12% •We strongly believe that wealth management offers attractive growth opportunities and that we have inherent Cost-income ratio of 60-65% and distinctive strengths •Private banking, asset management and merchant 2 banking are the areas in which we excel 2 Evolution into an independent Private Bank 1737 2013 1737 29-6-1999 30-9-2004 1-1-2007 14-05-2013 Established as Listed on Acquisition Acquisition Strategic Review: a trading Euronext CenE Bankiers Kempen & Co focus on private house in Amsterdam banking, asset ‘s-Hertogenbosch management and merchant banking • Our objective
  • Pdf, Last Accessed on Oc- Tober 24, 2019

    Pdf, Last Accessed on Oc- Tober 24, 2019

    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Hellwig, Michael; Laser, Falk Hendrik Working Paper Bank mergers in the financial crisis: A competition policy perspective ZEW Discussion Papers, No. 19-047 Provided in Cooperation with: ZEW - Leibniz Centre for European Economic Research Suggested Citation: Hellwig, Michael; Laser, Falk Hendrik (2019) : Bank mergers in the financial crisis: A competition policy perspective, ZEW Discussion Papers, No. 19-047, ZEW - Leibniz- Zentrum für Europäische Wirtschaftsforschung, Mannheim This Version is available at: http://hdl.handle.net/10419/206418 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen
  • Study on the Implementation of Recommendation 97/489/EC

    Study on the Implementation of Recommendation 97/489/EC

    Study on the implementation of Recommendation 97/489/EC concerning transactions carried out by electronic payment instruments and in particular the relationship between holder and issuer Call for Tender XV/99/01/C FINAL REPORT – Part b) Appendices 20th March 2001 Study on the implementation of Recommendation 97/489/EC 1 APPENDICES Appendices 1. Methodology.................................................................................3 Appendices 2. Tables..........................................................................................28 Appendices 3. List of issuers and EPIs analysed and surveyed........................147 Appendices 4. General summary of each Work Package.................................222 Appendices 5. Reports country per country (separate documents) Study on the implementation of Recommendation 97/489/EC 2 Appendices 1 Methodology Study on the implementation of Recommendation 97/489/EC 3 Content of Appendices 1 1. Structure of the report ..............................................................................5 2. Route Map................................................................................................6 3. Methodology.............................................................................................7 4. Tools used..............................................................................................14 Study on the implementation of Recommendation 97/489/EC 4 1. The Structure of the Report The aims of the study were to investigate how far the 1997 Recommendation has been
  • Besluit in Zaak 7051

    Besluit in Zaak 7051

    Openbare versie Nederlandse Mededingingsautoriteit BESLUIT Besluit van de Raad van Bestuur van de Nederlandse Mededingingsautoriteit als bedoeld in artikel 37, eerste lid, van de Mededingingswet. Nummer 7051 / 197 Betreft zaak: 7051/ Eureko B.V. - Coöperatie De Friesland U.A. I. MELDING 1. Op 15 oktober 2010 heeft de Raad van Bestuur van de Nederlandse Mededingingsautoriteit (hierna: de Raad) een melding ontvangen van een voorgenomen concentratie in de zin van artikel 34 van de Mededingingswet. Hierin is medegedeeld dat Eureko B.V. en Coöperatie De Friesland U.A. voornemens zijn een concentratie aan te gaan in de zin van artikel 27, eerste lid, van de Mededingingswet. 2. Van de melding is mededeling gedaan in Staatscourant nr. 16764 van 22 oktober 2010. Naar aanleiding van de mededeling in de Staatscourant zijn zienswijzen van derden naar voren gebracht. Deze zienswijzen worden, voor zover er overwegingen aan zijn ontleend die dragend zijn voor dit besluit, in het navolgende nader uiteengezet. Ambtshalve zijn vragen gesteld aan verschillende marktpartijen. In onderhavige zaak is een zienswijze ontvangen van de Nederlandse Zorgautoriteit (hierna: NZa); hierop wordt in de punten 54 en 55 ingegaan. II. PARTIJEN 3. Eureko B.V. (hierna: Eureko) is een besloten vennootschap naar Nederlands recht. Zij heeft als belangrijkste aandeelhouders Vereniging Achmea, die via Stichting Administratiekantoor Achmea circa 55% van de aandelen houdt en de Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (hierna: Rabobank) die circa 39% van de aandelen houdt, terwijl de overige aandelen in handen zijn van strategische investeerders. Vereniging Achmea en Rabobank hebben gezamenlijke zeggenschap over Eureko.1 Eureko houdt alle aandelen in Achmea Holding N.V., een naamloze vennootschap naar Nederlands recht, die aan het hoofd staat van de Achmea Groep.
  • Achmea Bank N.V. Reports a Positive Result of Eur 37 Million Limited Impact Covid-19 Crisis on Achmea Bank’S Financial Position

    Achmea Bank N.V. Reports a Positive Result of Eur 37 Million Limited Impact Covid-19 Crisis on Achmea Bank’S Financial Position

    ACHMEA BANK N.V. PRESS RELEASE 2020 ACHMEA BANK N.V. REPORTS A POSITIVE RESULT OF EUR 37 MILLION LIMITED IMPACT COVID-19 CRISIS ON ACHMEA BANK’S FINANCIAL POSITION Tilburg, 15 March 2021 • Achmea Bank N.V. reported for 2020 an operating profit of EUR 37 million, EUR 28 million after tax (2019: EUR 50 million, after tax EUR 37 million) • The Common Equity Tier 1 Capital Ratio remains strong at 20.4% (2019: 19.2%) • Achmea Bank further executed its ambition to grow in mortgages, through the acquisition of a portfolio of Dutch residential mortgages from BinckBank of EUR 0.5 billion • Achmea Bank combined its mortgage activities with Syntrus Achmea Real Estate & Finance to focus on growth in mortgages • The Bank positions itself to become a data driven connected bank optimizing its asset base to support the Achmea strategy Achmea Bank reported a profit before tax of EUR 37 million in 2020 (2019 EUR 50 million). The 2019 result included an one-off accounting result of EUR 18 million related to the a.s.r. transaction. The operating result for 2020, excluding one-off results and fair value result, increased from EUR 34 million in 2019 to EUR 42 million in 2020. The increase in operating result is mainly due to a higher interest margin of EUR 16 million. Impairment charges amounted EUR 3 million (2019 EUR +4 million). 2020 was dominated by the Covid-19 crisis. This crisis affects the social and economic living environment and thereby also our customers. Since March 2020, Achmea Bank offered the possibility of a payment holiday to mortgage customers with payment difficulties directly related to the Covid-19 crisis.
  • MJ Bijlsma CM Van Den Broek JFG Bruggert E

    MJ Bijlsma CM Van Den Broek JFG Bruggert E

    The following staff of NMa contributed to the realisation of this document: M.J. Bijlsma C.M. van den Broek J.F.G. Bruggert E.J.R. Droste M. Gerritsen W. Meester I.S. Nobel M.M. Oijevaar C. Wolfsen C.J. Zonderland The contents of this publication closed on 1 October 2005. Developments after this date could therefore no longer be included in the texts. 1 Contents Foreword 4 1 The Financial Sector Monitor in 2005 6 1.1 Introduction 6 1.2 Activities of FSM in 2005 6 1.3 Success factors 8 1.4 Structure 9 1.5 Market developments in 2005 10 2 Competition between insurance brokers 15 2.1 Introduction 15 2.2 Responses to the consultation document 15 2.3 Survey 16 2.4 Analysis of consumer choice 20 2.5 Conclusions 24 3 Effects of the transfer of PIN contracts 26 3.1 Introduction 26 3.2 Outcomes of the research by NIPO/ECORYS-NEI 27 3.3 Outcomes of FSM's research into tariffs 29 3.4 Conclusions 30 4 Entry and exit of banks 32 4.1 Introduction 32 4.2 Registrations and deregistration under the Credit System (Supervision) Act 32 4.2.1 Breakdown according to the type of institution 34 4.2.2 Registrations and Deregistrations of Dutch commercial banks according to their background 36 4.3 Entries and exits 37 4.4 Conclusions 38 5 The geographical dimension of the health insurance market 39 5.1 Introduction 39 5.2 The healthcare market 40 5.3 Relevant geographical dimension 42 5.4 Dynamic factors 44 5.4.1 Regional mechanism 44 5.4.2 Counteracting factors 47 5.4.3 Empirical research 49 5.5 Conclusions 52 6 Interbank charges: economic theory and international
  • AEGON Appoints Herman Bril Senior Vice-President, Group Treasury

    AEGON Appoints Herman Bril Senior Vice-President, Group Treasury

    The Hague, December 20, 2006 AEGON appoints Herman Bril Senior Vice-President, Group Treasury AEGON N.V. announced today that it will appoint Herman Bril (39) as Senior Vice-President for Group Treasury. In this role, he will lead AEGON's treasury and capital management activities. He will report to Michiel van Katwijk, Executive Vice-President. Herman Bril has worked for Interpolis (part of Achmea) as Managing Director, Head of Asset Management for over three years. He has been closely involved in the integration of Achmea's Pension Division over the past year. Before joining Interpolis, Herman Bril worked for FGH Bank as Treasurer and he held various positions in (investment) banking with ABN AMRO, Dresdner Bank and Deutsche Bank. Herman Bril will start with AEGON in March of next year. ABOUT AEGON AEGON is one of the world’s largest life insurance and pension companies, and a strong provider of investment products. We empower our local business units to identify and provide products and services that meet the evolving needs of our customers, using distribution channels best suited to their local markets. We take pride in balancing a local approach with the power of an expanding global operation. With headquarters in The Hague, the Netherlands, AEGON companies employ approximately 27,000 people. AEGON’s three major markets are the United States, the Netherlands and the United Kingdom. In addition, the Group is present in a number of other countries including Canada, China, Czech Republic, Hungary, Poland, Slovakia, Spain and Taiwan. Respect, quality, transparency and trust constitute AEGON’s core values as the company continually strives to meet the expectations of customers, shareholders, employees and business partners.