NN Group : SBB and OCG capital generation better, non life better, rest in line
>Conclusion: SBB and OCG capital generation better, rest in line - The SBB was with € 1bn higher than expected. Also the 2H21 OCG capital generation were better than expected supported by non life and life. The 2H21 non life result was better driven by good P&C results/claims. The total operating earnings were in line. The cash at holding and solvency were also in line. Given the good OCG in 2021 and the rising interest rates we have even more confidence in that they...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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