ASR 2025 SFCR: rising steady

ASR, the Dutch insurance group, once again published its 2025 SFCR ahead of the official publication date in May.

The group solvency ratio rose to 218% (198% in 2024), coming close to the peak ratio in 2022 (see chart).

ASR drivers of SCR ratio 2016 2025
SOURCE: Solvency II Wire Data

The proportion of change in the EOF and SCR are similar to last year, driving the ratio up.

Return of Tier 3 capital

The overall eligible own funds to meet the group SCR rose from EUR 12.3 billion to 13 billion, doubling since the first figures reported in the 2016 SFCR.

ASR EOF 2025
Solvency II Wire Data

Tier capital distribution remains similar to last year (see chart below) with tier 3 capital of EUR 69 million, which consists of deferred tax assets.

ASR eligible own funds 2016 2025
SOURCE: Solvency II Wire Data

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