OREANDA-NEWS. As previously announced, and in the context of the preparations of ING Insurance to become a stand-alone company through a base case Initial Public Offering (IPO), ING Insurance will change its reporting segmentation starting per the fourth quarter of 2013. The new reporting segmentation better aligns the businesses of ING Insurance with their governance and internal management. The historical trend data published today allows for easy comparison with fourth-quarter and full-year 2013 results that will be published on 12 February 2014.

The new segmentation for ING Insurance includes the businesses of ING Life Japan. As previously announced, these businesses are in scope of the base case IPO of ING Insurance and will therefore no longer be classified as held for sale and discontinued operations. In line with the above, the reporting segments for ING Insurance as of the fourth quarter 2013 are as follows:

Netherlands Life
Netherlands Non-life
Insurance Europe
Japan Life
Investment Management
Other
Japan Closed Block VA
In addition to the changed segmentation, ING Insurance will use ‘Operating result of the ongoing business’ and ‘Result before tax’ as its main financial performance indicators instead of ‘Underlying result’, reflecting the focus of ING Insurance on the operating results of the ongoing businesses. A reconciliation from ‘Operating result’ to ‘Underlying result’ is provided in the historical trend data.