Having acquired MetLife Poland in April, NN Group will sell its pension business to Italy’s Generali. Despite containing around $2.4 billion in assets, the Dutch insurer has claimed that this won’t make a dent in the wider company’s ability to generate capital nor NN’s pension business specifically.

NN representatives said, “”The decision to divest was made following a review of NN’s strategic options for the former MetLife pension business in Poland. The transaction does not impact the existing pension business of Nationale-Nederlanden Poland, which remains a market leader in the Polish pension market”.

As a result, Generali will shift up in the pension funds ranking to fourth from its current seventh position with 2.4 million customers and 4.7 billion euros under management.

Source: https://www.xprimm.com/Generali-to-acquire-former-MetLife-pension-business-in-Poland-from-NN-Group-articol-2,10,24-19505.htm#:~:text=Generali%20announced%20that%20it%20has,the%20first%20quarter%20of%202023.

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