1004 GMT - NN Group is expected to give more clarity on free cash flow and a clear path to additional capital returns when it updates the market in May, ING says in a research note. The Dutch insurer has a solid path to reach 210% in Solvency 2 as this metric is now close to 200% despite flattish operating capital generation, analyst Jason Kalamboussis writes. This should be seen as a base level from which capital can build up, he says. "Share buybacks may see a progression of 50 million euros to 350 million euros per annum, but more could come as Dutch Life is reducing its declining trend and we believe may even reach growth in the long run," he adds. Shares are up 22% year to date. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
March 24, 2025 06:04 ET (10:04 GMT)
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