Financial information

At year-end 2024, Achmea Reinsurance Company N.V. had a solid capital position under Solvency II, evidenced by a Solvency ratio of 215%. The Solvency II ratio has increased by 31% points to 215% (31 December 2023: 184%).

The improved capital position is the result of an increase of the Eligible Own Funds. The increase of the Eligible Own Funds is mainly due to day-to-day business since no major events occurred in the portfolio of Achmea Reinsurance Company N.V. during 2024. Furthermore, the Eligible Own Funds increased due to positive financial market developments

The result before income taxes of Achmea Reinsurance Company N.V. increased to € 84.2 million in 2024 (2023: € 23.9 million). This increase is mainly driven by the absence of large catastrophe events and higher investment returns.

The 2024 Non-Life portfolio result is € 59.9 million and has increased by € 53.1 million compared to 2023. This increase is mainly due to a better Insurance service result of € 46.8 million, a higher Net financial result from (re)insurance activities of € 5.6 million and a positive effect in Other expenses of € 0.7 million.

The 2024 Life portfolio result amounts to € 2.9 million, reflecting an increase of € 0.4 million compared to 2023. This growth was primarily driven by an improvement in the net financial result from (re)insurance activities, supported by positive developments in the financial markets.

All figures are presented on an IFRS17-basis.