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).

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.

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.









