NN Group: Delta Lloyd and capital gains drive results.
(CercleFinance.com) - NN Group, the former insurance and asset management arm of Dutch giant ING, posted a 68.
5% rise in quarterly net profit, driven by the contribution of Delta Lloyd and capital gains.
NN Group, whose results include Delta Lloyd for the second time after the acquisition of the insurer last April, announced that its net income rose to 734 million euros over the past quarter, up from 436 million euros in the third quarter of 2016.
Operating profit from ongoing business also rose, reaching 431 million euros in the third quarter, compared with 319 million euros a year ago.
NN Group's assets under management reached 244 billion euros at the end of the quarter.
Excluding the non-life business, the group said that all businesses performed well, with Japan life and insurance in Europe in particular posting a healthy increase in earnings and strong sales growth.
NN Group shares were down 1.4% at 34.7 euros on Euronext Amsterdam this Thursday morning.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
5% rise in quarterly net profit, driven by the contribution of Delta Lloyd and capital gains.
NN Group, whose results include Delta Lloyd for the second time after the acquisition of the insurer last April, announced that its net income rose to 734 million euros over the past quarter, up from 436 million euros in the third quarter of 2016.
Operating profit from ongoing business also rose, reaching 431 million euros in the third quarter, compared with 319 million euros a year ago.
NN Group's assets under management reached 244 billion euros at the end of the quarter.
Excluding the non-life business, the group said that all businesses performed well, with Japan life and insurance in Europe in particular posting a healthy increase in earnings and strong sales growth.
NN Group shares were down 1.4% at 34.7 euros on Euronext Amsterdam this Thursday morning.
Copyright (c) 2017 CercleFinance.com. All rights reserved.