Life insurer NN Asigurari de Viata administered financial assets worth RON3.1 billion in January-March 2016, up 6.3% from the first three months of 2015.
NN Asigurari de Viata paid its customers benefits worth RON8.2 million for insured events, on the year in the first quarter of 2016. The value of payments for contracts redeemed or terminated in the first three months of 2016 fell 5% down to RON42.4 million. The liquidity ratio of NN Asigurari de Viata reached 4.8 at the end of the first quarter of 2016.
NN Asigurari de Viata’s gross profit stood at RON6 million in January-March 2016 and includes exceptional expenses incurred as part of the company’s rebranding process into NN, which was set off in early 2015, as well as investments in developing business operations on the Romanian market. Its profit from current operations, excluding these exceptional expenses, reached RON6.8 million between January and March 2016.
On the voluntary pensions segment, the company registered net assets managed to the advantage of participants in the amount of RON646.5 million, cumulated for pension funds NN Activ and NN Optim, up nearly 20% from the same period in 2015. The volume of assets administered by NN Asigurari de Viata accounts for little below 50% of overall assets administered on the entire voluntary pensions market.