Financial information

At year-end 2025, Achmea Reinsurance Company N.V. had a solid capital position under Solvency II, evidenced by a Solvency ratio of 203%. The Solvency II ratio has decreased by 12% points to 203% (31 December 2024: 215%).

The decrease is the result of an increase of the required capital, partly mitigated by 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 2025. Furthermore, the Eligible Own Funds increased due to positive financial market developments, including interest payments. This increase was partly mitigated by a decrease in the Eligible Own funds due to a capital distribution to the holding.

The result before income taxes of Achmea Reinsurance Company N.V. increased to € 110.0 million in 2025 (2024: € 84.2 million). This increase is mainly driven by the absence of large claims and higher investment returns.

The 2025 Non-Life portfolio result is € 78.7 million and has increased by € 18.8 million compared to 2024. The increase in Insurance service result is mainly driven by the lower net cost of claims on the group programme in Non-Life. The increase of the Net financial result from (re)insurance activities is due to positive financial market developments.

The 2025 Life portfolio result amounts to € 5.4 million, reflecting an increase of € 2.6 million compared to 2024. This growth was primarily driven by an improvement in the Insurance service result.

All figures are presented on an IFRS17-basis.