NN Group : Small decline Solvency ratio and cash and a small rise of the OCG
>Conclusion: Small decline Solvency ratio and cash and small rise of OCG - In H1 23 we expect the Solvency 2 ratio to decline marginally by -3pp to 194% by end H1 23, mostly driven by declining real estate prices. In H1 23 we an Operational Cap Generation (OCG) of € 866m. We see the cash at holding to decline somewhat to € 1.85bn by end H1 23 by a debt redemption. Solvency 2 ratio declining marginally by -3pp to 194% - On 29 August NN Group is to deli...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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