Athora Belgium to acquire a closed-book life insurance portfolio from NN Insurance Belgium

8th November 2021

Brussels, Belgium, 8 November 2021 Athora Belgium NV/SA (Athora Belgium), a wholly owned subsidiary of life insurance group Athora Holding Ltd. (Athora), announced today that, following a period of exclusive negotiations, it has entered into an agreement to acquire a closed-book individual life portfolio with NN Insurance Belgium NV/SA.  The portfolio represents €3.3bn of assets under management.

This announcement follows the prior announcement on 8 October 2021. Terms are not disclosed. The transaction is expected to close by mid-2022, subject to receipt of requisite regulatory and other approvals.