NN Group released H1 20 operating result of €926m, up 1.3% yoy. The net result declined by 47.5% to €587m, impacted by non-operating items. The COVID-19-related costs were limited to €30m. The Solvency II ratio stood at 221% and the insurer decided to distribute an interim dividend of €2.26/share, which includes the final dividend of 2019, and to continue the share buy-back programme. Achievements were better than expected. Our numbers will be revised up.
06 Aug 2020
The insurer resumes dividends
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The insurer resumes dividends
NN Group N.V. (NN:WBO) | 0 0 (-0.1%) | Mkt Cap: 12,120m
- Published:
06 Aug 2020 -
Author:
Bassem Neifer -
Pages:
3
NN Group released H1 20 operating result of €926m, up 1.3% yoy. The net result declined by 47.5% to €587m, impacted by non-operating items. The COVID-19-related costs were limited to €30m. The Solvency II ratio stood at 221% and the insurer decided to distribute an interim dividend of €2.26/share, which includes the final dividend of 2019, and to continue the share buy-back programme. Achievements were better than expected. Our numbers will be revised up.