Brief: NN Group Reports Full-Year Operating Result Was Eur 2.5 Billion

NN

29/02/2024 05:55

Feb 29 (Reuters) - NN Group NV  NN.AS :
    * NN GROUP REPORTS STRONG BUSINESS AND FINANCIAL PERFORMANCE
AND
INCREASES TARGETS
    * INCREASED OCG TARGET TO EUR 1.9 BILLION AND FREE CASH FLOW
TARGET OF EUR 1.6 BILLION IN 2025
    * NN GROUP SOLVENCY II RATIO REMAINS ROBUST AT 197% FROM
201% AT
30 JUNE 2023;
    * FULL-YEAR OPERATING RESULT WAS EUR 2.5 BILLION; FULL-YEAR
NET
RESULT WAS EUR 1.2 BILLION
    * FULL-YEAR OPERATING RESULT WAS EUR 2.5 BILLION; FULL-YEAR
NET
RESULT WAS EUR 1.2 BILLION
    * CONSEQUENTLY, 15% STEP-UP OF 2023 TOTAL DIVIDEND TO EUR
3.20 PER
SHARE; STRUCTURAL INCREASE OF ANNUAL SHARE BUYBACK PROGRAMME TO
EUR 300 MILLION
    * VALUE OF NEW BUSINESS WAS EUR 330 MILLION IN 2023 VERSUS
EUR 432
MILLION IN 2022, REFLECTING LOWER SALES IN JAPAN
    * RECORD NET INFLOWS OF EUR 2.3 BILLION AT OUR DEFINED
CONTRIBUTION PENSION BUSINESS IN 2023

Source text: [https://shortly.cc/BPdzf]
Further company coverage:  NN.AS 

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