Combining Strengths - NN Group N.V. 2017 Financial Report


As chair of the Supervisory Board of NN Group, I am pleased to present the 2017 Annual Report. Whereas 2016 ended with the agreement between NN Group and Delta Lloyd on the transaction to combine both companies’ businesses, 2017 was defined by enacting this transaction and integrating the two companies in the Netherlands and Belgium.

As the Supervisory Board, we take into account the interests of NN Group’s stakeholders when overseeing and advising the Executive and Management Board of NN Group. The foundation for everything we do incorporates NN Group’s governing laws and regulations, with special attention this year for the implementation of the revised Dutch Corporate Governance Code that became effective on 1 January 2017, the company’s values: care, clear, commit, and the Code of Conduct. This foundation enables the execution of NN Group’s strategy, which aims to create long-term value. With the integration of NN Group and Delta Lloyd in the Netherlands and Belgium being one of the company’s top priorities, we focused on NN Group’s Executive and Management Boards balancing their integration efforts with their regular business responsibilities and managing the combined group as one international company. Integrating two companies also results in additional pressure on the combined group’s employees: our people. In these demanding times, it is of great importance to continue to put our brand promise ‘You matter’ at the starting point of everything we do – for our people and for our customers.

At the same time, we continuously engaged with the Executive and Management Boards on the company’s business model and defining future growth and capital generating possibilities for the benefit of NN Group’s sustainable future. Not only did we have a constructive dialogue on financial topics regarding this matter, we also extensively discussed non-financial topics such as social and environmental risks and opportunities, responsible investing, and non-financial key performance indicators and targets.

Speaking on behalf of my fellow Supervisory Board members, we are pleased to have contributed to the progress NN Group made in 2017. We support the company’s ambition to continue to build a respected company that truly matters in the lives of our stakeholders. I invite you to read our collective input, actions and involvement outlined in the report to follow.

Jan Holsboer
Chair Supervisory Board NN Group

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