NN Group announced that its subsidiary NN Insurance Belgium has completed the sale of a closed book life portfolio to Athora Belgium, announced about a year ago.

"The completion follows the fulfilment of customary closing conditions, including receipt of all necessary regulatory approvals and competition clearances.

The transaction further simplifies NN Belgium's IT structure, enabling NN Belgium to fully focus on executing its strategy to further grow its protection and pension business, building on its strong distribution network in the Belgian market".