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NN Group core profit surges, beats estimates
May 18, 2017 / 5:32 AM / 4 months ago

NN Group core profit surges, beats estimates

AMSTERDAM, May 18 (Reuters) - Dutch insurer NN Group on Thursday posted an unexpected rise of 33 percent in first-quarter core profits, buoyed by cost-cutting measures and better results in business segments.

The operating result came in 406 million euros ($452 million), up from 305 million euros in the year-ago period, beating analysts’ expectations of 316 million euros.

$1 = 0.8976 euros Reporting by Toby Sterling; Editing by Sherry Jacob-Phillips

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