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Delta Lloyd NV (DLL.AS)

DLL.AS on Amsterdam Stock Exchange

20 Jan 2017
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Latest Key Developments (Source: Significant Developments)

NN Group and Delta Lloyd reached conditional agreement on merger
Friday, 23 Dec 2016 01:00am EST 

Nn Group NV and Delta Lloyd : NN Group and Delta Lloyd agree on recommended transaction . To form a leading insurance and asset management company in the Netherlands . NN Group and Delta Lloyd reached a conditional agreement on a recommended all-cash public offer of 5.40 euros (cum dividend) per issued and outstanding ordinary share of Delta Lloyd representing a total consideration of 2.5 billion euros ($2.61 billion) . NN Group has committed financing in place and will fund the transaction via a combination of existing cash resources and debt . Offer price represents a premium of 55 pct over the 3-months average closing price prior to the initial announcement on 5 October 2016, delivering immediate and certain value to delta Lloyd shareholders . NN Group anticipates a return on investment of around 10 pct and a double digit accretion in dividend per share for 2018 and onwards .Draft offer memorandum will be submitted to AFM no later than 28 D2016.  Full Article

Delta Lloyd rejects NN Group's takeover proposal
Friday, 7 Oct 2016 01:30am EDT 

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 04:09pm EDT 

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

Delta Lloyd to merge its life insurance entities in Netherlands and Belgium
Wednesday, 5 Oct 2016 01:45am EDT 

Delta Lloyd NV : Plans to simplify corporate structure of its Belgian activities . Delta Lloyd has submitted application for merger of Dutch and Belgian life insurance entities to National Bank of Belgium and Dutch Central Bank . Subject to consent of regulators, Delta Lloyd life insurance entities in Netherlands and Belgium will be merged into a single legal entity and risk bearer at 1 January 2017 . Delta Lloyd strengthens position of Dutch and Belgian life insurance businesses . Delta Lloyd Life NV in Belgium will merge with Delta Lloyd Levensverzekering NV in Netherlands . This will raise group's solvency II standard formula ratio (SF ratio) by around 5 percentage points .Will retain our commercial operations in Belgium.  Full Article

NN Group to make 2.4 billion euro offer for Delta Lloyd
Wednesday, 5 Oct 2016 01:01am EDT 

NN Group NV : NN Group intends to make an all-cash offer for Delta Lloyd of 5.30 euros ($5.94) per ordinary share . Intended all-cash offer of 5.30 euros per share for all issued and outstanding ordinary shares of Delta Lloyd, for a total consideration of 2.4 billion euros . A premium of approximately 53 pct over last 3-month average closing price and 29 pct over last closing price of 4.12 euros per share . Increased scale and efficiency will drive significant expected EPS, free cash flow and DPS accretion . NN Group intends to finance all-cash offer using existing cash resources and external debt .NN Group will submit a request to Dutch Central Bank for a declaration of no objection to pursue transaction.  Full Article

Delta Lloyd signs letter of intent for sale of Xclusief portfolio
Wednesday, 31 Aug 2016 12:00pm EDT 

Delta Lloyd : Has signed a letter of intent with Ansvar Verzekeringsmaatschappij for the sale of Xclusief portfolio . Also discontinue its prominent portfolio and landbouw portfolio in underwriting agency channel .Effective date of envisaged sale is January 1st 2017.  Full Article

Delta Lloyd H1 gross operational result down 39 pct at 320 mln euros
Wednesday, 17 Aug 2016 01:30am EDT 

Delta Lloyd NV : Says good progress on capital and cash . H1 gross operational result down 39 pct to 320 million euros ($360.3 million), including negative impact of exceptional weather of 44 million euros (half-year 2015: 527 million euros) . Solvency II net capital generation was 66 million euros, after impact of exceptional weather of 33 million euros, equivalent to underlying net capital generation of 99 million euros . H1 gross written premiums 834 million euros versus 776 million euros a year ago . H1 net IFRS income is 925 million versus loss of eur 533 million year ago . Cash interim dividend of 0.10 euros per ordinary share . "With our h1 sf ratio at 173 pct are now in upper half of our target capital range." . "We are taking steps to exit unprofitable market segments and reduce costs to drive profitable growth" . Says committed to delivering on the targeted solvency II net capital generation of 200-250 million euros per year . Says operational cost discipline is essential to improve profitability and our target is to bring costs below 560 million euros in 2018 .We expect introduction of Delta Lloyd APF will contribute to building profitable volume in a sizeable market.  Full Article

Delta Lloyd says Amstelhuys to facilitate redemption of Arena 2011-II
Thursday, 11 Aug 2016 11:55am EDT 

Delta Lloyd NV : Amstelhuys to facilitate redemption of Arena 2011-II .Amstelhuys is a 100 pct owned subsidiary of Delta Lloyd.  Full Article

Delta Lloyd buys portfolio of Dutch residential mortgages
Wednesday, 27 Jul 2016 01:30am EDT 

Delta Lloyd NV : Leven purchases portfolio of Dutch residential mortgages from Rabobank .Portfolio consists of individual residential mortgages with a total outstanding amount of EUR 500 million and with an average loan to value of 80%.  Full Article

Delta Lloyd sale of stake in Van Lanschot: over-allotment option exercised in full
Friday, 17 Jun 2016 01:30am EDT 

Delta Lloyd NV : Full exercise of the over-allotment option in respect of the sale of Delta Lloyd's shareholding in Van Lanschot . Delta Lloyd has successfully sold 12,400,000 depositary receipts representing ordinary shares, or 30.2 pct in Van Lanschot's issued share capital . Gross proceeds for Delta Lloyd amount to 198.4 million euros ($223.14 million) .Goldman Sachs International and UBS investment bank acted as joint global coordinators and joint bookrunners for offering.  Full Article

Dutch insurer NN to buy smaller rival Delta Lloyd for 2.5 billion euros

AMSTERDAM Dutch insurer Delta Lloyd has reached agreement to be taken over by bigger rival NN Group , the two companies announced on Friday, after NN nudged up its earlier unsolicited offer by 1.9 percent to 2.5 billion euros ($2.61 billion).