Dutch insurer NN Group tops expectations in full-year results (updated)

NN

20/02/2025 06:25

(Adds details on results paragraph 3-4)
       Feb 20 (Reuters) - Dutch insurer NN Group  NN.AS  posted
higher-than-expected full-year capital generation on Thursday,
supported by favourable business developments at its Dutch
non-life insurance division.
    The Netherlands' largest insurer said its operating capital
generation rose 1.1% to 1.92 billion euros ($2.00 billion) in
2024, above the consensus of 1.89 billion euros provided by the
company.
    Its Solvency II ratio - a measure of insurers' capital
strength under European Union rules - was 194% at the end of
December, compared with the 185% expected by analysts.
        The Hague-based group said it would propose a final
dividend of EUR 2.16 per share, bringing the total dividend for
2024 to EUR 3.44 per share. It also announced a 300-million-euro
share buyback program.
  

($1 = 0.9590 euros)

 (Reporting by Alban Kacher; Editing by Christopher Cushing and
Janane Venkatraman)
 ((alban.kacher@thomsonreuters.com; +48 58 769 65 87;))