Delta Lloyd : Good first quarter with market leading new business

• NAPI [1]up 16% to € 103 million (Q1 2013: € 89 million)
• Total gross written [2]premiums (GWP) 5% lower at € 1.3 billion (Q1 2013: € 1.4 billion)
• Life insurance GWP at € 907 million (Q1 2013: € 951 million)
• General insurance GWP at € 436 million (Q1 2013: € 466 million)
• New mortgages up 234% to € 380 million (Q1 2013: €114 million)
• Net outflow of retail funds and institutional mandates € 176 million (Q1 2013: inflow of

€ 314 million)

• Group embedded value of € 4.6 billion (year-end 2013: € 4.4 billion)
  

• IGD group solvency 189% (year-end 2013: 184%)
• On track to achieve IGD group solvency above 200% by the end of the year

Niek Hoek, Chairman of the Executive Board: "Today's commercial update provides evidence of our potential: we showed good commercial results with a healthy capital generation supported by our operating earnings. We performed especially well in group life, where our market share in annual premium new business increased, and we saw an excellent inflow of new mortgages. Our business is performing well given the market circumstances. We continued to expand our market share, enhanced profitability, increased cost efficiency and achieved higher customer satisfaction."

Conference call for analysts
On 8 May 2014, at 10.00 am (CET), with Niek Hoek (Chairman Executive Board) and Emiel Roozen (CFO). The number for this call for analysts and investors (in English) is +31 (0)20 531 5871. A live audiocast will also be available at www.deltalloydgroep.com.

This press release is available in a Dutch translation at www.deltalloydgroep.com.

Media Relations +31 (0)20 594 44 88
Martijn Donders, Anneloes Geldermans
mediarelations@deltalloyd.nl

Investor Relations +31 (0)20 594 96 93
Roeland Haanen, Hans Duine, Marscha Corzilius
ir@deltalloyd.nl

Important information

• Certain statements contained in this press release that are not historical facts are "forward-looking statements". These forward-looking statements are based on management's beliefs and projections and on information currently available to them. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Delta Lloyd Group's control and all of which are based on management's current beliefs and expectations about future events.
• Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Delta Lloyd Group undertakes no duty to and will not update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law. A number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statement as a result of risks and uncertainties facing Delta Lloyd Group and its subsidiaries. Such risks, uncertainties and other important factors include, among others: (i) changes in the financial markets and general economic conditions, (ii) changes in competition from local, national and international companies, new entrants in the market and self-insurance and changes to the competitive landscape in which Delta Lloyd Group operates, (iii) the adoption of new, or changes to existing, laws and regulations such as Solvency II, (iv) catastrophes and terrorist-related events, (v) default by third parties owing money, securities or other assets on their financial obligations, (vi) equity market losses, (vii) long- and/or short-term interest rate volatility, (viii) illiquidity of certain investment assets, (ix) flaws in underwriting assumptions, pricing and/or claims reserves, (x) the termination of or changes to relationships with principal intermediaries or partnerships, (xi) the unavailability and unaffordability of reinsurance, (xii) flaws in Delta Lloyd Group's underwriting, operating controls or IT systems, or a failure to prevent fraud, (xiii) a downgrade (or potential downgrade) of Delta Lloyd Group's credit ratings, and (xiv) the outcome of pending, threatened or future litigation or investigations.
• Should one or more of these risks or uncertainties materialise, or should any underlying assumptions prove to be incorrect, Delta Lloyd Group's actual financial condition or results of operations could differ materially from those described herein as anticipated, believed, estimated or expected.
• Please see the Annual Report for the year ended 31 December 2013 for a description of certain important factors, risks and uncertainties that may affect Delta Lloyd Group's businesses.

[1]NAPI: new annualised premium income, consisting of 100% of new regular premiums and 10% of new single premiums

[2]Excluding terminated and run-off activities

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