# ASR NEDERLAND NV

Summary updated: 2026-03-20T04:04:50.004406Z
Canonical: https://finbar.com/research/companies/asr-nederland-nv

## Overview

ASR Nederland N.V. (a.s.r.) is a Dutch insurance and financial services group and a leading insurer in the Netherlands by market share. The company provides insurance, pensions and mortgage products to consumers, entrepreneurs and employers, and it also operates an asset management business for third parties. Its business portfolio is organized around Non-life, Life, Asset Management, Distribution and Services, and Holding and Other activities. [1](https://app.finbar.com/go?id=P-bd6b9e3e041040d7a460a584d9d92bb8)[2](https://app.finbar.com/go?id=P-48bb9e27c59649028a16332db44e76d6)

The company’s insurance operations are concentrated entirely in the Dutch market, making the Netherlands its defining geography. a.s.r. states that its mission is to help customers insure risks they do not want or cannot bear themselves, while also supporting people who want to accumulate wealth for later life or retirement through products such as mortgages and asset management services. a.s.r. is listed on Euronext Amsterdam and included in the AEX, had 7,373 employees, and reported €9.6 billion of insurance contract revenue in 2024. [3](https://app.finbar.com/go?id=P-00630253fe7c4deea935ad3c48bb1b91)[4](https://app.finbar.com/go?id=P-810561cee6ca4d81a1601114b7db0145)[1](https://app.finbar.com/go?id=P-bd6b9e3e041040d7a460a584d9d92bb8)[5](https://app.finbar.com/go?id=P-538190bf8dce4732bd0fcedc999a838a)[6](https://app.finbar.com/go?id=P-daaab21481b74a6ba86b2bbe55272d6c)
[1](https://app.finbar.com/go?id=P-bd6b9e3e041040d7a460a584d9d92bb8)[2](https://app.finbar.com/go?id=P-48bb9e27c59649028a16332db44e76d6)[3](https://app.finbar.com/go?id=P-00630253fe7c4deea935ad3c48bb1b91)[4](https://app.finbar.com/go?id=P-810561cee6ca4d81a1601114b7db0145)[5](https://app.finbar.com/go?id=P-538190bf8dce4732bd0fcedc999a838a)[6](https://app.finbar.com/go?id=P-daaab21481b74a6ba86b2bbe55272d6c)

## Products & services

ASR Nederland’s product set is centered on insurance, pensions, mortgages and related financial services. In non-life insurance, its disability offering includes individual disability, sickness-leave and group-disability policies, supported by prevention and reintegration services for absenteeism and employability management. Its property-and-casualty range includes motor and fire insurance plus liability, legal-aid, travel and recreation, pet and transport insurance, while its health products comprise Dutch basic health insurance and supplementary health cover, including policies sold under the “Ik kies zelf van a.s.r.” label.[5](https://app.finbar.com/go?id=P-538190bf8dce4732bd0fcedc999a838a)[7](https://app.finbar.com/go?id=P-58d3431c130e4e6a8122c6cae7b5cb4b)[8](https://app.finbar.com/go?id=P-7f3007ac718244558dc5ff42fc076206)[9](https://app.finbar.com/go?id=P-b2abcb609d514da793698c4faf6f4cdc)[10](https://app.finbar.com/go?id=P-f761418fd8ab4fb78f54324d1a98aa91)[11](https://app.finbar.com/go?id=P-6d3db8c6dda24866adf1507b69466ebb)[12](https://app.finbar.com/go?id=P-9fc300466f27408ba873631a2ccfa13b)

In life and retirement products, ASR Nederland offers pensions, individual life and funeral products. Its pension propositions include Werknemerspensioen, Doenpensioen van a.s.r. and Aegon Cappital, alongside a broader range of defined-contribution options, fixed and variable pension products, indexation purchases for defined-benefit schemes and pension buy-out solutions. The main actively sold individual life product is term life insurance, and its funeral line includes funeral capital insurance policies.[13](https://app.finbar.com/go?id=P-d35e53dd31b6427485064398e573f54f)[14](https://app.finbar.com/go?id=P-f77a7d9df3e74b72a7dee75cefb9c127)[15](https://app.finbar.com/go?id=P-8b368ad55a4f464290ca7a14d3e26dcb)[16](https://app.finbar.com/go?id=P-991d6bd62ffc4463b4c25e82fed5713d)[17](https://app.finbar.com/go?id=P-605fc736b6114e9da7bdf4009c7336d5)[18](https://app.finbar.com/go?id=P-76fdac8a171f458189df14d1c2a98563)[19](https://app.finbar.com/go?id=P-0a9e2710bdcf46639419071fe93c7176)

Its mortgage products include standard annuity, linear and interest-only residential mortgages as well as more specialized offers such as a sustainability mortgage and a first-time buyer mortgage. The sustainability proposition can be combined with an Energy Saving Budget or Energy Savings Facilities to fund measures such as insulation, solar panels and heat pumps. Beyond underwriting, ASR Nederland also offers fee-based services: asset-management products cover corporate and government bonds, equities, mortgages, balanced mandates and sector-focused real-asset funds, while service platforms such as Poliservice, Robidus and TKP provide insurance and mortgage intermediation, income-insurance brokerage and absence-management services, and pension administration.[20](https://app.finbar.com/go?id=P-0461b4754d824055bac87b4b15d6c0e6)[21](https://app.finbar.com/go?id=P-97e20e47b49e4abb86014af12f653df6)[22](https://app.finbar.com/go?id=P-37e81b7ed93b4275aa4fea7b45cf473a)[23](https://app.finbar.com/go?id=P-a66703d6afe243bb81ec971e6c4d719f)[24](https://app.finbar.com/go?id=P-6dc5fa874ef4492099682c784992fb64)[25](https://app.finbar.com/go?id=P-83cd8f656f0c400fb0e235082522fc31)[26](https://app.finbar.com/go?id=P-2cc0cf411fd34ff0b4c4afeeae04b856)[27](https://app.finbar.com/go?id=P-e2f15a264df24035b836bb3fb3a74788)[28](https://app.finbar.com/go?id=P-6b28508ca35b4284900d38c37e6554ef)[29](https://app.finbar.com/go?id=P-17178f72c5ca4d6aa8c5f1185c336004)

Where the company discloses product mix, fire insurance represented 49% of P&C gross written premiums in 2024, motor 19% and other P&C lines 31%; within disability, individual disability represented 1% of the mix, sickness leave 20%, group disability 40% and other 40%. On a segment basis, non-life accounted for about 52.6% of group premium/DC inflow and life for about 47.2% in 2024.[30](https://app.finbar.com/go?id=P-8ae39d5bf43340eb84b0906085774c73)[31](https://app.finbar.com/go?id=P-d5859b437c4647efa2252c118c3e0f86)[32](https://app.finbar.com/go?id=P-090210df42d3460d86266b7f4157b5a6)[33](https://app.finbar.com/go?id=P-1d35b92cbc7148cca8394c3fef7254c2)[34](https://app.finbar.com/go?id=P-119a3e401ed54cf19712d9f2334f8380)
[5](https://app.finbar.com/go?id=P-538190bf8dce4732bd0fcedc999a838a)[7](https://app.finbar.com/go?id=P-58d3431c130e4e6a8122c6cae7b5cb4b)[8](https://app.finbar.com/go?id=P-7f3007ac718244558dc5ff42fc076206)[9](https://app.finbar.com/go?id=P-b2abcb609d514da793698c4faf6f4cdc)[10](https://app.finbar.com/go?id=P-f761418fd8ab4fb78f54324d1a98aa91)[11](https://app.finbar.com/go?id=P-6d3db8c6dda24866adf1507b69466ebb)[12](https://app.finbar.com/go?id=P-9fc300466f27408ba873631a2ccfa13b)[13](https://app.finbar.com/go?id=P-d35e53dd31b6427485064398e573f54f)[14](https://app.finbar.com/go?id=P-f77a7d9df3e74b72a7dee75cefb9c127)[15](https://app.finbar.com/go?id=P-8b368ad55a4f464290ca7a14d3e26dcb)[16](https://app.finbar.com/go?id=P-991d6bd62ffc4463b4c25e82fed5713d)[17](https://app.finbar.com/go?id=P-605fc736b6114e9da7bdf4009c7336d5)[18](https://app.finbar.com/go?id=P-76fdac8a171f458189df14d1c2a98563)[19](https://app.finbar.com/go?id=P-0a9e2710bdcf46639419071fe93c7176)[20](https://app.finbar.com/go?id=P-0461b4754d824055bac87b4b15d6c0e6)[21](https://app.finbar.com/go?id=P-97e20e47b49e4abb86014af12f653df6)[22](https://app.finbar.com/go?id=P-37e81b7ed93b4275aa4fea7b45cf473a)[23](https://app.finbar.com/go?id=P-a66703d6afe243bb81ec971e6c4d719f)[24](https://app.finbar.com/go?id=P-6dc5fa874ef4492099682c784992fb64)[25](https://app.finbar.com/go?id=P-83cd8f656f0c400fb0e235082522fc31)[26](https://app.finbar.com/go?id=P-2cc0cf411fd34ff0b4c4afeeae04b856)[27](https://app.finbar.com/go?id=P-e2f15a264df24035b836bb3fb3a74788)[28](https://app.finbar.com/go?id=P-6b28508ca35b4284900d38c37e6554ef)[29](https://app.finbar.com/go?id=P-17178f72c5ca4d6aa8c5f1185c336004)[30](https://app.finbar.com/go?id=P-8ae39d5bf43340eb84b0906085774c73)[31](https://app.finbar.com/go?id=P-d5859b437c4647efa2252c118c3e0f86)[32](https://app.finbar.com/go?id=P-090210df42d3460d86266b7f4157b5a6)[33](https://app.finbar.com/go?id=P-1d35b92cbc7148cca8394c3fef7254c2)[34](https://app.finbar.com/go?id=P-119a3e401ed54cf19712d9f2334f8380)

## Geographic presence

ASR Nederland’s operations are overwhelmingly concentrated in the Netherlands. The company states that its result is almost entirely earned and taxable in the Netherlands, and that for its non-life business there is no material exposure outside the Netherlands. [35](https://app.finbar.com/go?id=P-65bf017f2dfe47f496fd086c7e24617f)[36](https://app.finbar.com/go?id=P-34a4e142ce8442b7ae10ebd1d742e7a0)

Its registered office is in Utrecht, the Netherlands, at Archimedeslaan 10. The annual report also identifies locations in Groningen, Leeuwarden, Utrecht, Enschede and Heerlen, and lists additional sites in Amsterdam (Corins), Velserbroek (D&S Holding) and Zaandam (Robidus). In addition, a.s.r. says its intermediaries and mandated agents are spread throughout the country, indicating a nationwide distribution presence within the Netherlands. [37](https://app.finbar.com/go?id=P-1a5fb93eec214cf28c73f87acda39747)[38](https://app.finbar.com/go?id=P-3d3e2f0a362c4f4d9b09e5c487f24122)[39](https://app.finbar.com/go?id=P-b1942ea6f1094827803eede2c70a33a2)
[35](https://app.finbar.com/go?id=P-65bf017f2dfe47f496fd086c7e24617f)[36](https://app.finbar.com/go?id=P-34a4e142ce8442b7ae10ebd1d742e7a0)[37](https://app.finbar.com/go?id=P-1a5fb93eec214cf28c73f87acda39747)[38](https://app.finbar.com/go?id=P-3d3e2f0a362c4f4d9b09e5c487f24122)[39](https://app.finbar.com/go?id=P-b1942ea6f1094827803eede2c70a33a2)

## Business segments

ASR reports five operating segments in 2024: Non-life, Life, Asset Management, Distribution and Services, and Holding and Other; in 2023 it reported six, with Banking as an additional segment.[40](https://app.finbar.com/go?id=P-f3f9a453ff8346beb5ba13f4f6a86faa)[41](https://app.finbar.com/go?id=P-5cbc5c64fe9e4c6c9257fc76c52fc5b3) Non-life covers property and casualty, disability and health insurance, while Life comprises Pensions, Individual life and Funeral.[42](https://app.finbar.com/go?id=P-ecd6581053d148b984a07443ece12830)[43](https://app.finbar.com/go?id=P-f8509b3389954689be57fc9b88b80251) Asset Management includes the group’s asset-management activities and investment property management; Distribution and Services houses the distribution and service entities; and Holding and Other contains holding and group activities, real estate development, vitality/preventive services and smaller participations.[44](https://app.finbar.com/go?id=P-c11a33e888974d8a8148b0a008775d97)[45](https://app.finbar.com/go?id=P-fc35cbf81ce841e7b6e254a838eb89eb)[46](https://app.finbar.com/go?id=P-bd10b86a5e484be0870de93e822797c0)

Using reported operating result as the common basis, 2024 was dominated by Life (€1,076m, about 75% of total operating result) and Non-life (€469m, about 33%), with smaller contributions from Asset Management (€100m, about 7%) and Distribution and Services (€50m, about 4%), while Holding and Other was negative (€-283m, about -20%).[47](https://app.finbar.com/go?id=T-7fdec0c23a2c4019b5c8623ef403abfb) In 2023, Banking was still a reported segment; Knab was described as an online bank offering payment, savings and basic investment products, and it contributed €139m, or roughly 12% of 2023 operating result, before ASR agreed its sale in February 2024 and completed it in November 2024.[48](https://app.finbar.com/go?id=P-08a88c9a8dc64a168b0ea1bbac5986b5)[49](https://app.finbar.com/go?id=T-b3e94be13717455b9a3b6aee18de4b6f)[50](https://app.finbar.com/go?id=P-e28c38f5c0b74fa3900fdc8d6e0f638b)
[40](https://app.finbar.com/go?id=P-f3f9a453ff8346beb5ba13f4f6a86faa)[41](https://app.finbar.com/go?id=P-5cbc5c64fe9e4c6c9257fc76c52fc5b3)[42](https://app.finbar.com/go?id=P-ecd6581053d148b984a07443ece12830)[43](https://app.finbar.com/go?id=P-f8509b3389954689be57fc9b88b80251)[44](https://app.finbar.com/go?id=P-c11a33e888974d8a8148b0a008775d97)[45](https://app.finbar.com/go?id=P-fc35cbf81ce841e7b6e254a838eb89eb)[46](https://app.finbar.com/go?id=P-bd10b86a5e484be0870de93e822797c0)[47](https://app.finbar.com/go?id=T-7fdec0c23a2c4019b5c8623ef403abfb)[48](https://app.finbar.com/go?id=P-08a88c9a8dc64a168b0ea1bbac5986b5)[49](https://app.finbar.com/go?id=T-b3e94be13717455b9a3b6aee18de4b6f)[50](https://app.finbar.com/go?id=P-e28c38f5c0b74fa3900fdc8d6e0f638b)

## Company history

ASR Nederland traces its origins to 1720, when N.V. Maatschappij van Assurantie, Discontering en Beleening der Stad Rotterdam anno 1720 was founded; on 21 June 1720 it became the first listed insurance company in the Netherlands. The modern group says it took its present form in 2000 through Fortis’s acquisition of ASR Verzekeringsgroep. In October 2005, the legacy brands AMEV, Stad Rotterdam and Woudsend Verzekeringen were replaced by Fortis ASR, and the insurance group was renamed Fortis Verzekeringen Nederland. [51](https://app.finbar.com/go?id=P-62f6136972284b5c8f46217adde76791)

After the collapse of Fortis in 2008, the company was nationalized, and in March 2009 the name ASR Nederland was introduced. The Dutch State later privatized the business through an IPO on Euronext Amsterdam on 10 June 2016, and NLFI sold its final 20.5% stake on 14 September 2017, returning ASR fully to the private market. A later milestone came on 4 July 2023, when ASR completed its business combination with Aegon Nederland and began integrating the two businesses. [51](https://app.finbar.com/go?id=P-62f6136972284b5c8f46217adde76791)[52](https://www.asrnl.com/investor-relations/shareholders/ipo)[53](https://app.finbar.com/go?id=P-265b388fc56f4941977b2a4da0e4bb8e)
[51](https://app.finbar.com/go?id=P-62f6136972284b5c8f46217adde76791)[53](https://app.finbar.com/go?id=P-265b388fc56f4941977b2a4da0e4bb8e)[52](https://www.asrnl.com/investor-relations/shareholders/ipo)

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43. [ASR NEDERLAND NV — Full financial report (2024 Y), p21](https://app.finbar.com/go?id=P-f8509b3389954689be57fc9b88b80251)
44. [ASR NEDERLAND NV — Full financial report (2024 Y), p21](https://app.finbar.com/go?id=P-c11a33e888974d8a8148b0a008775d97)
45. [ASR NEDERLAND NV — Full financial report (2024 Y), p22](https://app.finbar.com/go?id=P-fc35cbf81ce841e7b6e254a838eb89eb)
46. [ASR NEDERLAND NV — Full financial report (2024 Y), p97](https://app.finbar.com/go?id=P-bd10b86a5e484be0870de93e822797c0)
47. [ASR NEDERLAND NV — Full financial report (2024 Y), p296](https://app.finbar.com/go?id=T-7fdec0c23a2c4019b5c8623ef403abfb)
48. [ASR NEDERLAND NV — Full financial report (2023 Y), p19](https://app.finbar.com/go?id=P-08a88c9a8dc64a168b0ea1bbac5986b5)
49. [ASR NEDERLAND NV — Full financial report (2023 Y), p217](https://app.finbar.com/go?id=T-b3e94be13717455b9a3b6aee18de4b6f)
50. [ASR NEDERLAND NV — Full financial report (2024 Y), p301](https://app.finbar.com/go?id=P-e28c38f5c0b74fa3900fdc8d6e0f638b)
51. [ASR NEDERLAND NV — Full financial report (2016 Y), p8](https://app.finbar.com/go?id=P-62f6136972284b5c8f46217adde76791)
52. [www.asrnl.com](https://www.asrnl.com/investor-relations/shareholders/ipo)
53. [ASR NEDERLAND NV — Full financial report (2023 Y), p7](https://app.finbar.com/go?id=P-265b388fc56f4941977b2a4da0e4bb8e)

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