NN Group : Solvency somewhat better, SBB in line, OCG marginally better
>Conclusion: Solvency somewhat better, SBB in line, OCG marginally better - The Solvency ratio was somewhat better than expected by some optimising/hedging/managing interest rate position. The € 250m SBB was in line, and dividend marginally higher, which might still be somewhat of a relief for the market. The OCG capital generation was marginally better by NL non life, the bank and Europe. IFRS operating profit was less but there is low focus on that. For the FY23 it ...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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