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Vendor cognomen : Oracle
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Oracle Accounting Hub Cloud Service 2018 Implementation Essentials book

NN community stories 4Q18 and 2018 results | 1Z0-1019 Dumps and actual test Questions with VCE drill Test

February 14, 2019 01:01 ET | source: ING insurance Eurasia N.V

Solvency II ratio 230%, ultimate dividend and participate buyback announced

  • 4Q18 operating outcomes of the ongoing company of EUR 343 million, greatly reliable versus 4Q17 reflecting greater effects at Netherlands existence, Netherlands Non-lifestyles, coverage Europe and Japan existence, offset via lower outcomes on the side different and Asset administration
  • Full-yr 2018 operating sequel of the ongoing company of EUR 1,626 million, up 3% from 2017
  • net result EUR -533 million in 4Q18 versus EUR 700 million in 4Q17, reflecting the goodwill impairment because of the growth of the integration of NN life and Delta Lloyd life (as announced on 13 December 2018) and decrease non-operating items
  • Full-year 2018 net result of EUR 1,117 million versus EUR 2,a hundred and ten million in 2017
  • extra cost savings of EUR 20 million in 4Q18, bringing total cost rate reductions to EUR 289 million versus the full-12 months 2016 administrative price base
  • APE on the coverage agencies up 8.1% at regular currencies in comparison with 4Q17. Full-12 months 2018 cost of new enterprise (VNB) of EUR 391 million, up 13.four% from 2017
  • 2018 closing dividend concept of EUR 1.24 per mediocre share, bringing the total-12 months 2018 dividend to EUR 1.ninety per typical share, or approximately EUR 637 million in total, up 14.5% compared with 2017
  • Solvency II ratio of 230% reflects adjustments in the corporate tax rate in the Netherlands, the fill an sequel on of the closing dividend and the termination of the warrant shrink in addition to negative fairness revaluations, partly offset via the growth of the Partial interior model and operating capital technology
  • keeping enterprise cash capital improved to EUR 2,005 million, reflecting internet dividends from subsidiaries partly offset via shares repurchased within the fourth quarter of 2018 and the termination of the warrant agreement with ING Groep
  • Share buyback programme as much as EUR 500 million over one year, anticipated to initiate on 1 March 2019 
  • observation of Lard Friese, CEO

    '2018 changed into a a hit yr for their business. They additional bolstered their market space and reached a number of essential milestones in the integration procedure of Delta Lloyd's asset management, banking and the Dutch and Belgium assurance agencies. They received approval from the Dutch primary financial institution (DNB) to extend their Partial interior model to encompass the Delta Lloyd lifestyles and Non-existence entities in the Netherlands, and they merged Delta Lloyd life and Non-lifestyles into NN being and Non-life on 1 January 2019. within the Netherlands and Belgium, we've completed total can freight price downs up to now of EUR 289 million in comparison with the complete-yr 2016 administrative cost base. they fill further integrated groups, techniques and processes, multiplied effectivity, and delivered new items and services to fullfil their customers' wants. The rebranding of Delta Lloyd's products and functions to Nationale-Nederlanden is essentially comprehensive.

    The 2018 working sequel become up 3% in comparison with 2017, pushed via stronger performance at Netherlands lifestyles, Netherlands Non-existence and insurance Europe, while at the equal time Japan existence, their asset supervisor and the reinsurance company faced some headwinds.

    commercial momentum endured, supported by means of an superior product combine that drove a 19.6% raise in the value of new company in Europe and a ten.three% raise in Japan in 2018 in comparison with 2017. New sales in 2018 had been down compared with 2017, as pension contracts in the Netherlands don't look to subsist renewed each yr and in 2018 they saw a lessen extent of pension contracts arising for renewal.

    in keeping with their objective to obtain price introduction and ecocnomic growth, they achieved the acquisition of Aegon's lifestyles coverage trade in the Czech Republic and its being coverage and pension businesses in Slovakia in January 2019.

    Our steadiness sheet remained robust in the fourth quarter, with a Solvency II ratio of 230% after deducting the ultimate dividend, and a money capital position of EUR 2,005 million. they can hint a 2018 ultimate dividend of EUR 1.24 per typical participate at their Annual well-known meeting of Shareholders on 29 may additionally 2019. in conjunction with the interim dividend paid in September 2018, this brings the total-yr 2018 dividend per yardstick participate to EUR 1.90, up 14.5% compared with 2017 and represents a pay-out ratio of fifty% of the entire-yr 2018 internet working sequel of the ongoing company. this is in keeping with their goal for a double-digit boost in the dividend per participate in 2018.

    we are nowadays aphorism a programme to buy returned shares as much as EUR 500 million over a length of three hundred and sixty five days. This underlines their disciplined capital administration as well as their dedication to returning excess capital to shareholders. on the identical time, they deem it's primary to hold a robust capital position and the financial flexibility to subsist able to pursue alternatives to enhance their company extra and to create extra value.

    We once more took steps to integrate Environmental, convivial and Governance (ESG) considerations into their investment strategies. in addition, NN community accelerated its ranking within the Sustainalytics ranking and now ranks amongst the leaders within the sector. In January 2019, NN neighborhood become protected in the Bloomberg Gender Equality Index. This index highlights 230 corporations which are committed to transparency in office gender reporting.

    All these achievements don't fill been feasible without the dedication and efforts of their personnel and trade partners. They proceed to focal point on their key priorities to successfully integrate Delta Lloyd, extra extend performance, accelerate the transformation of the trade model, and to allocate capital rationally. i am confident that the trade is smartly-located to carry on their priorities going forward.'

    NN group key figures

    In EUR million 4Q18 4Q17 amendmentFY18 FY17 trade               operating outcomes ongoing business1) 343 345 -0.7% 1,626 1,586 2.5% net outcome -533 700   1,117 2,one hundred ten -47.1%                 4Q18 3Q18 4Q17       Solvency II ratio2) 230% 239% 199%      

    word: sum footnotes are covered on web page 29

    strategy and priorities

    Our companies are developed on a high-quality foundation of aim, values and manufacturer attributes, which, mixed with a powerful focal point on their strategic priorities, allows for us to create long-term price. here's how they carry on their ambition to subsist a corporation that actually concerns within the lives of their stakeholders.

    Netherlands

    in the Netherlands, new pension customers are choosing NN for its eye-catching items, the pleasant of carrier, and the fiscal situations. for instance, A.S. Watson transferred its pension plans to NN being and BeFrank as of January 2019. Interfood, a global dairy company, additionally chosen NN being to manage its pension plan.

    In November, NN bank extended its loan product range by pass of launching the 'buy-to-Let' personal loan, principally designed for financing residential property for private letting.

    NN goals to adjust its company to altering market dynamics, and normally appears for brand spanking new how you can meet consumers' needs. In January 2019, Nationale-Nederlanden, at the side of a few third parties, launched ultimate Day cybersecurity. faultless Day, an initiative from the innovation centre Sparklab, focuses solely on SMEs. It includes a brand new provider that offers functional insights (for instance on vulnerability of websites, protection of customer tips or susceptible passwords), gives concrete options, and makes cybersecurity not pricey.

    We continue to explore options to build partnerships, and invest in expertise and analytics so one can champion us to Strengthen their providing. according to this strategy, NN group has entered right into a partnership with Crunchr, a puerile trade that develops and offers cloud solutions for workforce analytics. Its items and capabilities enable companies to design group of workers decisions the exercise of statistics and analytics. It also presents tooling for worker surveys. by using adding the Crunchr items to its providing, NN will supply a boost to its space as a company companion.

    The products of ABN AMRO Verzekeringen fill been known through a considerable number of organisations for his or her elevated fine. The company additionally got an award for gold yardstick insurer through the Dutch journal management crew, and changed into given five stars by pass of MoneyView. moreover, OHRA received a bronze EFFIE, a respected communique award in the Netherlands, for its crusade 'Mobiel Verzekeren'. This yr OHRA changed into awarded for its a success crusade 'Rob and Els', which met the set ambitions in terms of cognizance, angle and behavior.

    Movir, which offers individual disability insurance to self-employed laborers in the Netherlands, was awarded the title of most reliable profits insurer by using the association of unbiased economic advisors, Adfiz. Movir additionally ranked first within the class 'premiere confederate claims managing'.

    foreign assurance

    NN's international assurance businesses are increasing their portfolio of protection items and delivered a couple of new propositions in a considerable number of markets. as an example, Nationale-Nederlanden in Spain launched a new life assurance protection product, 'Contigo Familia', protecting loss of life, disability and illness, with several modular alternatives tailor-made to a customer's profile and that of his or her family. purchasers fill 24/7 access to medical certified through a fitness app referred to as 'assembly medical doctors'.

    NN lifestyles Japan continues to extend new business-Owned life insurance (COLI) items, and expands and diversifies its distribution within the increasingly competitive market, with a focus on value over volume. COLI sales through Sumitomo lifestyles accounted for 11% of NN lifestyles Japan's total revenue in 2018. Sumitomo lifestyles brokers started providing NN life Japan's accelerated alive incapacity improvement and extending term products in April 2017, and its vital ailment insurance as of April 2018. the brand new COLI product brought in November 2018 provides insurance to enterprise house owners in the event of unexpected accidents, the want for nursing confidence or disability. income carried out smartly within the ultimate two months of 2018.

    NN Turkey launched a modular, springy and ingenious life insurance pass product in November. The product helps purchasers throughout the diverse levels in lifestyles, with its advantages adapting to meet a client's changing needs. NN Turkey also launched 'e-NN', the company's first on-line income platform offering three products: life, notable ailment and personal accident coverage tips services. It aims to expand the product latitude within the near future.

    In 2018, overseas insurance set up a centre of excellence, 'NN data Science Hub', to supply a boost to analytics capabilities and accelerate up information-pushed transformation. At NN, analytics is used to extend techniques during the cost chain: from product construction to marketing and sales, from risk assessment and underwriting to claims management. as an instance, the Hub launched a pilot for a climate alert gadget for home assurance shoppers in Spain. When the reliable Spanish weather forecast website expects unsafe weather, an alert should subsist despatched to valued clientele so they can hold acceptable measures to avoid any damages to their properties.

    As a economic functions enterprise lively in 18 nations, they operate within several regulatory environments. In Romania, where NN is market chief in life and pensions, the government permitted huge changes to the second pension pillar in December 2018. These changes are being closely studied by using NN and may influence the fundamentals of the 2nd pension pillar device in Romania.

    Asset management

    NN investment companions (NN IP) achieved the mixing of Delta Lloyd Asset management (DLAM) in the 2nd quarter of 2018. With the purpose to enhanced leverage on present capabilities and accelerate up determination-making, in November, NN IP introduced its goal to consolidate the Luxembourg administration company, NN funding companions Luxembourg S.A., with NN investment partners B.V., the Dutch licensed entity.

    NN IP goals to set up and boost partnerships for distributing its items and solutions. within the fourth quarter of 2018, it reached an shrink to toughen the lengthy-term partnership with ING bank Slaski in Poland. under this settlement, ING bank Slaski will purchase a 45% stake in NN IP in Poland, and distribute NN IP funding money to the Polish retail market through its huge department community. In Japan, in conjunction with Rakuten Securities it introduced the launch of a new investment service, which makes it feasible to deliver a personalized goal-yr investment acknowledge for retail customers. the primary items and options through NN IP's partnership with Irish lifestyles investment management were launched.

    NN IP considers ESG analyses sum over the entire investment manner. The NN (L) Euro eco-friendly Bond Fund has grown into some of the world's greatest eco-friendly bond cash, crossing an AuM of EUR 570 million. in the fourth quarter of 2018, NN IP launched the NN (L) European Sustainable Infrastructure Debt Fund, in keeping with growing investor demand for top property infrastructure debt investments with astounding and predictable cash flows, generated from property that design contributions to a greater sustainable future.

    In its latest update, Morningstar awarded superstar Fund, the third pillar Belgian pension fund managed through NN IP Belgium, four Morningstar Globes. The fund also looks in the 14th percentile in terms of sustainability in the class "Allocation EUR flexible", making it the most desirable-ranked Belgian third pillar pension fund disbursed in Belgium.

    different hobbies

    In November 2018, NN community turned into recognised with the basic fifth space within the 2018 Tax Transparency Benchmark. This view at is commissioned by using the Dutch affiliation of buyers for Sustainable construction (VBDO), and ranks 76 Dutch listed companies on their stage of transparency related to their tax mode and implementation.

    For the fourth consecutive yr, NN community more suitable its score within the world actual property Sustainability Benchmark (GRESB), outperforming nearly sum of the 850 GRESB participants. within the 2018 evaluation, NN community investments in inner most proper estate received an superior rating of 80 (on a scale of 1 to one hundred) in opposition t a valuable benchmark regular of sixty six. The portfolio maintained four stars out of 5 within the 2018 ranking. The GRESB is a number one global regular for assessing actual estate's environmental, convivial and governance (ESG) performance, together with efficiency warning signs reminiscent of energy, greenhouse gas emissions, water and waste.

    NN community Profile

    NN neighborhood is an international economic services company, lively in 18 countries, with a powerful presence in a couple of European nations and Japan. With sum its personnel, the neighborhood gives retirement functions, pensions, coverage, investments and banking to approximately 17 million consumers. NN group comprises Nationale-Nederlanden, NN, Delta Lloyd, NN funding partners, ABN AMRO assurance, Movir, AZL, BeFrank and OHRA. NN community is listed on Euronext Amsterdam (NN).

    Analyst and investor name

    Lard Friese and Delfin Rueda will host an analyst and investor conference summon to talk about the 4Q18 consequences at 10.30 am CET on Thursday 14 February 2019. members of the investment group can subsist a allotment of the convention cognomen at +31 20 531 5865    (NL), +forty four 203 365 3210    (UK), +1 866 349 6093    (US) or celebrate the webcast on www.nn-neighborhood.com/traders.

    Press call

    Lard Friese and Delfin Rueda will host a press summon to focus on the 4Q18 effects, which may subsist held at 07.45 am CET on Thursday 14 February 2019. Journalists can combine the clicking summon at +31 20 531 5863    (NL).

    monetary calendar

    publication 1Q19 consequences: 16 might also 2019 Annual conventional meeting: 29 may 2019   ebook 2Q19 effects: 15 August 2019 reserve 3Q19 consequences: 14 November 2019

    Contact assistance

    Press enquiries

    Media members of the family+31 70 513 1918   mediarelations@nn-group.com

      Investor enquiries

    Investor relations+31 88 663 5464   investor.relations@nn-neighborhood.com

    more information on www.nn-neighborhood.com

  • NN community 4Q18 financial supplement, NN community 4Q18 Analyst Presentation
  • photos of NN neighborhood executives, buildings and events are available for obtain at Flickr
  • essential legal assistance

    elements of this press liberate comprise or might also accommodate guidance about NN community N.V. within the which means of Article 7(1) to (4) of ecu regulation No 596/ 2014 (Market mistreat regulation). NN community's Consolidated Annual money owed are organized in accordance with overseas financial Reporting necessities as adopted by the european Union ("IFRS-ecu") and with allotment 9 of ebook 2 of the Dutch Civil Code. In getting ready the economic counsel in this document, the selfsame accounting principles are applied as in the NN neighborhood N.V. Condensed consolidated intervening time bills for the era ended 30 September 2018. The Annual bills for 2018 are in progress and can subsist discipline to changes from subsequent events.

    All figures during this document are unaudited. little modifications are possible within the tables as a result of rounding. inevitable of the statements contained herein aren't ancient facts, together with, without obstacle, positive statements made from future expectations and different forward-searching statements which are in line with management's existing views and assumptions and accommodate time-honored and unknown dangers and uncertainties that may trigger precise outcomes, performance or hobbies to vary materially from those expressed or implied in such statements. actual effects, efficiency or pursuits may additionally range materially from those in such statements because of, with out challenge: (1) adjustments in established financial situations, in particular economic situations in NN community's core markets, (2) changes in efficiency of financial markets, including setting up markets, (three) consequences of a potential (partial) break-up of the euro or European Union countries leaving the european Union, (4) adjustments in the availability of, and costs linked to, sources of liquidity as well as conditions within the credit score markets often, (5) the frequency and severity of insured loss activities, (6) adjustments affecting mortality and morbidity degrees and tendencies, (7) adjustments affecting persistency tiers, (eight) changes affecting hobby price stages, (9) changes affecting forex alternate charges, (10) alterations in investor, consumer and policyholder behaviour, (eleven) changes in usual competitive components, (12) adjustments in laws and rules and the interpretation and application thereof, (13) alterations in the guidelines and movements of governments and/or regulatory authorities, (14) conclusions in regards to accounting assumptions and methodologies, (15) changes in ownership that may fill an sequel on the future availability to NN community of net working loss, internet capital and developed-in loss rear forwards, (16) adjustments in credit score and fiscal might rankings, (17) NN group's skill to achieve projected operational synergies, (18) catastrophes and terrorist-linked movements, (19) adversarial developments in prison and other proceedings and (20) the other dangers and uncertainties contained in fresh public disclosures made via NN community.

    Any forward-looking statements made by pass of or on behalf of NN group talk simplest as of the date they are made, and, NN neighborhood assumes no duty to publicly replace or revise any ahead-looking statements, whether because of new suggestions or for any other cause.This document doesn't constitute an present to promote, or a solicitation of a suggestion to buy, any securities.


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