The operating result increased by 49.5% to €468m, boosted by the Netherlands Life division (57.2% of the group operating earnings). The Life business in Japan recorded rapid growth thanks to a jump in COLI products’ sales. €310m of costs reduction were achieved while the target is set at €400m by 2020. The Solvency II ratio stood at 213% and the cash position at the Holding was €2,048m. A good performance in Q1 and the start to the year was clearly promising.
21 May 2019
The Life business boosts the performance of the multi-line insurer
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The Life business boosts the performance of the multi-line insurer
NN Group N.V. (NN:WBO) | 0 0 (-0.1%) | Mkt Cap: 12,120m
- Published:
21 May 2019 -
Author:
Bassem Neifer -
Pages:
3
The operating result increased by 49.5% to €468m, boosted by the Netherlands Life division (57.2% of the group operating earnings). The Life business in Japan recorded rapid growth thanks to a jump in COLI products’ sales. €310m of costs reduction were achieved while the target is set at €400m by 2020. The Solvency II ratio stood at 213% and the cash position at the Holding was €2,048m. A good performance in Q1 and the start to the year was clearly promising.