2022 Annual results Achmea Reinsurance Company N.V.

We look back on a very dynamic and volatile year. While the world was getting back to normal, after more than two years of restrictions aimed at curtailing the spread of Covid-19, a war has raged in the Ukraine.

2022 Was also a year where catastrophes (such as the February storm and hurricane Ian) have impacted the results throughout the industry. Furthermore, the world was confronted with rising inflation rates. These developments have impacted the reinsurance markets, resulting in a further hardening. The impact of the hardening market was clearly noticed during the July renewal, higher premiums and tighter conditions.

Despite the market circumstances, Achmea Reinsurance Company N.V. has been able to sustain a solid capital position, under Solvency II, evidenced by a Solvency II ratio of 150% and to grow its Life business.  

A summary of other metrics: 

  • Gross written premium of € 376,8 million
  • Total equity of € 271,6 million
  • Net result of € -9,73 million after corporate taxes

The 2022 Non-Life portfolio result before taxes was € 25.6 million negative (2021: € 0.8 million). The result before taxes of Achmea Reinsurance Company N.V. Non-Life business decreased mainly due to € 20.0 million in claims from the February storm and a higher number of claims from treaties covering Achmea Group Companies in 2022. In addition, claims in our external reinsurance programme were higher than in 2021.
The Life business produced a result before taxes of € 3.1 million in 2022 (2021: € 1.2 million). 

Results (EUR Million)

  2022 2021 ▲2022 – 2021
Total gross income 421 381 10%
Operational expenses 151 157 -4%
Interest and similar expenses 64 58 10%
Operational result -184  -146 n.m.*

n.m.: not meaningful

Achmea Reinsurance

2022 2021 ▲2022 – 2021
Gross written premiums 376 312 21%
Operational result -13 27 n.m.*

n.m.: not meaningful


Solvency Ratio

Read more on Achmea.com Investors >