Dutch financial services firm Achmea in March 2026 announced it posted a 7% increase in operational results to €938 million in 2025, even as its core Pension & Life Netherlands division saw profits drop 25% to €282 million.

The pension unit’s decline stemmed partly from provision harmonization related to Achmea’s strategic partnership with Lifetri. However, the broader business benefited from significant premium growth, jumping from €648 million to €2.17 billion primarily due to acquiring FrieslandCampina’s pension liabilities.

Excluding the buyout impact, premiums still grew a robust 17%, driven by 38% expansion in the open-book portfolio. Achmea also completed a longevity reinsurance transaction transferring half its longevity risk exposure on €8 billion of technical provisions, expected to boost its Solvency II ratio by 49 percentage points.

The company’s Retirement Services segment delivered strong performance with operational results rising 35% to €43 million, supported by contributions across its banking, investment management and real estate arms.

Achmea’s aggressive expansion in the pension buyout market and risk transfer initiatives position it to capitalize on growing demand for pension de-risking solutions across European markets.