NN Group

Nationale Nederlanden (logo)

NN Group N.V. is a Dutch financial services company headquartered in The Hague, Netherlands. It offers insurance, pensions, and asset management services. The company was established in 2014 following the split of ING Group into ING Bank and NN Group. NN Group is listed on the Euronext Amsterdam.

History

NN Group's origins can be traced back to the establishment of the Nationale-Nederlanden insurance company in 1963 through the merger of two Dutch insurance companies. Over the years, Nationale-Nederlanden grew through various acquisitions and expansions into different markets. In 1991, it merged with NMB Postbank to form ING Group, a global banking, insurance, and asset management company. In 2014, as part of a restructuring plan following the 2008 financial crisis and to comply with European Union bailout conditions, ING Group decided to split its banking and insurance operations, leading to the creation of NN Group.

Operations

NN Group operates primarily in the insurance sector, offering life and non-life insurance products, including health, property, and casualty insurance. It also provides pension services and asset management to both individual and institutional clients. The company has a significant presence in Europe and Japan, with its operations spanning across several countries.

Insurance

NN Group's insurance operations include a wide range of products such as life insurance, critical illness cover, and disability insurance. The company focuses on both individual and group insurance policies, catering to the needs of a diverse client base.

Pensions

The company offers various pension solutions, including defined benefit and defined contribution pension schemes. It works closely with employers to provide tailored pension plans that meet the specific needs of their employees.

Asset Management

NN Investment Partners, a subsidiary of NN Group, manages a broad portfolio of assets, including equities, fixed income, and alternative investments. It serves a global clientele, offering investment solutions to individuals, corporations, and institutional investors.

Financial Performance

NN Group has shown resilience in its financial performance, with steady growth in premiums and assets under management. The company's financial results are regularly published, highlighting its operational and financial health.

Corporate Social Responsibility

NN Group is committed to corporate social responsibility (CSR), focusing on sustainable business practices, social initiatives, and environmental conservation. The company supports various community projects and initiatives aimed at improving health, education, and financial well-being.

Controversies

Like many large financial institutions, NN Group has faced its share of controversies, including issues related to insurance mis-selling and investment policies. The company has taken steps to address these issues, including implementing stricter compliance measures and enhancing customer service.

See Also

• ING Group
• Insurance
• Pensions
• Asset Management
• Euronext Amsterdam

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