NN Group is targeting Operating Capital Generation of €1.5bn in 2023, mainly thanks to additional cost savings. The insurer had a solid Solvency II ratio at 227% in May 2020, including the impact of the longevity transactions. The net impact of COVID-19 is estimated at €-100m on the 2020 operating result and OCG. The dividend strategy should remain progressive.
24 Jun 2020
Higher cost reduction and capital generation at the heart of strategy
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Higher cost reduction and capital generation at the heart of strategy
NN Group N.V. (NN:WBO) | 0 0 (-0.1%) | Mkt Cap: 12,120m
- Published:
24 Jun 2020 -
Author:
Bassem Neifer -
Pages:
3
NN Group is targeting Operating Capital Generation of €1.5bn in 2023, mainly thanks to additional cost savings. The insurer had a solid Solvency II ratio at 227% in May 2020, including the impact of the longevity transactions. The net impact of COVID-19 is estimated at €-100m on the 2020 operating result and OCG. The dividend strategy should remain progressive.