- Underlying earnings amount to EUR 435 million; higher earnings from Europe more than offset by the Americas mainly due to adverse claims experience, low interest rates and lower variable annuity earnings
- Fair value items loss of EUR 378 million, mostly driven by the impact of low interest rates on hedging programs
- Net loss of EUR 385 million due to book loss on divestment of UK annuity book and fair value items
- Return on equity of 6.8%
Continued strong sales from deposit businesses; decline in life sales reflects continued focus on profitability
- Gross deposits at high level of EUR 23 billion driven by US retirement plans, asset management and savings deposits in the Netherlands; net deposits, excluding run-off businesses, of EUR 1.2 billion
- New life sales decline 11% to EUR 244 million as a result of focus on profitability
- Accident & health and general insurance sales down 9% to EUR 226 million, mainly from lower production in US
- Market consistent value of new business decreases to EUR 100 million due to lower life sales and interest rates
Capital position remains solid as a result of management actions; interim dividend increased by 8%
- Solvency II ratio increased to an estimated 158%, as capital generation and management actions, including UK annuity book divestment, offset adverse market impacts
- Capital generation of EUR 0.9 billion; EUR 0.3 billion excluding market impacts and one-time items
- Holding excess capital up to EUR 1.1 billion as net dividends received from the units more than offset capital return to shareholders and holding expenses
- Gross leverage ratio increases to 29.6% driven by capital return to shareholders and net loss
- Interim dividend increases 8% to EUR 0.13 per share; intention to neutralize dilutive effect of stock dividend
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