NN Asigurari de Viata also registered gross underwritings of RON940 million on the life and health insurance segment in 2021, up 10.2% from 2020.
In 2021, indemnities for insurance policies that reached the end of the contractual period, repurchased or terminated, totaled RON405 million. The liquidity ratio of NN Asigurari de Viata was 3.05 in 2021 and the solvency margin reported under Solvency II was 272%.
On the segment of voluntary private pensions managed by NN Asigurari de Viata, the company reached net assets managed of over RON1.8 billion at end-2021, 18.2% more than in 2020. NN Activ and NN Optim funds represent a market share of 54.8%. The two funds had more than 271,000 participants at end-2021, accounting for 48.1% of the total number of participants to Pillar III. NN Asigurari de Viata generated yields of 9.24% for NN Activ and 5.12% for NN Optim in 2021, in line with calculations based on data from Romania’s financial supervisory authority ASF.
On the segment of mandatory private pensions managed by NN Pensii, the volume of net assets managed reached RON31.1 billion at end-2021, accounting for almost 35% of the market, 19.1% above the level recorded at end-2020. The fund managed by NN Pensii had more than 2 million participants at end-2021, accounting for 26.3% of the total number of participants to Pillar II. NN Pensii generated a 7.25% yield in 2021, in line with calculations based on ASF data.