NN Group’s operating result declined by 12.3% in Q2 19 to €445m, affected by the Dutch Life business. Since the beginning of the year, the insurer has recorded an 11.3% increase in the operating earnings to €914m. The Japanese business showed resilience despite the suspension of the distribution of some COLI products. €306m of cost reductions were achieved, while the target is set at €400m by 2020. The Solvency II ratio stood at 210%. No significant changes in our es
15 Aug 2019
Q2 19 operating result affected by Dutch Life business
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Q2 19 operating result affected by Dutch Life business
NN Group N.V. (NN:WBO) | 0 0 (-0.1%) | Mkt Cap: 12,120m
- Published:
15 Aug 2019 -
Author:
Bassem Neifer -
Pages:
3
NN Group’s operating result declined by 12.3% in Q2 19 to €445m, affected by the Dutch Life business. Since the beginning of the year, the insurer has recorded an 11.3% increase in the operating earnings to €914m. The Japanese business showed resilience despite the suspension of the distribution of some COLI products. €306m of cost reductions were achieved, while the target is set at €400m by 2020. The Solvency II ratio stood at 210%. No significant changes in our es