ING publishes historical trend data adjusted for changes in the Insurance reporting structure
(Thomson Reuters ONE) -
ING 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.
The adjusted historical trend data can be downloaded via ING.com - Latest
Quarterly Reports Overview.
Press enquiries Investor enquiries
Ingeborg Klunder Investor Relations
+31 20 57 66371 +31 20 57 66396
Ingeborg.Klunder(at)ing.com Investor.Relations(at)ing.com
ING PROFILE
ING is a global financial institution of Dutch origin, offering banking,
investments, life insurance and retirement services to meet the needs of a broad
customer base. Going forward, we will concentrate on our position as an
international retail, direct and commercial bank, while creating an optimal base
for an independent future for our insurance and investment management operations
IMPORTANT LEGAL INFORMATION
Certain of the statements contained herein are not historical facts, including,
without limitation, certain statements made of future expectations and other
forward-looking statements that are based on management's current views and
assumptions and
involve known and unknown risks and uncertainties that could cause actual
results, performance or events to differ materially from those expressed or
implied in such statements. Actual results, performance or events may differ
materially from those in such statements due to, without limitation: (1) changes
in general economic conditions, in particular economic conditions in ING's core
markets, (2) changes in performance of financial markets, including developing
markets, (3) consequences of a potential (partial) break-up of the euro, (4) the
implementation of ING's restructuring plan to separate banking and insurance
operations, (5) changes in the availability of, and costs associated with,
sources of liquidity such as interbank funding, as well as conditions in the
credit markets generally, including changes in borrower and counterparty
creditworthiness, (6) the frequency and severity of insured loss events, (7)
changes affecting mortality and morbidity levels and trends, (8) changes
affecting persistency levels, (9) changes affecting interest rate levels, (10)
changes affecting currency exchange rates, (11) changes in investor, customer
and policyholder behaviour, (12) changes in general competitive factors, (13)
changes in laws and regulations, (14) changes in the policies of governments
and/or regulatory authorities, (15) conclusions with regard to purchase
accounting assumptions and methodologies, (16) changes in ownership that could
affect the future availability to us of net operating loss, net capital and
built-in loss carry forwards, (17) changes in credit-ratings, (18) ING's ability
to achieve projected operational synergies and (19) the other risks and
uncertainties detailed in the Risk Factors section contained in the most recent
annual report of ING Groep N.V. Any forward-looking statements made by or on
behalf of ING speak only as of the date they are made, and, ING assumes no
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information or for any other reason. This document does not
constitute an offer to sell, or a solicitation of an offer to buy, any
securities.
PDF-version of the press release:
http://hugin.info/130668/R/1692092/555821.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ING Group via Thomson Reuters ONE
[HUG#1692092]
Unternehmensinformation / Kurzprofil:
Datum: 11.04.2013 - 08:01 Uhr
Sprache: Deutsch
News-ID 248043
Anzahl Zeichen: 5656
contact information:
Town:
Amsterdam
Kategorie:
Business News
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