Financial information

The 2021 result of Achmea Reinsurance Company N.V. is € 19.9 million positive and has increased compared to 2020 (€ 1.3 million). The result before taxes of our Non-Life business decreased primarily because of the development of claims of past underwriting years and the adjustment of the IBN(E)R provision for the potential impact on the portfolio of the Covid-19 pandemic. 
The result of the Life business increased in 2021, with a negative result before taxes of € 3.4 million in 2020 to a € 1.2 million positive result in 2021. The increase was mainly due to the adjustment of provisions for the potential impact on the portfolio of the Covid-19 pandemic.

At a glance: 

• Gross written premium of € 312.7 million
• Total equity of € 313.2 million 
• Net result of € 19.9 million
• Financial position continues to be strong with a Solvency II ratio of 176% 
  
  

Solvency ratio

Compared to year-end 2020 the Eligible Own Funds increased with € 25.9 million to € 314.8 million (year-end 2020: € 288.8 million). The increase is mainly the outcome of positive financial market developments and changes within the reinsurance and investment portfolio.

The Solvency Capital Requirement increased by an amount on € 23.4 million to € 179.0 million (year-end 2020: € 155.6 million). This increase is mainly caused by:

• Market risk increased € 10.5 million
• Counterparty Default Risk increased € 1.0 million
• Life & Health Underwriting Risk increased € 4.7 million
• Non-Life Underwriting Risk increased € 30.5 million
• Loss Absorbing Capacity Expected Profits and Deferred Taxes decreased € 12.0 million

Solvency Ratio

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