News

Achmea completes partial share buyback

Wed, 22 Dec 2021 08:30:00 +0100

Achmea B.V. has completed its recently announced repurchase of ordinary shares for approximately €131 million. After the approval of the shareholders and regulator was obtained, the company bought out two minority shareholders: Fundo de Pensões do Grupo Banco Comercial Português and Stichting Beheer Aandelen Achmea. This transaction simplifies Achmea’s shareholder structure.

At the end of the second quarter of 2021, the solvency ratio of Achmea Group was 211%. The impact of the share buyback is 2 percentage points, leading to a pro forma solvency ratio of 209% for the second quarter of 2021.

After repurchase the holdings of ordinary shares in Achmea are: Vereniging Achmea (66.94%), Rabobank (31.14%), Gothaer Allgemeine Versicherung (0.55%), Gothaer Finanzholding (0.63%) and Schweizerische Mobiliar Holding (0.74%).

Achmea announces partial share buyback

Mon, 22 Nov 2021 17:45:00 +0100

Today, Achmea announces the intention to repurchase and acquire ordinary shares in its share capital for an amount of approximately €131 million. It is the intention of Achmea to buy out minority shareholders Fundo de Pensões de Grupo Banco Comercial Português as well as Stichting Beheer Aandelen Achmea. The proposed share buyback will simplify the shareholders structure.

Achmea Group’s solvency ratio was robust at a level of 211% at the end of the second quarter of 2021. This share buyback will have an impact of 2 percentage points, leading to a pro forma solvency ratio of 209%.

The transaction is subject to a number of conditions including corporate and regulatory approvals. Approval for the transaction by Achmea’s General Meeting is scheduled for mid-December 2021, with an aim for completion by the end of December 2021.

Achmea proposes a capital distribution of €169 million

Fri, 11 Sep 2020 07:30:00 +0200

Achmea B.V. (‘Achmea’) proposes to distribute capital to shareholders following the results of 2019. Achmea had previously followed the call from the Dutch Central Bank and EIOPA (European Insurance and Occupational Pensions Authority) not to pay dividends until there was greater clarity on the impact of Covid-19. At the time, Achmea noted that during the second half of 2020 it would determine whether it could make a distribution on the shares. Achmea has now published its interim results which present a healthy liquidity position and a robust solvency ratio of 204%.

In early July, the Dutch Central Bank decided to resume assessing proposed dividend distributions by insurance companies in the regular way. Following this, and prompted by the interim results, liquidity position and solvency ratio, Achmea now proposes to distribute capital. The Executive Board will recommend that the General Meeting to be held on 29 September 2020 makes:
- a distribution of 5.5%, totalling €19.6 million, on the amount paid-up on preference shares;
- a distribution of €149.7 million on the ordinary shares.

Achmea is the cooperative parent company of, among others, Centraal Beheer, Interpolis en Zilveren Kruis. In accordance with the dividend policy, the above proposal has been calculated on 45% of Achmea’s net profit in 2019 excluding the net results of the Health segment and after deduction of fees on other equity instruments.

The proposed distribution is expected to have a negative impact of 4 percentage points on Achmea’s Group solvency position.