Instead, damage claim payments on the insurance segment amounted to RON559 million in 2022, up 16% versus 2021,
The coefficient ratio was 2.61 and the solvency margin reported under Solvency II was 203%, confirming the company’s financial stability and ability to meet its obligations to customers. At the same time, the company boosted its foothold in the economy through total contributions worth almost RON68 million paid to the state budget, higher by 23% than the level reported in the previous year.
NN Asigurari de Viata managed financial assets worth RON4.45 billion in 2022, close to the level reported at the end of the previous year, due to efforts aimed at mitigating the effects of volatility on the financial markets on unit-linked insurance. The company ended 2022 with a gross profit of RON106 million, as per unaudited financial results, 23.7% higher versus the previous year which was marked by a higher investment volume in digital transformation.
On the segment of private voluntary pensions managed by NN Asigurari de Viata, the company continued to help customers to save more money for their future pensions. The net assets managed exceeded the RON2 billion threshold at end-2022, a combined value for the pension funds NN Activ and NN Optim, higher by 7.1% than the 2021 level, which translates into a market share of 55.4%, in line with data from Romania’s Financial Supervisory Authority, or ASF.
On the segment of private mandatory pensions managed by NN Pensii, 2022 ended with net assets managed in the amount of RON33 billion, higher by 6.2% than the level at end-2021, which translates into a 34.3% market share, in line with ASF data.