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NN Group NV (NN.AS)

NN.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

NN Group To Acquire VIVAT Non-Life
Friday, 7 Jun 2019 

June 7 (Reuters) - NN GROUP NV ::NN GROUP TO ACQUIRE VIVAT NON-LIFE, FURTHER ENHANCING ITS DUTCH MARKET POSITION.NN GROUP ACQUIRES VIVAT NON-LIFE ACTIVITIES (VIVAT SCHADEVERZEKERINGEN N.V.) FOR A CONSIDERATION OF EUR 416 MILLION.TRANSACTION TO BE FUNDED FROM EXISTING CASH RESOURCES, CURRENT SHARE BUYBACK PROGRAMME UNAFFECTED.IN ADDITION, NN GROUP WILL ACQUIRE THE INTERCOMPANY TIER 2 LOANS GRANTED BY VIVAT HOLDING TO VIVAT NON-LIFE FOR A CONSIDERATION OF EUR 150 MILLION.ENVISAGED DOUBLE DIGIT RETURN ON INVESTMENT AND AN EXPECTED INCREASE IN FREE CASH FLOW OF AROUND EUR 50 MILLION PER ANNUM BY 2022.STRONG BALANCE SHEET POST TRANSACTION, PRO-FORMA 1Q19 SOLVENCY II RATIO OF 207%.TRANSACTIONS ARE ANTICIPATED TO BE COMPLETED IN THE FIRST QUARTER OF 2020 PROVIDED ALL CONDITIONS HAVE BEEN MET.IN CONNECTION WITH TRANSACTION, NN GROUP’S FINANCIAL ADVISOR IS BNP PARIBAS AND ITS LEGAL COUNSEL IS FRESHFIELDSBRUCKHAUS DERINGER.  Full Article

NN Group Q1 Operating Result Increases To 468 Million Euros
Thursday, 16 May 2019 

May 16 (Reuters) - NN GROUP NV ::Q1 OPERATING RESULT INCREASED TO EUR 468 MILLION FROM EUR 313 MILLION IN 1Q18.SOLVENCY II RATIO OF 213% AND A CASH CAPITAL POSITION OF EUR 2,048 MILLION AT THE END OF THE FIRST QUARTER.Q1 NET RESULT EUR 512 MILLION VERSUS EUR 302 MILLION IN REUTERS POLL.Q1 REUTERS POLL: NET RESULT EUR 302 MILLION; OPERATING RESULT ONGOING BUSINESS EUR 415 MILLION.Q1 TOTAL NEW SALES (APE) OF EUR 945 MILLION, UP 72% FROM 1Q18 AT CONSTANT CURRENCIES.FURTHER COST REDUCTIONS OF EUR 20 MILLION IN 1Q19.END-Q1 HOLDING COMPANY CASH CAPITAL AT EUR 2,048 MILLION.Q1 SOLVENCY II RATIO 213% VERSUS 212% IN REUTERS POLL.SOLVENCY II RATIO OF 213% REFLECTS UNFAVOURABLE MOVEMENTS IN CREDIT SPREADS AND INTEREST RATES.  Full Article

NN Group Q4 Ongoing Business Operating Income Broadly Stable At 343 Million Euros
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - NN GROUP NV ::FULL-YEAR 2018 NET RESULT OF EUR 1,117 MILLION VERSUS EUR 2,110 MILLION IN 2017.2018 FINAL DIVIDEND PROPOSAL OF EUR 1.24 PER ORDINARY SHARE, BRINGING FULL-YEAR 2018 DIVIDEND TO EUR 1.90 PER ORDINARY SHAR.4Q18 OPERATING RESULT OF THE ONGOING BUSINESS OF EUR 343 MILLION, BROADLY STABLE VERSUS 4Q17.END-FY SOLVENCY II RATIO AT 230 PERCENT VERSUS 199 PERCENT YEAR AGO.Q4 SOLVENCY II RATIO OF 230% REFLECTS CHANGES IN THE CORPORATE TAX RATE IN THE NETHERLANDS.WE ARE TODAY ANNOUNCING A PROGRAMME TO BUY BACK SHARES UP TO EUR 500 MILLION OVER A PERIOD OF 12 MONTHS. -CEO.FY GROSS PREMIUM INCOME EUR 13.27 BILLION VERSUS EUR 12.06 BILLION YEAR AGO.FY NEW SALES LIFE INSURANCE (APE) EUR 1.64 BILLION VERSUS EUR 1.79 BILLION YEAR AGO.FULL-YEAR 2018 NET OPERATING ROE DECREASED TO 8.9% FROM 10.3% FOR 2017, DUE TO AN INCREASE OF EQUITY.IN LINE WITH OUR OBJECTIVE TO ACHIEVE VALUE CREATION AND PROFITABLE GROWTH - CEO.  Full Article

NN Group And ING Groep Terminate Warrant Agreement
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - NN GROUP NV ::NN GROUP AND ING GROEP TERMINATE WARRANT AGREEMENT.THIS TRANSACTION ELIMINATES POTENTIAL SHARE DILUTION.REACHED AGREEMENT WITH ING TO TERMINATE WARRANT AGREEMENT BETWEEN TWO PARTIES FOR CONSIDERATION OF EUR 76 MILLION.CONSIDERATION WILL BE FUNDED FROM EXISTING CASH RESOURCES.CONSIDERATION WILL RECOGNISED AS A REDUCTION OF NN GROUP'S EQUITY AND OWN FUNDS IN Q4 OF 2018.TRANSACTION WILL NOT IMPACT OPERATING RESULT AND NET RESULT, AND WILL NOT HAVE MATERIAL IMPACT ON SOLVENCY II RATIO.  Full Article

NN Group Operating Result Ongoing Business Up At 463 Million Euros
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - NN GROUP NV ::NN GROUP REPORTS 3Q18 RESULTS.Q3 REUTERS POLL: OPERATING RESULT ONGOING BUSINESS EUR 405 MILLION; NET INCOME EUR 275 MILLION; SOLVENCY II 231 PERCENT.Q3 SOLVENCY II RATIO INCREASED TO 239% FROM 226% AT 2Q18, REFLECTING OPERATING CAPITAL GENERATION AND POSITIVE MARKET IMPACTS.Q3 OPERATING RESULT ONGOING BUSINESS EUR 463 MILLION, UP 7.4% FROM 3Q17.Q3 NET RESULT OF EUR 788 MILLION, UP 7.3% FROM 3Q17.Q3 NET RESULT EUR 788 MILLION VERSUS EUR 275 MILLION IN REUTERS POLL.NN GROUP WILL PAY A 2018 INTERIM DIVIDEND OF EUR 0.66 PER ORDINARY SHARE.WELL ON OUR WAY TO ACHIEVING OUR COST REDUCTION TARGET OF EUR 400 MILLION BY THE END OF 2020.  Full Article

NN Group To Designate Delfin Rueda As CFO And Vice-Chair Of Executive Board
Wednesday, 4 Apr 2018 

April 4 (Reuters) - NN GROUP NV ::INTENDS TO REAPPOINT DELFIN RUEDA AS MEMBER OF EXECUTIVE BOARD.‍REAPPOINTMENT WILL BE EFFECTIVE AFTER NOTIFICATION OF GENERAL MEETING AT AGM​.‍CURRENT TERM OF APPOINTMENT OF DELFIN RUEDA ENDS ON 31 MAY 2018​.TO DESIGNATE DELFIN RUEDA AS CHIEF FINANCIAL OFFICER (CFO) OF NN GROUP N.V..‍TO DESIGNATE DELFIN RUEDA AS VICE-CHAIR OF EXECUTIVE BOARD FOR A TERM OF FOUR YEARS​.  Full Article

NN Group Q4 Operating Income Of Ongoing Business Up At 345 Million Euros
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - NN GROUP NV ::NN GROUP REPORTS 4Q17 AND 2017 RESULTS.4Q17 OPERATING RESULT OF ONGOING BUSINESS OF EUR 345 MILLION, UP 22.3% FROM 4Q16.FINAL 2017 DIVIDEND PROPOSAL OF EUR 1.04 PER ORDINARY SHARE.IN REUTERS POLL: Q4 SOLVENCY II RATIO OF 202 PERCENT.IN REUTERS POLL: Q4 NET RESULT EUR 457 MILLION; Q4 OPERATING RESULT ONGOING BUSINESS EUR 370 MILLION.4Q17 NET RESULT INCREASED TO EUR 700 MILLION FROM EUR 148 MILLION IN 4Q16, MAINLY DRIVEN BY HIGHER CAPITAL GAINS.ROBUST COMMERCIAL MOMENTUM: Q4 APE AT INSURANCE BUSINESSES UP 35.1% AT CONSTANT CURRENCIES COMPARED WITH 4Q16‍​.IN 2017 OUR SOLVENCY II RATIO AND CASH CAPITAL POSITION REMAIN ROBUST, AT 199% AND EUR 1,434 MILLION RESPECTIVELY.Q4 NEW SALES LIFE INSURANCE (APE) EUR ‍​377 MILLION VERSUS EUR 298 MILLION YEAR AGO.DELTA LLOYD: LOWERED COST BASE OF UNITS IN SCOPE OF INTEGRATION BY EUR 133 MILLION IN 2017.  Full Article

NN Group ‍Announces Cost Reduction Target Of Approximately 350 Million Euros By 2020​
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - NN GROUP NV ::‍COST REDUCTION TARGET OF APPROXIMATELY EUR 350 MILLION BY 2020​.‍TARGET ANNUAL OPERATING RESULT BEFORE TAX OF ONGOING BUSINESS GROWTH RATE ON AVERAGE OF 5-7% IN MEDIUM TERM​.‍EXPECT OVER TIME TO GENERATE FREE CASH FLOW IN A RANGE AROUND NET OPERATING RESULT OF ONGOING BUSINESS​.‍CAPITAL FRAMEWORK AND DIVIDEND POLICY REMAIN UNCHANGED​.‍INTEGRATION OF DELTA LLOYD TO BE COMPLETED BY 2020, WITH LEGAL MERGERS COMPLETED BY 2019​.EXPECT OVER TIME TO GENERATE FREE CASH FLOW IN A RANGE AROUND THE NET OPERATING RESULT OF THE ONGOING BUSINESS‍​.SEES ‍ADMINISTRATIVE EXPENSE BASE FOR UNITS IN SCOPE OF INTEGRATION TO EUR 1,675 MILLION BY END OF 2020​.‍DELTA LLOYD TRANSACTION SHOULD BE LARGELY COMPLETE BY END OF 2018​.  Full Article

NN Group Q3 operating result ongoing business beats Reuters poll
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - NN GROUP NV ::Q3 OPERATING RESULT ONGOING BUSINESS INCREASED TO EUR 431 MILLION FROM EUR 319 MILLION IN 3Q16‍​.Q3 NET RESULT OF EUR 734 MILLION VERSUS EUR 436 MILLION IN 3Q16.Q3 SOLVENCY II RATIO OF NN GROUP INCREASED TO 204% FROM 196% AT 2Q17.Q3 REUTERS POLL: OPERATING RESULT EUR 394 MILLION; NET RESULT EUR 328 MILLION; SOLVENCY RATIO 202 PCT‍​.  Full Article

NN Bank establishes covered bond programme
Wednesday, 20 Sep 2017 

Sept 20 (Reuters) - NN GROUP NV ::NN BANK ESTABLISHES COVERED BOND PROGRAMME.‍NN BANK ANNOUNCED TODAY THAT IT HAS ESTABLISHED A EUR 5 BILLION CONDITIONAL PASS-THROUGH COVERED BOND PROGRAMME​.PROGRAMME HAS RECEIVED REGULATORY APPROVAL FROM DE NEDERLANDSCHE BANK (DNB).  Full Article

Athora, NN Group buy Dutch insurer Vivat's operations

AMSTERDAM Dutch insurer Vivat said on Friday it had agreed to a buyout deal with private life insurer Athora.