Achmea to repurchase 100 million euros in own shares
The Extraordinary General Meeting of Shareholders of Achmea has today approved the proposal of the Executive Board of Achmea to repurchase ordinary shares for an amount of 100 million euros.
The recently announced agreement on the sale of Friends First Life Assurance Company results in an improvement of the group’s solvency and liquidity position, part of which Achmea will use for the benefit of its shareholders.
The buyback of the shares is expected to be finalized by the end of March.
Established in 1811, today Achmea is the largest insurance group in the Netherlands. In its home market, Achmea is market leader in non-life and health insurance. Gross written premiums for the group totalled approximately 20 billion euros over 2016, while the group’s solvency ratio remained strong at 185% at the end of June 2017. The group also offers income protection insurance, life insurance, pensions services and mortgages. Asset manager Achmea Investment Management, oversees over 117 billion euros in assets under management. Internationally, Achmea is active in Turkey, Greece, Ireland, Australia, Slovakia and Canada. Each insurer has deep understanding of its local market and customers. More information on Achmea can be found at: www.achmea.com