ASR Nederland N.V.: Business Overview, Financials & Competitive Analysis
ASR Nederland N.V. scores 7/10 on the AskCyborg Cyborg Score (Strong). Established Dutch insurer with strong capital generation, attractive dividend yield, and growth from digital transformation and strategic acquisitions, trading at reasonable multiples. ASR demonstrates solid financial fundamentals with €16.36B in revenue (TTM), stable dividend policy with 5.2% yield, and attractive valuation metrics (P/E 13.4). The company shows disciplined capital.
What is ASR Nederland N.V.'s industry? ASR Nederland N.V. (asrnl.com) operates in Insurance—Diversified. AskCyborg classifies ASR Nederland N.V. under Insurance—Diversified in its company registry.
ASR Nederland is a major Dutch insurance company providing insurance, pensions, and mortgage products and services for consumers, entrepreneurs, and employers in the Netherlands. The company generates 70% of revenue f...
Cyborg Score thesis
Established Dutch insurer with strong capital generation, attractive dividend yield, and growth from digital transformation and...
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Get Current Report FreeASR Nederland N.V. Overview
Pro stress-test →ASR Nederland is a major Dutch insurance company providing insurance, pensions, and mortgage products and services for consumers, entrepreneurs, and employers in the Netherlands. The company generates 70% of revenue from insurance, 20% from asset management, and 10% from banking services, with 85% of revenue from the Netherlands, 10% Belgium, and 5% Germany.
Strategic Profile
Pro stress-test →ASR pursues a strategy focused on diversification and digitalization, planning to expand its product range through targeted acquisitions and partnerships to tap into new markets and increase market share. The company has raised its operating capital generation (OCC) target to €1.35 billion in 2026, reflecting strong fundamental businesses and opportunities in the pension market.
Competitive Landscape
Pro stress-test →ASR competes in the diversified insurance market alongside NN Group N.V. (market cap €17.6B) and Aegon Ltd., making ASR one of the leading Dutch insurers. The company's 85% domestic revenue concentration reflects its primary focus on the mature Dutch market, where it leverages established brands (a.s.r., Aegon, Loyalis) and comprehensive product offerings to maintain competitive position.
Industry Context
ASR Nederland N.V. operates in Insurance—Diversified.
Key facts
Founded: 1720 · Headquarters: Utrecht, Netherlands · Employees: 8,110 · Revenue: €16.4B · Market cap: €12.4B