NN Group reports 2Q16 results - Seite 2

Amidst these challenging conditions, new sales of life insurance products held up well compared with the same quarter last year. The execution of our cost saving plans is well underway, and NN Bank is showing robust growth in mortgages and savings, reporting a solid net inflow of retail saving deposits in the first six months of this year.

Going forward, we will continue to focus on the execution of our strategy, delivering excellent service to our customers making our operations more efficient and effective, and pursuing growth in selected European markets and Japan.'
 

NN Group key figures

In EUR million	2Q16	2Q15	Change	6M16	6M15	Change
Operating result ongoing business	321	488	-34.1%	626	792	-21.0%
Net result	335	392	-14.6%	605	877	-31.0%
Net operating ROE	8.6%	14.9%		8.6%	11.8%
Solvency II ratio1)	252%			252%

Note: All footnotes are included on page 27

Quarterly Business Update

NN Group's strong financial position in the first half of 2016 reflects the resilience of its businesses in an environment which continues to be characterised by low interest rates and market volatility. This provides a solid foundation for executing the strategy, which is to deliver an excellent customer experience based on transparent products and services and long-term relationships. NN Group aims to help people secure their financial futures, and is committed to delivering products and services that are easy to understand and meet customers' lifetime needs.