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18 May 2016 - 07:45 CET

NN Group acquires Notus Financial Advisors in Poland

NN Group today announces that it has reached an agreement to acquire 100% of the shares of Dom Kredytowy Notus S.A. (‘Notus’). Notus is a leading financial broker in Poland, offering mortgage loans, insurance, investment and savings products.

This transaction is in line with NN Group’s strategy to achieve profitable growth through multi-access distribution in Europe, with Poland as an important growth market. The acquisition of Notus will further strengthen and diversify the distribution network of Nationale-Nederlanden Poland with over 350 of Notus’ own agents in Poland’s largest cities as well as nationwide coverage through franchises giving access to 600 financial advisors.

The transaction is not expected to have a material impact on the capital position and operating result of NN Group and will be funded by Nationale-Nederlanden Poland. It is subject to regulatory approval and is expected to close in the second half of 2016.

About Nationale-Nederlanden Poland

Nationale-Nederlanden Poland is the third-largest life insurer in Poland offering traditional, unit-linked and protection life insurance, pension, investment and savings products to retail, SME and corporate customers. Nationale-Nederlanden Poland distributes its products through tied agents, brokers, multi-agents, bancassurance and its direct channel.

  • NN Group profile

    NN Group is an international insurance and asset management company, active in more than 18 countries, with a strong presence in a number of European countries and Japan. With around 11,500 employees the group offers retirement services, insurance, investments and banking to more than 15 million customers. NN Group includes Nationale-Nederlanden, NN and NN Investment Partners. NN Group is listed on Euronext Amsterdam (NN).
  • Important legal information

    All figures in this document are unaudited. Small differences are possible in the tables due to rounding. Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation: (1) changes in general economic conditions, in particular economic conditions in NN Group’s core markets, (2) changes in performance of financial markets, including developing markets, (3) consequences of a potential (partial) break-up of the euro, (4) changes in the availability of, and costs associated with, sources of liquidity as well as conditions in the credit markets generally, (5) the frequency and severity of insured loss events, (6) changes affecting mortality and morbidity levels and trends, (7) changes affecting persistency levels, (8) changes affecting interest rate levels, (9) changes affecting currency exchange rates, (10) changes in investor, customer and policyholder behaviour, (11) changes in general competitive factors, (12) changes in laws and regulations, (13) changes in the policies of governments and/or regulatory authorities, (14) conclusions with regard to accounting assumptions and methodologies, (15) changes in ownership that could affect the future availability to us of net operating loss, net capital and built-in loss carry forwards, (16) changes in credit and financial strength ratings, (17) NN Group’s ability to achieve projected operational synergies and (18) the other risks and uncertainties detailed in the Risk Factors section contained in recent public disclosures made by NN Group.

    Any forward-looking statements made by or on behalf of NN Group speak only as of the date they are made, and, NN Group assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason.

    This document does not constitute an offer to sell, or a solicitation of an offer to buy, any securities.

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