NN Group : Solvency 2 ratio decline somewhat to 193% by end 1H24, OCG of € 900m
>Conclusion: S2 ratio decline somewhat to 193% by end 1H24, OCG of € 900m - For end 1H24 we expect the group Solvency 2 (S2) ratio to decline marginally to 193% (from 197% end 2023) driven by one-off earlier highlighted items and temporary sovereign spread widenings. We estimate a good OCG of € 900m for 1H24, and they already guided an OCG of € 1.8bn for FY24. Operationally in non-life P&C the combined ratio is likely to be somewhat higher by more fires/weather claims...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.