NN Group continues to grow according to 2017 Q1 results
 
 

According to the first quarter results of 2017, NN Group maintained its growth. Operating result of ongoing business reached 406 million EUR, up by 33.3% over the same period of 2016, driven by higher results in all segments. With a Solvency II ratio of 238 percent, NN Group is one of the companies with a robust capital structure.


Lard Friese, CEO and Chairman of NN Group, underlined that NN Group showed a strong performance in the first quarter of 2017, with all segments contributing to the 33 percent increase in the Group's operating result compared with the first quarter of 2016: “This growth and increasing sales figures reflect our dedication in delivering excellent customer services, innovating our products and services and improving our business mix. We made a strong beginning to 2017 with a Solvency II ratio of 238 percent and as the cost savings in the Netherlands increased.


Marius Popescu, CEO of NN Hayat ve Emeklilik, said: “During the first quarter of 2017, we maintained our rapid growth by increasing our life insurance premiums by 51 percent, up to 41 million TL. Total fund size of our private pension participants grew by 20 percent over the same period of last year and reached 481 million TL. We preserve our growth target in life insurance for 2017, and will continue working towards building long-term relationships and improve both efficiency and customer service levels with our business processes.”

 
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