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Publication date: November 6, 2024
- Year of incorporation: 2008 (created from the merger of Fortis Verzekeringen Nederland, ASR Verzekeringen, and the insurance operations of Fortis Corporate Insurance)
- Year added to the AEX: 2016
- Highest share price ever: €49.16 in May 2024
- Average trading volume: About 349.000 shares per day
- Price performance over the past 12 months:+27.69%
Introduction about the company
ASR Nederland N.V. is a leading Dutch insurance company with a wide range of financial products and services, including property and casualty, life and income insurance, pensions, health insurance, and asset management. The company is headquartered in Utrecht, the Netherlands, and is listed on Euronext Amsterdam under the symbol ASRNL.
Core figures & performance
In 2023, ASR Netherlands reported gross premium income of €8.825 billion and net income of €1.117 billion. The company employs about 8,000 people. Its market capitalization is approximately €9.588 billion. ASR Nederland has a consistent dividend policy and therefore pays an annual dividend to its shareholders. The stock has experienced stable growth in recent years, thanks in part to its focus on sustainability and innovation.
History & development
ASR Netherlands was formed in 2008 from the merger of Fortis Verzekeringen Nederland, ASR Verzekeringen, and the insurance operations of Fortis Corporate Insurance. Since then, the company has developed into one of the largest insurers in the Netherlands. In 2016, ASR Nederland was listed on Euronext Amsterdam and included in the AEX index. Significant acquisitions, such as that of Aegon in 2023 with a customer base of 6.5 million customers, make ASR Nederland one of the largest insurers in the Netherlands.
Sector & competition
ASR Nederland operates in the Dutch insurance sector, with competitors such as NN Group and Achmea. The sector is highly competitive and is characterized by innovation, regulation, and fluctuations in the financial markets. ASR Netherlands is distinguished by its strong focus on sustainability and customer focus.
Influence of ASR Netherlands on the AEX
As one of the largest insurers on the Amsterdam stock exchange, ASR Netherlands nevertheless has only a relatively small influence on the AEX index, with a total weighting of only 0.71% (measured June 28, 2024). This is because the weighting depends on market capitalization. As a result, ASR Nederland's figures will have a limited impact on the entire AEX index. Nevertheless, share price movements may affect the index, especially during the release of quarterly results and other important corporate developments.
Investment analysis & outlook
Investment analysts consider ASR Netherlands to be a stable investment, given its strong market position and ability to adapt to changing market conditions. Its focus on sustainability and innovation offers growth potential, although factors such as economic uncertainties and competitive pressures may pose challenges. Following the successful acquisition of Aegon, ASR Nederland's ambition is to become the leading insurer in the Netherlands.
The chart below shows the price performance of ASR Nederland against the AEX index over the past 5 years. It clearly shows that, after a significant decline in the early 2020s, the company has made an advance towards better figures in recent years. The better performance of the AEX is mainly due to the major influence of well-performing tech funds.
News & updates
Recently, ASR Netherlands announced the optimization of its industrial network by closing three production sites and transferring production to other regional locations. This consolidation is part of the company's multi-year efficiency plan, which is expected to be completed by the end of 2026. For more details on ASR Netherlands' financial performance and initiatives, visit its official website: ASR Netherlands.
Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.
