Insurer NN Group Q1 core profit surges 50%, beats estimates

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AMSTERDAM, May 16 (Reuters) – Insurer NN Group on Thursday beat expectations with a 50% surge in first-quarter core profit at 468 million euros ($524.6 million), as the performance of its Dutch life insurance business improved.

Analysts polled by Reuters on average expected operating result to rise to 415 million euros from 313 million euros in the year-ago period.

$1 = 0.8921 euros
Reporting by Bart Meijer, Editing by Sherry Jacob-Phillips

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