NN Group : 2H20 profit higher and OCG lower, OCG to rise to € 1.28bn in 2021
>Conclusion - In 2H20, the IFRS earnings were well better than expected by the shift to higher yielding assets. However the Solvency 2 OCG capital generation was well less than expected by the UFR effect from declining interest rates and negative experience variance. However, YTD21 interest rates rose well directly alleviating the full adverse UFR OCG 2H20 effect. We expect the OCG capital generation to rise from € 1bn in 2020 to € 1.28bn in 2021, being on track to re...NN Group is a financial services company based in the Netherlands. Co. engages in insurance and investment management activities, providing life and non-life insurance products primarily in the Netherlands, Belgium, rest of Europe, and Asia. Co. offers group and individual life insurance; and motor, transport, fire, liability, travel, and income insurance. Co. also offers retirement, insurance, investments, and banking services to retail, SME, corporate, and institutional customers. Co. is active in 18 countries, with a presence predominantly in a number of European countries and Japan.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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