trending Market Intelligence /marketintelligence/en/news-insights/trending/i-2p93xpv83vsjwvfd6jva2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Achmea swings to FY'17 profit from year-ago loss

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


Achmea swings to FY'17 profit from year-ago loss

Achmea BV reported a net profit of €216 million for full year 2017, compared to a net loss of €379 million in the prior year.

The insurer booked an operational profit of €349 million, compared to an operational loss of €319 million in 2016. It booked a €166 million profit from its Dutch nonlife operations, compared to a loss of €185 million in 2016, while its Dutch pension and life operations rose to €342 million from €285 million.

The group's net premium revenues stood at €19.35 billion, compared to the year-ago €19.43 billion. Gross operating expenses declined year over year to €2.14 billion from €2.45 billion.

After payments of dividends, coupons on hybrids and share buyback, the Solvency II ratio stood at 184% at the end of 2017 based on the partial internal model, compared to 181% a year earlier. Before planned dividends, coupons on hybrids and share buyback, the Solvency II ratio came in at 191%.

"The improvement measures at nonlife, lower loss provision for premiums at health and the overall reduction in expenses contributed to the improved result. Nonlife and pension and life have made a substantial contribution to the result," Executive Board Chairman Willem van Duin said.

"Our strategic planning period runs until 2020 and foresees an annual structural gross operational result of about €450 million, excluding the contribution from our healthcare activities."