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NN Group NV (NN.AS)

NN.AS on Amsterdam Stock Exchange

38.25EUR
15 Nov 2018
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Latest Key Developments (Source: Significant Developments)

NN Group And ING Groep Terminate Warrant Agreement
4:16am EST 

Nov 15 (Reuters) - NN GROUP NV ::NN GROUP AND ING GROEP TERMINATE WARRANT AGREEMENT.THIS TRANSACTION ELIMINATES POTENTIAL SHARE DILUTION.REACHED AGREEMENT WITH ING TO TERMINATE WARRANT AGREEMENT BETWEEN TWO PARTIES FOR CONSIDERATION OF EUR 76 MILLION.CONSIDERATION WILL BE FUNDED FROM EXISTING CASH RESOURCES.CONSIDERATION WILL RECOGNISED AS A REDUCTION OF NN GROUP'S EQUITY AND OWN FUNDS IN Q4 OF 2018.TRANSACTION WILL NOT IMPACT OPERATING RESULT AND NET RESULT, AND WILL NOT HAVE MATERIAL IMPACT ON SOLVENCY II RATIO.  Full Article

NN Group Operating Result Ongoing Business Up At 463 Million Euros
1:36am EST 

Nov 15 (Reuters) - NN GROUP NV ::NN GROUP REPORTS 3Q18 RESULTS.Q3 REUTERS POLL: OPERATING RESULT ONGOING BUSINESS EUR 405 MILLION; NET INCOME EUR 275 MILLION; SOLVENCY II 231 PERCENT.Q3 SOLVENCY II RATIO INCREASED TO 239% FROM 226% AT 2Q18, REFLECTING OPERATING CAPITAL GENERATION AND POSITIVE MARKET IMPACTS.Q3 OPERATING RESULT ONGOING BUSINESS EUR 463 MILLION, UP 7.4% FROM 3Q17.Q3 NET RESULT OF EUR 788 MILLION, UP 7.3% FROM 3Q17.Q3 NET RESULT EUR 788 MILLION VERSUS EUR 275 MILLION IN REUTERS POLL.NN GROUP WILL PAY A 2018 INTERIM DIVIDEND OF EUR 0.66 PER ORDINARY SHARE.WELL ON OUR WAY TO ACHIEVING OUR COST REDUCTION TARGET OF EUR 400 MILLION BY THE END OF 2020.  Full Article

NN Group To Designate Delfin Rueda As CFO And Vice-Chair Of Executive Board
Wednesday, 4 Apr 2018 08:45am EDT 

April 4 (Reuters) - NN GROUP NV ::INTENDS TO REAPPOINT DELFIN RUEDA AS MEMBER OF EXECUTIVE BOARD.‍REAPPOINTMENT WILL BE EFFECTIVE AFTER NOTIFICATION OF GENERAL MEETING AT AGM​.‍CURRENT TERM OF APPOINTMENT OF DELFIN RUEDA ENDS ON 31 MAY 2018​.TO DESIGNATE DELFIN RUEDA AS CHIEF FINANCIAL OFFICER (CFO) OF NN GROUP N.V..‍TO DESIGNATE DELFIN RUEDA AS VICE-CHAIR OF EXECUTIVE BOARD FOR A TERM OF FOUR YEARS​.  Full Article

NN Group Q4 Operating Income Of Ongoing Business Up At 345 Million Euros
Thursday, 15 Feb 2018 01:05am EST 

Feb 15 (Reuters) - NN GROUP NV ::NN GROUP REPORTS 4Q17 AND 2017 RESULTS.4Q17 OPERATING RESULT OF ONGOING BUSINESS OF EUR 345 MILLION, UP 22.3% FROM 4Q16.FINAL 2017 DIVIDEND PROPOSAL OF EUR 1.04 PER ORDINARY SHARE.IN REUTERS POLL: Q4 SOLVENCY II RATIO OF 202 PERCENT.IN REUTERS POLL: Q4 NET RESULT EUR 457 MILLION; Q4 OPERATING RESULT ONGOING BUSINESS EUR 370 MILLION.4Q17 NET RESULT INCREASED TO EUR 700 MILLION FROM EUR 148 MILLION IN 4Q16, MAINLY DRIVEN BY HIGHER CAPITAL GAINS.ROBUST COMMERCIAL MOMENTUM: Q4 APE AT INSURANCE BUSINESSES UP 35.1% AT CONSTANT CURRENCIES COMPARED WITH 4Q16‍​.IN 2017 OUR SOLVENCY II RATIO AND CASH CAPITAL POSITION REMAIN ROBUST, AT 199% AND EUR 1,434 MILLION RESPECTIVELY.Q4 NEW SALES LIFE INSURANCE (APE) EUR ‍​377 MILLION VERSUS EUR 298 MILLION YEAR AGO.DELTA LLOYD: LOWERED COST BASE OF UNITS IN SCOPE OF INTEGRATION BY EUR 133 MILLION IN 2017.  Full Article

NN Group ‍Announces Cost Reduction Target Of Approximately 350 Million Euros By 2020​
Thursday, 30 Nov 2017 01:00am EST 

Nov 30 (Reuters) - NN GROUP NV ::‍COST REDUCTION TARGET OF APPROXIMATELY EUR 350 MILLION BY 2020​.‍TARGET ANNUAL OPERATING RESULT BEFORE TAX OF ONGOING BUSINESS GROWTH RATE ON AVERAGE OF 5-7% IN MEDIUM TERM​.‍EXPECT OVER TIME TO GENERATE FREE CASH FLOW IN A RANGE AROUND NET OPERATING RESULT OF ONGOING BUSINESS​.‍CAPITAL FRAMEWORK AND DIVIDEND POLICY REMAIN UNCHANGED​.‍INTEGRATION OF DELTA LLOYD TO BE COMPLETED BY 2020, WITH LEGAL MERGERS COMPLETED BY 2019​.EXPECT OVER TIME TO GENERATE FREE CASH FLOW IN A RANGE AROUND THE NET OPERATING RESULT OF THE ONGOING BUSINESS‍​.SEES ‍ADMINISTRATIVE EXPENSE BASE FOR UNITS IN SCOPE OF INTEGRATION TO EUR 1,675 MILLION BY END OF 2020​.‍DELTA LLOYD TRANSACTION SHOULD BE LARGELY COMPLETE BY END OF 2018​.  Full Article

NN Group Q3 operating result ongoing business beats Reuters poll
Thursday, 16 Nov 2017 01:00am EST 

Nov 16 (Reuters) - NN GROUP NV ::Q3 OPERATING RESULT ONGOING BUSINESS INCREASED TO EUR 431 MILLION FROM EUR 319 MILLION IN 3Q16‍​.Q3 NET RESULT OF EUR 734 MILLION VERSUS EUR 436 MILLION IN 3Q16.Q3 SOLVENCY II RATIO OF NN GROUP INCREASED TO 204% FROM 196% AT 2Q17.Q3 REUTERS POLL: OPERATING RESULT EUR 394 MILLION; NET RESULT EUR 328 MILLION; SOLVENCY RATIO 202 PCT‍​.  Full Article

NN Bank establishes covered bond programme
Wednesday, 20 Sep 2017 11:56am EDT 

Sept 20 (Reuters) - NN GROUP NV ::NN BANK ESTABLISHES COVERED BOND PROGRAMME.‍NN BANK ANNOUNCED TODAY THAT IT HAS ESTABLISHED A EUR 5 BILLION CONDITIONAL PASS-THROUGH COVERED BOND PROGRAMME​.PROGRAMME HAS RECEIVED REGULATORY APPROVAL FROM DE NEDERLANDSCHE BANK (DNB).  Full Article

NN Group says will repurchase shares for total amount of Euro 78 mln
Monday, 4 Sep 2017 01:06pm EDT 

Sept 4 (Reuters) - NN Group NV ::NN Group NV says will neutralise dilutive effect of stock dividend through repurchase of ordinary shares for a total amount of eur 78 million.  Full Article

NN Group Q2 operating result ongoing business at EUR 404 million euros
Thursday, 17 Aug 2017 01:00am EDT 

Aug 17 (Reuters) - NN GROUP NV : :Q2 SOLVENCY II RATIO OF 196 PERCENT VERSUS 238 PERCENT IN Q1 .H1 SOLVENCY II RATIO OF 196 PERCENT VERSUS 252 PERCENT YEAR AGO.Q2 NET RESULT EUR 240 MILLION VERSUS EUR 335 MILLION YEAR AGO.Q2 OPERATING RESULT ONGOING BUSINESS EUR 404 MILLION VERSUS EUR 346 MILLION IN REUTERS POLL.Q2 NET OPERATING ROE AT 10.7 PERCENT VERSUS 8.6 PERCENT YEAR AGO.Q2 NEW SALES LIFE INSURANCE (APE) EUR 400 MILLION VERSUS EUR 284 MILLION YEAR AGO.WILL PAY A 2017 INTERIM DIVIDEND OF EUR 0.62 PER ORDINARY SHARE.Q2 GROSS PREMIUM INCOME EUR 2.95 BILLION VERSUS EUR 2.02 BILLION YEAR AGO.  Full Article

NN Group says to repurchase shares to neutralise stock dividend
Monday, 19 Jun 2017 01:20pm EDT 

June 19 (Reuters) - Nn Group Nv ::Announces stock fraction for 2016 final dividend and repurchase of shares to neutralise stock dividend.Shareholders representing approximately 41.0% of outstanding number of shares have elected to receive final dividend in ordinary shares.Nn group will neutralise dilutive effect of stock dividend through repurchase of ordinary shares for a total amount of 129 million euros.  Full Article

UPDATE 1-NN Group's Q3 profit rises on improving Dutch market

AMSTERDAM, Nov 15 Insurer NN Group on Thursday reported a surprise 7 percent rise in third-quarter core profit at 463 million euros ($524.6 million), as earnings in its Dutch home market improved.