The gross profit of NN Asigurari de Viata exceeded RON7 million, including exceptional expenses incurred by the rebranding process. The profit obtained from the current activity rose 25% to RON18.5 million and covered the RON11.5 million costs needed throughout the rebranding process, the company said in a statement.
The share of contracts for unit-linked policies in total new contracts sold in the first half of 2015 increased by seven percentage points against the same period last year.
The average gross premium for contracts subscribed in January-June rose 5% to RON1,786.
The company’s financial assets grew 8.8% to RON2.9 billion.
The company paid its clients benefits worth RON15.8 million for insured events in January-June, up 19% on the year. For contracts that reached maturity, NN paid its clients benefits worth RON50.7 million, up 4.8% against the first half in 2014.
At the end of June, NN Asigurari de Viata’s available solvency margin stood at 1.35 and its liquidity coefficient stood at 4.7.
On the voluntary private pension market, the two funds managed by NN Asigurari de Viata, namely, Activ and Optim, had a 49.06% market share end-June, calculated in terms of assets. Therefore, the volume of managed assets for the 156,431 contributors reached RON558.19 million, up 28.6% against the same period in 2014.
ING Asigurari de Viata changed its name to NN Asigurari de Viata in April 2015, to underscore its affiliation to its mother group.