ING Direct 2007 Annual Report Download - page 19

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Please find page 19 of the 2007 ING Direct annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Insurance Americas 22%
Rest 78%
US 79% 18,677
Canada 12% 2,788
Latin America* 9% 2,072
Total 100% 23,537
* Mexico, Chile and Peru; not including ING’s joint venture in Brazil
because it is a minority interest.
❝
highlight, while the US business
achieved strong double-digit
top- and bottom-line growth
for the fi fth year in a row.
The main strategic trend of the
coming decades will be the ageing
baby boomer generation.
The winners in US fi nancial
management and wealth
services will be the companies
that can provide the most
attractive propositions to
those baby boomers. Our
insurance company’s fi nancial strength and
claims-paying ability.
These improved benefi ts have led to a surge
in annuity sales in 2007. “I love the fl exibility,”
says client Betty Louie about the withdrawal
benefi t. “The online tool ING offers to look
up my statement is so easy to use”.
As baby boomers approach retirement,
they’re increasingly seeking fi nancial products
with guarantees that protect their accumulated
wealth. With this in mind, ING made
improvements to its minimum guaranteed
withdrawal benefi t options. These options
protect the client’s annuity value and can be
added to most of its annuities for an additional
fee. Such guarantees are based on the issuing
transformation from multi-line
insurer to highly focused wealth
management player will position
us well to do just that.
Flexible and
easy to use
Underlying profi t before tax
in percentages
Geographical breakdown
of premium income
in EUR million
17
ING Group Annual Review 2007