Athora’s assets under administration rise by €68bn; BSCR ratio of 242% recorded

Written by Adam Cadle

12/04/2021

Athora’s assets under administration grew to €83bn during the year ending 31 December 2020, a rise of €68bn.

According to the insurer’s latest financial results, assets under administration were boosted by the “transformative acquisition of Athora Netherlands (formerly VIVAT)”. The group now supports over 2.5 million policyholders.

The group reported a strong inaugural estimated Bermuda Solvency Capital Requirement (BSCR) ratio of 242%.

Strong organic capital generation (OCG) of €185m (2019: €54m) occurred in two business units, Belgium and Germany, of €185 million (2019: €54 million) supported by asset optimisation and efficiency initiatives.

Athora CEO Michele Bareggi said: “I look to 2021 with confidence, secure in the knowledge that we are building the right ecosystem to capitalise on the growth opportunities that are available to our group. Thanks to our strong capital position, strategic relationships and supportive investors who share our long-term vision, we are well positioned to capture these opportunities and continue to deliver more value for stakeholders.”

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