Value Enhancing Acquisition in Europe
Adding scale and enhancing diversification in life and protection
Creating a strong platform for future
growth
Overlapping business lines offer
potential for cost and revenue synergies
• Expansion of profitable Greek health.
portfolio improves strategic positioning,
increased diversification via employee
benefit portfolio
Adding around 2.7 million new
customers
Strengthening distribution with a total
of >1,600 (tied) agents, international
and local brokers (Greece) and bank
partnerships (Poland)
Digital capabilities enabling synergies
and best-in-class service to combined
customer base
Adding scale in Poland¹ (GWP 2020)
7%
21%
NN
43%
29%
19%
15%
c.50% GWP increase
on a combined basis
Enhancing portfolio diversification in
Greece² (GWP 2020)
2%
1%
16%
4%
24%
NN
52%
c.60% GWP increase
on a combined basis
I
9% 2%
13%
15%
NN +
Metlife
Traditional life
NN +
Metlife
29%
38%
Unit-linked
38%
23%
Accident & Health
Other
Traditional life
Unit-linked
Accident & Health
Group pensions
Employee benefits
Other
N
NN
1. GWP 2020 (NN Group EUR 363m; Metlife Poland EUR 170m)
2. GWP 2020 (NN Group EUR 471m; Metlife Greece EUR 285m)
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