NATNED FORECASTS 1987 RESULTS IN LINE WITH 1986
The Netherlands' largest insurer
Nationale Nederlanden NV <NTTN.AS> (NatNed) said it expected at
least unchanged results in 1987 after reporting 1986 net
profits up 5.3 pct to 635.5 mln guilders from 603.4 mln in
1985,
    Revenues increased by 0.5 pct to 17.35 billion guilders
after 17.27 billion the previous year, and the dividend was
raised to 2.50 guilders per share from 2.38 guilders in 1985,
corrected on a capital increase.
    The company said guilder revenue and profit were pressured
by falls in exchange rates, particularly in the US and
Australian dollar and sterling.
    Without these currency fluctuations, net profit would have
been 30.7 mln guilders higher and revenue 1.97 billion higher,
NatNed said.
    The international share in turnover was 50 pct in 1986
compared with 52 pct in 1985.
    The company's life insurance result fell to 365.7 mln
guilders after 428.4 mln in 1985 due to currency influences,
tighter interest margins and increased investment.
    Claim payouts fell to 9.9 mln guilders after 66.6 mln the
previous year.
    The company's total assets reached 69.87 billion guilders
in 1986 against 67 billion the year before.
    Assets per share equalled 65.68 guilders against 65.53.
    Without these currency fluctuations, net profit would have
been 30.7 mln guilders higher and revenue 1.97 billion higher,
NatNed said.
    The international share in turnover was 50 pct in 1986
compared with 52 pct in 1985.
    The company's life insurance result fell to 365.7 mln
guilders aft
 INTERRUPTED
