News

Achmea increases provision for PZU tax case after Dutch court ruling

Fri, 06 Jul 2018 08:30:00 +0200

Achmea has increased its provision for the fiscal settlement in The Netherlands regarding the compensation received for the divestment of its shareholding in the Polish insurer PZU by 35 million euros to a total of 233 million euros. The increase follows a ruling by the Dutch court Arnhem-Leeuwarden, whereby Achmea’s views have been partially taken into account. On the basis of the ruling, a larger amount of the PZU settlement is subject to Dutch corporate tax than cautiously anticipated in building up the provision in previous years.

Achmea disagrees with the Dutch tax authority on the fiscal treatment in The Netherlands of the compensation received for the divestment of its shareholding in PZU, in the years 2009 en 2010. The agreement with the Polish government at the time resulted in total proceeds for Achmea of 4.2 billion euros. The disagreement with the Dutch tax authority is regarding the tax treatment on the amount received of 1.2 billion euros. Achmea is of the opinion that this amount should be exempted from Dutch corporate tax. The court has ruled that of the amount received of approximately 1.2 billion euros, an amount of 248 million euros is exempted from corporate tax.

Achmea is in the process of analysing the ruling by the Court en will decide at a later moment whether it will file an appeal with the Dutch Supreme Court. The impact of the increase of the provision will be accounted for in the results over the first half of this year.

Achmea hosts Capital Markets Day 2018 in Leiden

Thu, 24 May 2018 07:30:00 +0200

Achmea hosts its annual Capital Markets Day today. Willem van Duin, Chairman of the Executive Board, starts the day with a presentation on the strategy of the group until 2020, called ‘Delivering Together’. Thereafter, a presentation on Customer Engagement and Innovation is given by Robert Otto, member of the Executive Board. In the final presentation of the afternoon, Michel Lamie, Chief Financial Officer, elaborates on the development of the group’s financial results, financial position and capital management.

RECORDINGS OF THE PRESENTATIONS ARE AVAILABLE HERE

The three presentation, will illustrate that Achmea is well on track with the realization of its strategy and financial ambitions until 2020. Central to our strategy are continued investments in the service to customers, innovation and the development of services in addition to our insurance propositions. With our multi-brand-strategy we are active across all distribution channels and we are market leader in the growing channels of bancassurance, direct and online. Our efficient and scalable IT-infrastructure also offers us opportunities for further international growth. With the execution of our strategy we contribute to a healthy, safe and future proof society.

As a cooperative insurer our solid financial position forms the foundation of all our activities. Both our operational result as well as our free capital generation develop positively, also as a result of earlier implemented improvement measures. In the interest of all our stakeholders, we aim to maintain our robust solvency position and expect to realize further growth of our results in all our segments.

The documents of all presentations are available at the column on the right side of this page.

Achmea to repurchase 100 million euros in own shares

Fri, 02 Feb 2018 17:45:00 +0100

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.

Achmea announces cash tender offer

Wed, 28 Jan 2015 10:55:50 +0100

Achmea B.V. has commenced a cash tender offer (the “Offer”) for up to €250,000,000 aggregate principal amount (the “Maximum Tender Amount”) of the outstanding €367,080,000 of the 5.125 per cent Fixed to Floating Rate Perpetual Securities issued by Achmea B.V. (formerly Eureko B.V.) (the “Notes”) at the Purchase Price determined in a Modified Dutch Auction Procedure (as described in the Invitation Memorandum).