NN Group books significant improvement in net profit
Insurance company NN (Nationale-Nederlander) Group on Wednesday announced a significant improvement in net profit to €252m in the second quarter, up from €39m in the year earlier period.
NN, formerly the insurance arm of financial services group ING, was launched on the Amsterdam stock exchange on July 2.
The strong new sales growth was driven by Japan Life, Insurance Europe and higher pension contract renewals in the Netherlands.
‘The first set of results since the listing of our company reflects investor appetite for our business,’ CEO Lard Friese said in a statement.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.
Make a donation