Vivat: Annual Results 2017

Vivat publiceert op haar website:

“The net underlying result improved from EUR 161 million in 2016 to EUR 168 million in 2017. The increase was mainly driven by a significant decrease in operational expenses due to the reorganisation that was finalised in 2016. This was partly offset by higher investments in strategic projects and marketing, lower technical results at Individual Life and increased interest expenses.

VIVAT’s net result IFRS in 2017 of -/- EUR 98 million was negatively impacted by accounting differences between the market and book value of assets and liabilities, resulting in an addition to the technical provisions from the LAT shortfall of EUR 304 million. Premium income increased 17% from EUR 2,508 million to EUR 2,923 million. This increase was mainly attributable to a single premium pension contract of EUR 375 million.”

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