· Strong progress on strategy execution and delivery of financial targets since IPO · Cost reduction target of approximately EUR 350 million by 2020, reflecting cost synergies from Delta Lloyd acquisition and standalone cost reduction plans · Target annual operating result before tax of the ongoing business growth rate on average of 5-7% in the medium term · Expect over time to generate free cash flow in a range around the net operating result of the ongoing business · Capital framework and...
Strong performance of the combined group; Solvency II ratio at 204% Operating result ongoing business increased to EUR 431 million from EUR 319 million in 3Q16, driven by improved results at most segments, the contribution of Delta Lloyd of EUR 51 million and EUR 32 million non-recurring benefits in the segment Other, partly offset by lower results at Netherlands Non-life Net result of EUR 734 million versus EUR 436 million in 3Q16, reflecting the improved operating result and higher capital...
As NN Group announced on 17 August 2017, its shareholders were given the option to receive the interim dividend for 2017 of EUR 0.62 per ordinary share either in cash or in ordinary shares. Shareholders who have elected to receive the interim dividend in shares will receive one NN Group N.V. ordinary share for every 53.81 ordinary shares held. The stock fraction is based on the volume-weighted average price of EUR 33.3628 for NN Group shares on Euronext Amsterdam for the five trading days from...
Strong operating and commercial performance of the combined group; Solvency II ratio at 196% Operating result ongoing business was up from EUR 321 million in 2Q16 to EUR 404 million, of which Delta Lloyd contributed EUR 49 million. The operating result excluding Delta Lloyd increased by EUR 33 million Net result was down 28.2% from 2Q16 to EUR 240 million, of which Delta Lloyd contributed EUR 21 million. The net result excluding Delta Lloyd decreased by EUR 115 million, reflecting a provision...
As NN Group announced on 16 February 2017, its shareholders were given the option to receive the final dividend for 2016 of EUR 0.95 per ordinary share either in cash or in ordinary shares. Shareholders who have elected to receive the final dividend in shares will receive one NN Group N.V. ordinary share for every 33.49 ordinary shares held. The stock fraction is based on the volume-weighted average price of EUR 31.8164 for NN Group shares on Euronext Amsterdam for the five trading days from 13...
The Annual General Meeting (AGM) of NN Group N.V. has adopted all proposals on the agenda, including the adoption of the annual accounts for the 2016 financial year, and the appointment of Clara Streit and Robert Ruijter as members of the Supervisory Board of NN Group. The reappointment of Lard Friese as member of the Executive Board, Chief Executive Officer (CEO) and chair of the Executive Board of NN Group for a term of four years was notified to the General Meeting and is now effective. The...
This is a joint press release by NN Group N.V. ('NN Group') and Delta Lloyd N.V. ('Delta Lloyd'). This announcement is exclusively intended for persons who are not residents of the United States and who are not physically present in the United States. This information does not constitute an offer, or an invitation to purchase, securities of Delta Lloyd or NN Group in the United States or in any other jurisdiction in which such offer or invitation is not authorized or to any person to whom it is...
This is a joint press release by NN Group N.V. ('NN Group') and Delta Lloyd N.V. ('Delta Lloyd'). This announcement is exclusively intended for persons who are not residents of the United States and who are not physically present in the United States. This information does not constitute an offer, or an invitation to purchase, securities of Delta Lloyd or NN Group in the United States or in any other jurisdiction in which such offer or invitation is not authorized or to any person to whom it is...
This is a press release by NN Group N.V. ("NN Group"), pursuant to the provisions of Section 7 Paragraph 1 and Section 4 Paragraph 3 of the Decree on Public Takeover Bids (Besluit Openbare Biedingen Wft) (the "Decree") in connection with the intended public offer by NN Group for all the issued and outstanding ordinary shares in the capital of Delta Lloyd N.V. ("Delta Lloyd"). This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities....