- Profit tops market estimates
- Sales rose 72%
NN Group N.V. (AS: NN), a Dutch insurance and investment management company, announced its first quarter profit rose 50% to €468 million ($524.6 million), mainly due to a strong performance of its life insurance business. Analysts were expecting a Q1 profit of €415 million.
Sales rose 72% as all business segments contributed to the increase. The company also benefited from change of the tax rules in Japan.
NN stock opened 0.57% higher this morning.