Good progress on capital plan enabled a Solvency II Standard Formula (SF) ratio of 173% (year-end 2015: 131%)
Solvency II net capital generation was € 66 million, after impact of exceptional weather of € 33 million, equivalent to underlying net capital generation of € 99 million
Holding company cash structurally improved to € 592 million (year-end 2015: € -319 million)
Mixed operational performance, gross operational result down -39% to € 320 million, including the negative impact of exceptional weather of € 44 million (half-year 2015: € 527 million)
Focus on improving business performance and delivering on capital generation, on track to reduce costs to below € 560 million in 2018
Cash interim dividend of € 0.10 per ordinary share
Hans van der Noordaa, chairman of the Executive Board:
"I am pleased with the progress of our capital plan and cash position. With our SF ratio at 173%, we are now in the upper half of our target capital range. Our operational performance was impacted by the exceptional rain and hailstorm in June, which hit many of our clients hard. We are doing everything possible to support them, together with our business partners. Our business is solid, but it is clear that we need to further improve our operational performance. We are taking steps to exit unprofitable market segments and reduce costs to drive profitable growth."