February 01, 2015 4:41 PM ET

Insurance

Company Overview of NN Group N.V.

Company Overview

NN Group N.V., an insurance and investment management company, provides life and non-life insurance products primarily in the Netherlands, Belgium, rest of Europe, and Asia. The company offers group and individual life insurance; and motor, transport, fire, liability, travel, and income insurance. It also offers retirement, insurance, investments, and banking services to retail, SME, corporate, and institutional customers. The company is based in Amsterdam, the Netherlands. NN Group N.V. is a subsidiary of ING Groep N.V.

Amstelveenseweg 500

Amsterdam,  1081 KL

Netherlands

12,000 Employees

Phone:

31 20 541 8722

Key Executives for NN Group N.V.

Chairman of Executive Board and Chief Executive Officer
Age: 52
Total Annual Compensation: $1.4M
Chief Financial Officer and Member of Executive Board
Age: 50
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2013.

NN Group N.V. Key Developments

NN Group N.V.(ENXTAM:NN) added to AMX Index

NN Group N.V. will be added to the AMX Index.

NN Group N.V. Announces Unaudited Earnings Results for the Third Quarter and Nine Months of 2014

NN Group N.V. announced unaudited earnings results for the third quarter and nine months of 2014. The company reported operating result ongoing business of EUR 274 million, up 16.6% from third quarter of 2013 of EUR 235 million, supported by the expense reduction programme in the Netherlands and lower debt funding costs. Net result improved to EUR 354 million versus a net loss of EUR 652 million in third quarter of 2013, which included a loss on the divestment of ING Life Korea. Net operating ROE was 8.3% against 8.3% a year ago. New sales life insurance (APE) was EUR 307 million against EUR 272 million a year ago. Year-to-date operating result ongoing business up 20.6% to EUR 826 million against EUR 685 million a year ago. Net operating ROE was 8.9% against 9.4% a year ago. New sales life insurance (APE) was EUR 1,051 million against EUR 935 million a year ago. Net result was EUR 391 million against EUR 479 million a year ago. Year-to-date net result 18.4% lower, reflecting a one-off charge in first quarter of 2014 for making the closed defined benefit pension plan in the Netherlands.

NN Group N.V., Q3 2014 Earnings Call, Nov 05, 2014

NN Group N.V., Q3 2014 Earnings Call, Nov 05, 2014

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Recent Private Companies Transactions

Type
Date
Target
Fund Raising
March 1, 2014
Parquest Capital 1
 

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