Achmea publishes its 2023 annual report
General Meeting approves dividend proposal and reappointments
Achmea’s General Meeting today adopted the 2023 financial statements and approved the proposal for a dividend payment of €267 million on ordinary shares. The agenda also included reappointments to the Executive Board and the Supervisory Board.
Annual Report and SFCR
Today we present our 2023 annual report. This annual report provides insight into our company’s vision, strategy and objectives, and highlights the way we create value for our stakeholders, and the trends and challenges involved in this. The report also covers our financial, social and sustainability performance.
Bianca Tetteroo, Chair of Achmea’s Executive Board: ‘We are pleased with the results we achieved in 2023. All segments experienced significant growth, we made good progress on our strategy, and strengthened our market leadership in Non-Life and Health. We managed to accomplish all of this despite the challenges of geopolitical tensions, inflation, a global increase in weather-related catastrophes, and higher reinsurance premiums. These factors influenced both the markets in which we operate and our customers, partners and employees.
Last year, we realised a significant increase in result and revenues, and achieved high customer satisfaction scores. Achmea’s partnership with Rabobank was strengthened in various areas. We are well on track to accomplish our social, operational and financial goals for 2025.
Last year, we successfully fulfilled our social role in line with our ‘Sustainable Living. Together’ vision, and were able to do so thanks to our customers, partners, shareholders and employees. This lays a solid foundation for us to be able to continue to be of sustainable significance for all our stakeholders in 2024.’
Achmea is also publishing its 2023 Solvency and Financial Condition Report (SFCR) today. This report explains our financial position based on the Solvency II guidelines. Along with the Annual Report, this document is available for download from Achmea - Investors - Publications | Achmea
Dividend payment
The General Meeting approved the proposed dividend payment of €267 million on ordinary shares. This amount is based on a market-based annual dividend yield of 7% of Achmea’s calculated value. This year, the dividend will be offered for the first time in the form of an optional dividend. This means that shareholders could choose between a (partial or full) dividend in cash, or in the form of Achmea ordinary shares.
Of the total amount of € 267 million for 2023, € 203 million will be paid out as a stock dividend and € 64 million in cash. Vereniging Achmea has chosen to receive the dividend in full in the form of shares, which is in line with the statutory objective of this major shareholder (66,94%). This involves an amount of almost € 179 million. Bianca Tetteroo is pleased with this decision: "Vereniging Achmea’s choice for stock dividend enables our company to invest even more in customer service and innovation.”
Reappointments
The Supervisory Board reappointed Mr Michel Lamie, Deputy Chair of the Executive Board and Chief Financial Officer, for a four-year term. The reappointment is subject to regulatory approval and will take effect on 1 January 2025.
The General Meeting reappointed Wim de Weijer (Deputy Chair), Miriam van Dongen and Lex Kloosterman as members of the Supervisory Board. Wim de Weijer has been reappointed for a term of two years, after two terms of four years. The reappointments of Miriam van Dongen and Lex Kloosterman are for a term of four years, ending on the date of the General Meeting in 2028.