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ASR Nederland
company websiteDividend
Total dividend bookyear 2020: € 0.000*
Interim dividend
- proposed amount
- ?
- announcement date
- Aug 26, 2020
- ex-coupon date
- Aug 31, 2020
- payment date
- Sep 4, 2020
Total dividend bookyear 2019: € 1.900*
Final dividend
- proposed amount
- € 1.200
- announcement date
- May 20, 2020
- ex-coupon date
- May 22, 2020
- payment date
- May 27, 2020
Management proposes to distribute a cash dividend of € 267.4 million for the full year 2019. The proposed annual dividend is in line with the earlier announced dividend policy and based on a pay-out ratio of 45% to 55% of net operating result attributable to shareholders (i.e. net of hybrid costs). The proposed dividend per share increased by 9.2% to € 1.90 (2018: € 1.74). Taking into account an interim dividend of € 0.70 per share that has already been paid, a final dividend of € 1.20 per share remains. The full year dividend is based on a pay-out ratio of 45% is consistent with the ambition to offer shareholders a progressive dividend per share in the long term.
Following the approval of the Annual General Meeting on 20 May 2020, the final dividend will become payable as per 27 May 2020. The a.s.r. stock will trade ex-dividend on 22 May 2020.
Interim dividend
- proposed amount
- € 0.700
- announcement date
- Aug 23, 2019
- ex-coupon date
- Sep 2, 2019
- payment date
- Sep 6, 2019
23 August 2019 half-year figures
2 September Ex-dividend (interim dividend) date
3 September Dividend record date
6 September Payment 2019 interim dividend
Total dividend bookyear 2018: € 1.740*
Interim dividend
- amount
- € 0.650
- announcement date
- Aug 29, 2018
- ex-coupon date
- Sep 3, 2018
- payment date
- Sep 7, 2018
Interim dividend of € 92 million (€ 0.65 per share)
Interim dividend is equal to 40% of the dividend for the whole of 2017
Final dividend
- proposed amount
- € 1.090
- announcement date
- May 22, 2019
- ex-coupon date
- May 24, 2019
- payment date
- May 29, 2019
Management proposes to shareholders a total cash dividend for the full year 2018 of € 245 million, this amounts to € 1.74 per share. This represents a 6.7% increase compared to € 1.63 per share for 2017. Taking into account the paid interim-dividend of € 0.65 per share, the final dividend will amount to € 1.09 per share.
The increase in dividend is supported by a pay-out ratio of 48% of net operating result attributable to shareholders (i.e. net of hybrid costs). The increase in the pay-out ratio from 45% for the prior year reflects management’s confidence in the outlook for 2019. Within the framework of the existing dividend policy, it is management’s intention to offer shareholders a stable to slightly growing dividend.
Following the approval of the Annual General Meeting on 22 May 2019, the final dividend will become payable with effect from 29 May 2019. The a.s.r. stock will trade ex-dividend on 24 May 2019.
Total dividend bookyear 2017: € 1.630
Final dividend
- amount
- € 1.630
- announcement date
- May 31, 2018
- ex-coupon date
- Jun 4, 2018
- payment date
- Jun 7, 2018
Over the financial year 2017, a.s.r. proposes to pay a dividend of € 229.7 million, which represents € 1.63 per share in cash. The proposed dividend per share is based on 141 million shares and takes into account the shares acquired by a.s.r. on 13 June 2017 and 14 September 2017, 6 million shares in total.
Total dividend bookyear 2016: € 1.270
Final dividend
- amount
- € 1.270
- announcement date
- ex-coupon date
- payment date
Dividend history
financial events
Company information
Source: company website, April 2018
a.s.r. is the Dutch insurance company for all types of insurance. With 3365 employees and a revenue of more than € 4 billion in 2016, a.s.r. is one of the largest insurers in the Netherlands.
Dividend policy
Source: company website, April 2018
a.s.r. strives to annually pay an interim and final dividend that creates sustainable long-term value for its shareholders. a.s.r. has a dividend policy with a pay-out ratio of the total dividend for any year of 45% to 55% of the net operating result attributable to shareholders (i.e. net of hybrid costs). a.s.r. intends to pay out an interim dividend that is set at 40% of the dividend for the previous year.
To support its ability to pay out the proposed dividend, a.s.r. seeks to maintain a liquidity buffer at the holding company (as at year-end) that is at least equal to or in excess of the dividends paid out in the previous year (representative for one year's dividend) plus the holding costs and interest payments for the one-year period that have not yet been allocated. In addition, a.s.r. aims to ensure that the liquidity buffer during the year is sufficient to cover holding costs and interest payments for at least one year. However, a.s.r. seeks to hold as much capital and liquidity as possible at the level of the regulated legal entities.
a.s.r. aims to operate at a Solvency II ratio above a management threshold level. This management threshold level is currently defined at 160% (standard formula) of the SCR. If and when a.s.r. operates above 160% for a prolonged period and a.s.r. cannot invest this capital in value-creating opportunities, a.s.r. may return capital to shareholders. If a.s.r. elects to return capital, it intends to do so in the form that is most efficient for shareholders at that specific point in time, such as additional dividends or share buy-backs.
When proposing a dividend, a.s.r. will take into account, among other things, its capital position, leverage and liquidity position, regulatory requirements and strategic considerations as well as the expected developments thereof. There is no requirement or assurance that a.s.r. will declare and pay any dividends. In general, a.s.r. would not expect to distribute dividend if the Group level Solvency II ratio falls below 140%.