July 28, 2016 10:31 PM ET

Insurance

Company Overview of NN Group N.V.

Company Overview

NN Group N.V., an insurance and investment management company, primarily provides life insurance products in the Netherlands and internationally. The company operates through Netherlands Life, Netherlands Non-life, Insurance Europe, Japan Life, Investment Management, and Other segments. It offers a range of individual life and group life insurance products, as well as personal protection and pension products; and non-life insurance products, such as motor vehicles, transport, fire, income protection, disability, and accident and liability insurance products, as well as health insurance products. The company also provides retirement products and services; various managed investment products a...

Schenkkade 65

The Hague,  1081 KL

Netherlands

Founded in 2011

11,561 Employees

Phone:

31 20 541 5411

Key Executives for NN Group N.V.

Chairman of Executive Board and Chief Executive Officer
Age: 54
Total Annual Compensation: €1.4M
Vice Chairman of Executive Board and Chief Financial Officer
Age: 52
Total Annual Compensation: €1.2M
Compensation as of Fiscal Year 2015.

NN Group N.V. Key Developments

NN Group Announces Executive Changes

NN Group announced that Jan-Hendrik Erasmus will be appointed Chief Risk Officer (CRO). He joins NN Group as Member of the Management Board as of 1 September 2016. Jan-Hendrik will succeed Doug Caldwell, who will leave NN Group later this year to pursue his career outside of the company. Jan-Hendrik Erasmus (1980, South African and British nationality) is Partner at Oliver Wyman`s Financial Services business, Head of the UK Insurance Practice and a member of the European Leadership Team. Jan-Hendrik joined Oliver Wyman in 2009. His consulting work has predominantly focused on risk, capital and asset-liability management for UK and European insurers. He has more than 13 years financial services experience across insurance, risk and investment management in the UK and internationally. Jan-Hendrik Erasmus will be responsible for NN Group`s overall risk framework and will directly steer the risk management departments as of 1 October 2016. In this role he will report to Lard Friese, CEO of NN Group.

NN Group N.V., Q1 2016 Earnings Call, May 26, 2016

NN Group N.V., Q1 2016 Earnings Call, May 26, 2016

NN Group Reports Earnings Results for the First Quarter of 2016

NN Group reported earnings results for the first quarter of 2016. For the quarter, the company reported operating result ongoing business of EUR 305 million, stable on first quarter of 2015, as higher dividends at Netherlands Life and improved results at NN Bank were offset by lower results at Netherlands Non-life, Insurance Europe and Asset Management. Net result was EUR 270 million, down from EUR 485 million in first quarter of 2015, which included a capital gain on an equity investment while first quarter 2016 reflects a negative result for Japan Closed Block VA due to higher market volatility. Net operating ROE was 8.6% compared to 8.7% a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
May 26, 2016
--
Buyback
January 5, 2016
--
Merger/Acquisition
December 18, 2015
Parcom Capital
 

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