Achmea's Rating - S&P rating
- Achmea Reinsurance A- with a stable outlook
- Insurance: A with a stable outlook
- Holding: BBB+ with a stable outlook
The result before taxes was €1.8 million positive in 2020 (2019: positive €32.7 million). Compared to 2019, this result was negatively affected by a higher cost of claims from three major corporate fire claims in the Achmea portfolio, a higher cost of claims on incoming Life and Non-Life insurance policies arising from Covid-19 and a lower investment income due to the turmoil on the financial markets.
Compared to year-end 2019 the Eligible Own Funds increased with €4.7 million to €288.8 million (year-end 2019: €284.2 million). The increase is the outcome of positive development throughout the year, both on the insurance and financial portfolio partly reduced by developments due to the virus outbreak and losses in the Non-Life portfolio.
The Solvency Capital Requirement increased by an amount of €23 million to €155.6 million (year-end 2019: €132.6 million). This increase is caused by:
|2020||2019||▲2020 – 2019
|Eligble Own Funds||288,818||284,151||4,667|