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NN Group NV (NN.AS)

NN.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

NN Group Says Marcel Zuidam Appointed CEO Of Nationale-Nederlanden Bank
Monday, 18 Feb 2019 

Feb 18 (Reuters) - NN GROUP NV ::REG-MARCEL ZUIDAM APPOINTED CEO OF NATIONALE-NEDERLANDEN BANK.ZUIDAM WILL SUCCEED ERIK MUETSTEGE.  Full Article

NN Group Says Chair Of Supervisory Board To Step Down
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - NN Group NV ::REG-SUPERVISORY BOARD CHAIR NN GROUP STEPS DOWN.JAN HOLSBOER, CHAIR OF SUPERVISORY BOARD HAS DECIDED TO STEP DOWN AS OF CLOSE OF ANNUAL GENERAL MEETING (AGM) ON 29 MAY 2019.SUPERVISORY BOARD HAS ELECTED DAVID COLE AS JAN HOLSBOER'S SUCCESSOR.  Full Article

ING Bank Slaski To Buy 45% Shares In NN TFI For 177.2 Mln Zlotys
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - ING Bank Slaski SA ::SAYS ITS UNIT SIGNS PRELIM DEAL TO BUY 45% SHARES IN NN INVESTMENT PARTNERS TFI (NN TFI) FROM NN INVESTMENT PARTNERS INTERNATIONAL HOLDINGS BV.SAYS PRICE FOR 45% NN TFI SHARES IS SET AT 177.2 MILLION ZLOTYS.SAYS PRICE WILL BE INCREASED BY INTEREST OF 2.5% ANNUALLY FROM JAN 1, 2018 TO DATE OF CLOSING THE DEAL.SAYS EXPECTS TO CLOSE THE DEAL IN Q2 2019.SAYS ESTIMATED IMPACT ON CONSOLIDATED TCR AND TIER 1 RATIO IS AT CA. IS 15BPS.  Full Article

NN Group To Execute Legal Mergers Of Life And Non-Life Entities In The Netherlands
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - NN GROUP NV ::NN GROUP TO EXECUTE LEGAL MERGERS OF LIFE AND NON-LIFE ENTITIES IN THE NETHERLANDS.LEGAL MERGERS WILL BECOME EFFECTIVE ON 1 JANUARY 2019.AS A RESULT, NN LIFE WILL ASSUME ALL ASSETS AND LIABILITIES OF DELTA LLOYD LIFE, INCLUDING ITS SUBORDINATED NOTES OF EUR 500 MILLION.SAYS IT OBTAINED APPROVAL FROM DNB TO EXECUTE LEGAL MERGERS DELTA LLOYD LIFE INTO NN LIFE AND DELTA LLOYD NON-LIFE INTO NN NON-LIFE.NN LIFE AND DELTA LLOYD LIFE WILL BE COMBINED INTO ONE CASH GENERATING UNIT, BEING SEGMENT NETHERLANDS LIFE, FOR PURPOSE OF GOODWILL IMPAIRMENT TESTING.IFRS BOOK VALUE OF COMBINED NETHERLANDS LIFE SEGMENT WILL BE HIGHER THAN FAIR VALUE OF ITS ASSETS AND LIABILITIES, RESULTING IN ELIMINATION OF GOODWILL FOR DELTA LLOYD LIFE OF EUR 852 MILLION THROUGH CHARGE IN IFRS PROFIT AND LOSS ACCOUNT OF NN GROUP IN Q4 2018.  Full Article

NN Group Q3 Operating Profit From Ongoing Business Up At 463 Million Euros
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - NN GROUP NV ::ON SEPT 10 NN GROUP PAID (NOT WILL PAY) 2018 INTERIM DIVIDEND OF EUR 0.66 PER ORDINARY SHARE."THIS QUARTER'S PERFORMANCE CONFIRMS THAT WE ARE PROGRESSING WELL IN EXECUTING OUR STRATEGY" (NOT WELL ON OUR WAY TO ACHIEVING OUR COST REDUCTION TARGET OF EUR 400 MILLION BY THE END OF 2020).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.Q3NET RESULT OF EUR 788 MILLION, UP 7.3% FROM 3Q17.Q3 NET RESULT EUR 788 MILLION VERSUS EUR 275 MILLION IN REUTERS POLL.  Full Article

NN Group Announces Stock Fraction For 2018 Interim Dividend And Repurchase Of Shares To Neutralise Stock Dividend
Monday, 3 Sep 2018 

Sept 3 (Reuters) - NN GROUP NV ::ANNOUNCES STOCK FRACTION FOR 2018 INTERIM DIVIDEND AND REPURCHASE OF SHARES TO NEUTRALISE STOCK DIVIDEND.SHAREHOLDERS WHO CHOSE TO RECEIVE INTERIM DIVIDEND IN SHARES TO RECEIVE ONE ORDINARY SHARE FOR EVERY 56.21 ORDINARY SHARES HELD.ANY REMAINING STOCK FRACTIONS WILL BE PAID IN CASH.STOCK AND CASH DIVIDEND ARE APPROXIMATELY EQUAL IN VALUE.FOR SHAREHOLDERS THAT HAVE NOT MADE A CHOICE DURING ELECTION PERIOD, DIVIDEND WILL BE PAID IN CASH.  Full Article

Reg-NN Group Reports 2Q18 Results, Q2 Net Result At EUR 463 Million
Thursday, 16 Aug 2018 

Aug 16 (Reuters) - NN Group NV ::REG-NN GROUP REPORTS 2Q18 RESULTS.Q2 SOLVENCY II RATIO AT 226%.Q2 OPERATING RESULT ONGOING BUSINESS EUR 508 MILLION, UP 25.6% FROM 2Q17.SAYS Q2 NET RESULT EUR 463 MILLION, UP 92.7% FROM 2Q17, REFLECTING HIGHER OPERATING RESULT.Q2 NET RESULT EUR 463 MILLION, UP 92.7% FROM 2Q17.2018 INTERIM DIVIDEND OF EUR 0.66 PER ORDINARY SHARE.Q2 TOTAL NEW SALES (APE) OF EUR 357 MILLION, DOWN 7.5% FROM 2Q17 AT CONSTANT CURRENCIES.Q2 GROSS PREMIUM INCOME EUR 2.95 BILLION VERSUS EUR 2.95 BILLION YEAR AGO.Q2 NEW SALES LIFE INSURANCE (APE) EUR 357 MILLION VERSUS EUR 400 MILLION YEAR AGO.WE ARE WELL ON OUR WAY TO ACHIEVING OUR COST REDUCTION TARGET OF EUR 400 MILLION BY END OF 2020.SAYS WE HAVE REACHED AN AGREEMENT TO ACQUIRE AEGON'S LIFE INSURANCE BUSINESS IN CZECH REPUBLIC AND ITS LIFE INSURANCE AND PENSION BUSINESSES IN SLOVAKIA.REUTERS POLL: Q2 OPERATING RESULT ONGOING BUSINESS EUR 428 MILLION.REUTERS POLL: Q2 NET INCOME EUR 313 MILLION; END-Q2 SOLVENCY II RATIO 221 PERCENT.SAYS TO SUCCESSFULLY INTEGRATE DELTA LLOYD, FURTHER IMPROVE PERFORMANCE, ACCELERATE TRANSFORMATION OF BUSINESS MODEL, AND CONTINUE TO ALLOCATE CAPITAL RATIONALLY.  Full Article

Aegon To Sell Businesses In Czech Republic And Slovakia to NN Group
Thursday, 16 Aug 2018 

Aug 16 (Reuters) - AEGON NV ::AEGON TO DIVEST ITS BUSINESSES IN CZECH REPUBLIC AND SLOVAKIA.TO SELL ITS BUSINESSES IN CZECH REPUBLIC AND SLOVAKIA FOR EUR 155 MILLION TO NN GROUP..  Full Article

NN Group To Sell Dutch Residential Real Estate Portfolio To Vesteda
Friday, 22 Jun 2018 

June 22 (Reuters) - NN GROUP NV ::NN GROUP TO SELL DUTCH RESIDENTIAL REAL ESTATE PORTFOLIO TO VESTEDA.AGREEMENT REGARDING SALE OF A DUTCH RESIDENTIAL REAL ESTATE PORTFOLIO OF 6,777 UNITS FOR TOTAL CONSIDERATION OF APPROXIMATELY EUR 1.5 BILLION.COMPLETION OF TRANSACTION IS EXPECTED BEFORE END OF JUNE 2018.PURCHASE PRICE WILL BE PAID APPROXIMATELY 75% IN PARTICIPATION RIGHTS IN THE VESTEDA FUND AND 25% IN CASH.SAYS VESTEDA ACQUIRES A PORTFOLIO THAT CONSISTS OF 5,983 EXISTING RESIDENTIAL UNITS AND 794 UNITS IN DEVELOPMENT PROJECTS.AS RESULT OF TRANSACTION CAPITAL GAIN OF APPROX EUR 80 MILLION WILL BE RECOGNISED AS NON-OPERATING ITEM IN Q2.VESTEDA TRANSACTION WILL NOT HAVE A MATERIAL IMPACT ON CAPITAL POSITION AND OPERATING RESULT OF NN GROUP.TRANSACTION WILL NOT HAVE A MATERIAL IMPACT ON CAPITAL POSITION AND OPERATING RESULT OF NN GROUP.  Full Article

NN Group Announces Stock Fraction For 2017 Final Dividend And Repurchase Of Shares To Neutralise Stock Dividend
Monday, 18 Jun 2018 

June 18 (Reuters) - NN Group NV ::REG-NN GROUP ANNOUNCES STOCK FRACTION FOR 2017 FINAL DIVIDEND AND REPURCHASE OF SHARES TO NEUTRALISE STOCK DIVIDEND.SHAREHOLDERS WHO ELECTED TO RECEIVE FINAL DIVIDEND IN SHARES WILL RECEIVE ONE NN GROUP N.V. ORDINARY SHARE FOR EVERY 35.03 ORDINARY SHARES HELD.  Full Article

WRAPUP 1-Aegon takes capital hit from low rates, market turmoil

* NN Group maintains forecasts, shares rise (Combines details, quotes from both companies' earnings)