Cor Kluis's questions to NN Group NV/ADR (NNGRY) leadership • Q2 2023
Question
Asked why the 2025 OCG guidance isn't being raised despite potentially hitting the target this year, requested an update on the current Solvency II ratio, and asked for details on the 'other' category in the Solvency II reconciliation.
Answer
The strong H1 OCG included one-offs (benign weather, delayed rate pass-through at the bank, reinsurance variances), so the 2025 target remains unchanged for now. The current Solvency II ratio has seen a low single-digit negative impact from markets since the reporting date. The 'other' category is a mix of small, non-material technical items.