ASR Nederland N : Disclosures SFCR 2021

ASR Nederland N.V.

2021

Solvency and Financial Condition Report - Disclosure

(Monetary amounts in € thousands)

ASR Nederland N.V. 2021 Solvency and Financial Condition Report - Disclosure

2

S.02.01.02 -  Balance sheet

2021			Solvency II Value
Assets
Intangible assets
Deferred tax assets			591,000
Pension benefit surplus
Property, plant & equipment held for own use			186,748
Investments (other than assets held for index-linked and unit-linked contracts)			44,342,006
-  Property (other than for own use)			2,668,839
-  Holdings in related undertakings, including participations			183,418
-  Equities			2,540,897
	-  Equities - listed			2,180,293
	-  Equities - unlisted			360,603
-  Bonds			25,723,788
	-  Government Bonds			14,264,626
	-  Corporate Bonds			10,924,876
	-  Structured notes			3,425
	-  Collateralised securities			530,861
-  Collective Investments Undertakings			5,307,155
-  Derivatives			6,619,620
-  Deposits other than cash equivalents			1,298,290
-  Other investments
Assets held for index-linked and unit-linked contracts			11,569,094
Loans and mortgages			15,292,091
-  Loans on policies			14
-  Loans and mortgages to individuals			13,440,573
-  Other loans and mortgages			1,851,504
Reinsurance recoverables from:			453,953
- Non-life and health similar to non-life			58,553
- Non-life excluding health			58,553
-  Health similar to non-life
-  Life and health similar to life, excluding health and index-linked and unit-linked			395,401
-  Health similar to life			222,084
-  Life excluding health and index-linked and unit-linked			173,317
-  Life index-linked and unit-linked
Deposits to cedants
Insurance and intermediaries receivables			265,518
Reinsurance receivables			95,805
Receivables (trade, not insurance)			538,269
Own shares (held directly)			84,163
Amounts due in respect of own fund items or initial fund called up but not yet paid in
Cash and cash equivalents			1,211,393
Any other assets, not elsewhere shown	80,940
Total assets			74,710,980

ASR Nederland N.V. 2021 Solvency and Financial Condition Report - Disclosure

3

S.02.01.02  -  Balance sheet (continued)

2021		Solvency II Value
Liabilities
Technical provisions - non-life		2,245,434
Technical provisions - non-life (excluding health)	1,634,357
-  Technical provisions calculated as a whole
-  Best estimate		1,537,541
-  Risk margin		96,816
Technical provisions - health (similar to non-life)	611,077
-  Technical provisions calculated as a whole
-  Best estimate		564,426
-  Risk margin		46,651
Technical provisions - life (excluding index-linked and unit-linked)		38,945,118
Technical provisions - health (similar to life)	4,632,976
-  Technical provisions calculated as a whole
-  Best estimate		4,151,979
-  Risk margin		480,997
Technical provisions - life (excluding health and index-linked and unit-linked)	34,312,141
-  Technical provisions calculated as a whole
-  Best estimate		32,515,961
-  Risk margin		1,796,180
Technical provisions - index-linked and unit-linked	11,935,164
-  Technical provisions calculated as a whole
-  Best estimate		11,845,674
-  Risk margin	89,490
Other technical provisions
Contingent liabilities
Provisions other than technical provisions		46,786
Pension benefit obligations		3,989,765
Deposits from reinsurers		32,076
Deferred tax liabilities		765,465
Derivatives		794,280
Debts owed to credit institutions		5,741,375
Financial liabilities other than debts owed to credit institutions		191,574
Insurance & intermediaries payables		528,436
Reinsurance payables		12,152
Payables (trade, not insurance)		256,102
Subordinated liabilities	2,061,038
-  Subordinated liabilities not in Basic Own Funds
-  Subordinated liabilities not in Basic Own Funds		2,061,038
Any other liabilities, not elsewhere shown	637,210
Total liabilities	68,181,975
Excess of assets over liabilities		6,529,006

ASR Nederland N.V. 2021 Solvency and Financial Condition Report - Disclosure

4

S.05.01.02 -  Premiums, claims and expenses by line of business

							Line of Business for: non-life insurance and reinsurance obligation (direct business and accepted proportional reinsurance)			Line of business for: accepted non-proportional reinsurance
				Workers'
			Income	compen-			Marine, aviation	Fire and other		Credit and							Marine,
		Medical expense	protection	sation	Motor vehicle	Other motor	and transport	damage to	General liability	suretyship	Legal expenses		Miscellaneous				aviation,
2021		insurance	insurance	insurance	liability insurance	insurance	insurance	property insurance	insurance	insurance	insurance	Assistance	financial loss		Health	Casualty	transport	Property	Total
Premiums written
Gross - Direct Business	1,231,355	539,979		476,934	345,395	47,683	471,507	114,051	2,127	43,681	1,434	90,572						3,364,719
Gross - Proportional reinsurance accepted													668						668
Gross - Non-proportional reinsurance accepted																			-
Reinsurers' share		105	114		1,700	1,725	2,182	24,555	364	-	44,520	-	359						75,624
Net	1,231,250	539,865		475,234	343,670	45,501	446,952	113,687	2,127	-839	1,433	90,882						3,289,762
Premiums earned
Gross - Direct Business	1,231,355	539,376		477,678	357,653	47,295	472,328	114,052	2,127	43,794	1,424	91,645						3,378,727
Gross - Proportional reinsurance accepted													663						663
Gross - Non-proportional reinsurance accepted																			-
Reinsurers' share		105	114		1,700	12,465	2,200	24,466	364	-	44,717	-	359						86,490
Net	1,231,250	539,262		475,978	345,188	45,095	447,863	113,688	2,127	-923	1,424	91,949						3,292,901
Claims incurred
Gross - Direct Business	1,148,818	394,526		391,934	146,552	18,966	217,799	92,484	875	-294	232	23,975						2,435,866
Gross - Proportional reinsurance accepted																			-
Gross - Non-proportional reinsurance accepted																			-
Reinsurers' share			-13		4,869	4,384	786	2,652	1,435				-492						13,620
Net	1,148,818	394,539		387,065	142,168	18,180	215,147	91,049	875	-294	232	24,467						2,422,246
Changes in other technical provisions
Gross - Direct Business																			-
Gross - Proportional reinsurance accepted																			-
Gross - Non-proportional reinsurance accepted																			-
Reinsurers' share																			-
Net																			-
Expenses incurred	43,593	107,209		158,421	105,912	14,180	176,660	43,664	334	-4,992	387	34,937						680,304
Other expenses
Total expenses																			680,304

ASR Nederland N.V. 2021 Solvency and Financial Condition Report - Disclosure

5

S.05.01.02 -  Premiums, claims and expenses by line of business (continued)

						Line of Business for: life insurance obligations		Life reinsurance obligations
							Annuities stemming from
						Annuities stemming from non-	non-life insurance contracts
				Index-linked		life insurance contracts and	and relating to insurance
			Insurance with	and unit-linked		relating to health insurance	obligations other than health
2021		Health insurance	profit participation	insurance	Other life insurance	obligations	insurance obligations		Health reinsurance	Life reinsurance		Total
Premiums written
Gross		756,057	442,811	605,620	703,886							2,508,375
Reinsurers' share		11,692	162	146	257							12,257
Net	744,365	442,649	605,474	703,629						2,496,118
Premiums earned
Gross		758,502	442,811	605,620	703,886							2,510,820
Reinsurers' share		11,736	162	146	257							12,301
Net	746,766	442,649	605,474	703,629						2,498,518
Claims incurred
Gross		445,679	886,817	1,285,534	810,762							3,428,792
Reinsurers' share		60,766	5,629		5,146							71,541
Net	384,913	881,188	1,285,534	805,616						3,357,251
Changes in other technical provisions
Gross		197,023	-165,822	1,366,566	-135,549							1,262,219
Reinsurers' share		-51,770	-2,277		-1,862							-55,910
Net	248,793	-163,545	1,366,566	-133,686						1,318,129
Expenses incurred		122,928	43,449	74,401	51,622							292,401
Other expenses												1
Total expenses												292,402