NN Group completes acquisition of MetLife’s businesses in Poland/Greece

Written by Adam Cadle

26/04/2022

NN Group has completed the acquisition of MetLife’s businesses in Poland, following the approval obtained by the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego, KNF) on 14 April 2022.

The deal follows the group’s completed acquisition of MetLife’s businesses in Greece on 31 January 2022. A total of €2.4bn ($2.6bn) of invested assets will be taken over. Of this, €1.7bn are general account assets and €1.2bn represents unit-linked assets.

NN Group CEO David Knibbe said: “We have achieved an important milestone for NN in Poland and Greece, as this transaction strengthens our positions in these attractive growth markets. In the coming months, we will integrate MetLife’s businesses into the local NN organisations. While combining the strengths of the two companies, we are committed to respecting the talents and experience of employees in both organisations and applying a fair and transparent approach.

“During this process, we will continue to focus on delivering an excellent service to our customers and improving the performance of the combined company, by capturing the opportunities of these markets and realising the expected synergy benefits. We welcome MetLife Poland and Greece’s employees, customers and partners and look forward to a successful joint future.”

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