NN Group N.V.
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Publicatie datum
06 aug 2014 - 06:59
Statutaire naam
NN Group N.V.
Titel
NN Group reports solid 2Q14 results
Bericht
Robust capital position further strengthened; strong sales growth
Successful IPO of NN Group, and subordinated debt issuances of EUR 2 billion in total
Operating result ongoing business of EUR 257 million, down 6.2% from 2Q13 on lower operating income at Netherlands Life, partly compensated by a reduction of holding expenses and funding costs; year-to-date operating result ongoing business is up 22.4%
Net result improved significantly to EUR 252 million from EUR 39 million in 2Q13, driven by positive hedge results at Japan Closed Block VA and higher revaluations
Capital position further strengthened; IGD ratio at 272% and holding company cash capital increased to EUR 1,156 million
Cost reductions drive total administrative expenses down; on track to achieve EUR 200 million expense reduction target by 2016
Strong commercial performance reflected in year-on-year sales growth in Japan Life and Insurance Europe, as well as higher pension contract renewals in Netherlands Life
Assets under management at Investment Management EUR 177 billion, up 5.4% compared with the end of 1Q14, driven by market performance and net inflows
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Datum laatste update: 19 december 2025