ING Insurance, 4Q2011: Operating result in increase

17 February 2012 — Vlad BOLDIJAR
ing3In 4Q 2011, the operating result of ING Insurance was EUR 478 million, up 20.4% from the fourth quarter of 2010 due to a higher investment margin, lower administrative expenses and lower interest costs. Compared with the third quarter of 2011, the operating result declined 9.3%, mainly due to lower fees and premium-based revenues and slightly higher administrative expenses.

The operating result from Life Insurance and Investment Management rose 4.4% from the fourth quarter of 2010 to EUR 526 million. This increase was driven by a higher investment margin and lower expenses. Compared with the third quarter of 2011, the operating result declined 6.9%, mainly due to lower fees and premium-based revenues and despite an increase in the technical margin.

Read the official press release.

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