The FINANCIAL -- a.s.r. one of the leading Dutch insurance companies, began trading on June 10 on the Amsterdam market of Euronext after its successful Initial Public Offering (IPO). With a total offering value of approximately € 1.018 billion a.s.r. is the largest IPO on Euronext year to date.
The total market capitalisation of a.s.r. at opening was € 3.068 billion, according to Euronext.
a.s.r. has a strong solvency position, proven cost-reduction capabilities and a solid track record of attractive return on equity and cash generation. Besides insurance products, the a.s.r. product range includes savings and investment products and bank savings products.
Jos Baeten, CEO of a.s.r., said:“Within a.s.r. we have developed a genuine focus on customer needs and their interests. Furthermore, excellence in pricing, underwriting and claims management, strict cost management and a solid financial framework are key aspects of our operations. I’m pleased that with the dedication of all expertise and experience present within a.s.r., we were able to achieve the strong results we have shown. a.s.r. looks forward to the new phase after the privatisation. I would like to thank our customers, our intermediaries, all our employees and our shareholder for their ongoing trust and support. I look forward to continuing to deliver value for all our stakeholders.
Jos Baeten, CEO of a.s.r., celebrated the company’s IPO by sounding the gong in Amsterdam, which denoted the opening of trading of a.s.r. on Euronext.