NN Group Profit Rises In Fourth Quarter

NN Group NV (NN.AE) said Thursday that fourth-quarter net profit rose significantly, increasing to 700 million euros ($866.9 million) from EUR148 million in the same period a year earlier.

For the quarter ended Dec. 31, gross premium income increased to EUR2.80 billion from EUR2 billion.

The Dutch insurance provider attributed the profit rise to higher capital gains, and revaluations of real-estate and derivatives.

The company raised its final dividend to EUR1.04 a share from EUR0.95 the previous year, bringing the full-year dividend up to EUR1.66 from EUR1.55.

NN Group's solvency II ratio--a measure of a company's ability to meet its financial obligations--fell to 199% in the quarter from 204%, reflecting the deduction of the proposed final dividend for 2017.

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