Utrecht,
02
April
2009
|
00:00
Europe/Amsterdam

Lessons from past and 2008 loss prompt revised strategy

Summary

Today ASR Nederland presents its annual results for 2008. Customer confidence and cost reduction are at the heart of the new strategy of ASR Nederland.

‚Äč2008

• Negative impact of financial market developments and creation of provision for  
  compensation of investment insurances main causes of net loss of EUR 640 million
• Buffer capital at year-end 2008 stood at 233% (EUR 3,5 billion)
• Gross premium income up by 10% to EUR 5,8 billion

2009
• 'Lessons from the past' starting point for revision of strategy
• Start of cost reduction programme of EUR 100 million
• Completion of disentanglement of ASR Nederland from Fortis
• New remuneration policy for board and senior management