Anthony Yang's questions to NN Group NV/ADR (NNGRY) leadership • Q2 2023
Question
Sought confirmation on the OCG contribution from the MetLife acquisition, asked about lapse experience in the European protection portfolio, and questioned if the group's solvency range applies to the Netherlands Life unit.
Answer
The €50 million OCG contribution from the MetLife acquisition is now expected to be achieved in 2023, a year ahead of plan. Lapse experience in the European protection portfolio has been positive, with persistency improving slightly. While the group's solvency range is 150-200%, the higher sensitivities of the Life business are a consideration for its specific operating level.