Achmea Reinsurance

We are the competence centre in the field of reinsurance within the Achmea Group. Many of our staff members have more than 15 years of experience in reinsurance. It is our ambition to be the group reinsurer that creates long term financial value for Achmea and contributes to the growth ambitions of Achmea by means of third party Life reinsurance.

As reinsurance competence centre for the Achmea Group, we have three roles: advisor, risk carrier and reinsurance buyer. We primarily serve Achmea group companies. These are the legal entities Achmea Schadeverzekeringen N.V., Achmea Pensioen- en Levensverzekeringen N.V., N.V. Hagelunie and the non-Dutch operating companies.

As risk carrier we also offer Life reinsurance to a selected number of third parties to further diversify our book of business and enhance the profitability of Achmea. We are located in Tilburg, the Netherlands.As risk carrier we also offer reinsurance to a selected number of third parties to further diversify our book of business and enhance the profitability of Achmea. We are located in Tilburg, the Netherlands.

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News & media

2023 Interim results Achmea Group

As for the 2023 interim results the results over the first half of 2023 show strong growth in both premium income and result. Financial markets were less volatile than in 2022, which led to an improvement in the return on our investments.
The social and economic context in which we operate nevertheless remains dynamic and uncertain. The operational results of Achmea Group has increased to € 405 million. At a glance:

Operational result increased by € 165 million due to higher insurance service result at Non- Life, improved investment results and growth in interest margin at Retirement Services
Premium growth in all segments; increase of € 1.5 billion (8%) to € 19.9 billion. Assets under Management increased with 6% to € 206 billion
Solvency robust at 195%; decrease due to higher healthcare costs and impact of reinsurance programme renewal
Customer satisfaction remains high. Excellent NPS scores for our brands supported by investments in customer service and digitisation
Expenses increased (+11%) due to inflation, business growth, strategic investments, legislation and higher personnel costs
Financial reporting for the first time in accordance with new accounting standards (IFRS 9/17) impacts presentation of results; no change to underlying earning capacity and financial ambitions
The result of Achmea Reinsurance Company N.V. had increased with € 37 million to € 10 million because of the absence of catastrophes.

Annual Report 2022 Achmea Reinsurance Company N.V

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2022 Annual results Achmea Group

The Achmea Group presented its 2022 annual results. The operational result is € 174 million, a solid performance in exceptional circumstances.

At a glance:

Gross premium volume increased by 5.3% to € 21 billion; growth in Health, Non-Life and International segments.
In line with development financial markets the investment income decreased by € 453 million resulting in a lower operational result; Underlying result develops well.
Combined Ratio for Non-Life improved to 93.0% (2021: 93.9%) despite the claims from February’s storm of € 100 million after reinsurance.
Small loss on basic health insurance; operational result Health € 121 million.
Solvency position robust at 209%.
Acquisition ABN AMRO PPI strengthens position in the pension market.
Achmea Investment Management world number 1 in sustainable voting activity at shareholder meetings.

Achmea 2022 Interim results

Operational result €115 million on track to achieve our strategic ambitions

Lower result in first half of 2022 due to:
- Lower investment income due to development of financial markets
- Lower result on Health activities due to increased healthcare costs
Good result Non-Life despite high claims due to February storms; combined ratio further improved to 92.0%
Strong growth in premium income of 6% (€1 billion) to €18.5 billion
Concrete steps taken to achieve climate-neutral operations by 2030, climate-neutral investments by 2040 and climate-neutral products and services by 2050
Intended acquisition of ABN AMRO PPI strengthens Centraal Beheer's position in the employer market for Retirement Services
Solvency robust at 200%

Corporate Governance

On 15 December 2010, the Dutch Association of Insurers (in Dutch: Verbond van Verzekeraars) published its governance principles, also known as the Insurers Code of Conduct.
The Insurers Code of Conduct sets out principles on corporate governance, risk management, audit and remuneration policy for application by Dutch insurers.

Achmea has chosen to report on the application of the Code of Conduct at Group level because of the structure of its organisation and the Group’s governance. Achmea is aware of the social aspects of its business and the role an insurer plays in society.

Therefore, Achmea fully endorses the Code of Conduct and sees it as an important step in restoring trust in the insurance sector, safeguarding stability and protecting the interests of all parties involved. More details on our compliance with the Code of Conduct are available in the relevant paragraphs in the Insurers Code of Conduct 2014 and in the chapter Governance in Achmea’s annual report.