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ING publishes historical trend data adjusted for changes

India Infoline News Service | Mumbai |

As previously announced, ING is making preparations for standalone futures for Insurance/Investment Management Europe

Dutch bancassurer ING Group N.V. announced today that, starting per the first quarter of 2013, it will align its insurance reporting structure with the evolving restructuring of ING Group.

As previously announced, ING is making preparations for standalone futures for Insurance/Investment Management Europe and ING U.S., its US based retirement, investment and insurance business. Adjusted historical trend data are published today to allow easy comparison with first quarter 2013 results that will be published on 8 May 2013.

In the reporting structure, the Insurance Total section will be replaced by Insurance EurAsia and Insurance US. ING Investment Management will be presented as two new segments, one within Insurance EurAsia and one within Insurance US. Most of Corporate Line Insurance will be allocated to the Insurance EurAsia and US sections, while some funding related results, Group shareholders’ expenses, and results of unallocated insurance businesses and activities will be reflected under Insurance Other.

Insurance EurAsia will reflect Insurance Benelux, Insurance CRE, Investment Management and Corporate Line, as well as the Asia insurance and investment management operations in ‘net results from discontinued operations’.
Insurance US will reflect the US insurance business, Investment Management, the US closed block VA and Corporate Line.

 

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