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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 ‍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 Group prices a dual-tranche senior notes offering at 900 mln euros
Wednesday, 24 May 2017 

May 24 (Reuters) - NN GROUP NV ::TODAY ANNOUNCES THAT IT HAS PRICED TWO SENIOR UNSECURED NOTES WITH A TOTAL ISSUE SIZE OF EUR 900 MILLION.EUR 300 MILLION SENIOR NOTES WITH A FIXED COUPON AT 0.25% PER ANNUM AND A MATURITY OF 3 YEARS.EUR 600 MILLION SENIOR NOTES WITH A FIXED COUPON AT 1.625% PER ANNUM AND A MATURITY OF 10 YEARS.NET PROCEEDS OF NOTES WILL BE APPLIED BY NN GROUP TO REPAY EUR 900 MILLION BRIDGE LOAN USED TO FINANCE ACQUISITION OF DELTA LLOYD.  Full Article

Delta Lloyd rejects NN Group's takeover proposal
Friday, 7 Oct 2016 

Delta Lloyd Nv : Delta lloyd rejects nn group's takeover proposal . Boards believe that Delta Lloyd is a strong business with a compelling strategy and a clear path to value creation on which it is showing good progress . Says proposal substantially undervalues Delta Lloyd, its prospects and its strategic opportunities .Proposal fails to reflect an appropriate share of benefits of Dutch consolidation.  Full Article

Delta Lloyd planning to reject takeover approach from NN Group- Bloomberg
Thursday, 6 Oct 2016 

:Dutch Insurer Delta Lloyd NV planning to reject unsolicited takeover approach from NN Group NV - Bloomberg, citing sources.  Full Article

NN group to transfer its Irish reinsurance portfolio to Canada Life
Tuesday, 4 Oct 2016 

Nn Group Nv : NN group to transfer its Irish reinsurance portfolio to Canada Life . The portfolio transfer and the capital repatriation are expected to result in a total after tax loss of approximately 25 million euros ($28.0 million) (pre-tax loss of approximately 55 million euros) . NN Re (Ireland) ltd. expected to hand back its reinsurance license and repatriate capital for approximately 65 million euros to NN group in the fourth quarter of 2016 .These transactions will not impact NN group's reinsurance business in the Netherlands.  Full Article

BRIEF-NN group Q2 net result down 14.6 pct to 335 mln euros
Thursday, 18 Aug 2016 

NN Group NV : Q2 net result of 335 million euros ($378.62 million) versus 392 million euros in Q2 15 . Q2 operating result (ongoing business) 321 million euros versus 280 million euros in Reuters poll . Solvency II ratio increased to 252 pct at end of Q2 from 241 pct at Q1 16 . Asset management: total assets under management (AuM) increased to 197 billion euros from 190 billion euros at the end of the first quarter of 2016 . Asset management environment remains difficult due to ongoing market turmoil, resulting in continued de-risking by clients and pressure on fees . Interim dividend 2016 of 0.60 euros per ordinary share or approximately 195 million euros .Q2 new sales life insurance (APE) 284 million euros versus 278 million euros year ago.  Full Article

NN Group to sell Mandema & Partners to Van Lanschot Chabot
Monday, 18 Jul 2016 

NN Group NV : Transaction is not expected to have a material impact on the capital position and operating result of NN Group . To sell Mandema & Partners to Van Lanschot Chabot .Transaction is expected to close in the fourth quarter of 2016.  Full Article

NN Group Q1 net profit down at 270 million euros; to start shares buy back program
Thursday, 26 May 2016 

Nn Group Nv : Q1 Operating result ongoing business of 305 million euros ($340.99 million), stable on 1Q15 . Q1 net profit 270 million euros versus 485 million euros year ago . Share buy back program up to 500 million euros over 12 months commencing 1 June 2016 . Q1 operating result (ongoing business) 305 million euros versus 304 million euros year ago . Q1 Solvency II ratio of 241 pct . To buy back shares up to 500 million euros over a period of twelve months .Our cost reductions in the Netherlands are on track to achieve the target expense base set out for 2018, and in the first quarter we realized 11 million euros in cost savings, says CEO.  Full Article

NN Group acquires Notus Financial Advisors in Poland
Wednesday, 18 May 2016 

NN Group NV : NN Group acquires Notus Financial Advisors in Poland .The transaction is not expected to have a material impact on the capital position and operating result of NN Group and will be funded by Nationale-Nederlanden Poland.  Full Article

FACTBOX-Asset managers' plans for handling investment research costs under EU's MiFID-II

(Updates Amundi) Dec 18 New regulations taking effect next year will force brokers in the European Union to charge clients separately for investment research, rather than bundling the cost in with trading services. Part of a wide-ranging set of rules under the Markets in Financial Instruments Directive II, or MiFID II, the regulators say the move is aimed at making European securities markets more transparent and providing better value for money for investors. The MiFID