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Publication date: November 27, 2024
- Year of incorporation: 1845
- Year added to the AEX: 2014
- Highest price ever: €46.84 in November 2024
- Average trading volume:About 584,500 shares per day
- Performance over the past 12 months: +44.08%
Introduction about the company
NN Group N.V. is a leading insurance and asset management company based in The Hague, The Netherlands. The company offers a wide range of products and services, including life insurance, pension solutions, non-life insurance, and asset management. NN Group operates in more than 18 countries, with a strong presence in Europe and Japan, and has a team of approximately 16,000 employees measured in 2023. The company is listed on Euronext Amsterdam under the symbol NN and is known for its customer-focused approach and solid financial performance.
Core figures & performance
In 2023, NN Group reported total revenues of about €20.01 billion and net profit of about €900 million. As of November 2024, NN Group has a market capitalization of €11.87 billion. Assets under management (Assets Under Management) exceed €300 billion. NN Group has a strong capital position, with a Solvency II ratio of 197%, underlining the company's financial stability and resilience. The dividend policy is attractive, with a payout of €2.79 per share in 2023, making NN Group a popular choice among dividend-focused investors.
History & development
NN Group traces its origins back to 1845 and since then has had a long history as one of the most prominent insurance companies in the Netherlands. The company became independent in 2014 following a demerger from ING Group. Since going public, NN Group has focused on international growth, digital transformation and strengthening its position in key markets.
One of the most important milestones in its recent history was the acquisition of Delta Lloyd in 2017. This acquisition helped NN Group further strengthen its position in the Dutch and Belgian markets. In addition, the company has made significant investments in sustainable and impactful investment strategies.
Sector & competition
NN Group operates in the global insurance and asset management sector, in which it competes with other major players such as Aegon, Allianz and AXA. The industry is characterized by a strong emphasis on risk management, regulation and technological innovations. NN Group is distinguished by its strong presence in both life insurance and asset management, and by its focus on sustainability and customer satisfaction.
Influence of NN Group on the AEX
NN Group has a weighting of 1.26% in the AEX index in 2024. Although it is one of the larger financial institutions in the Netherlands, its influence on the AEX remains relatively limited. Nevertheless, a strong windfall or setback in the results could have some impact on the index.
Investment analysis & outlook
NN Group is viewed by analysts as a stable and defensive investment, with attractive dividends and growth potential in emerging markets. The company benefits from the growing demand for pension and insurance products, especially in aging societies. Although NN Group is well positioned, there are risks, such as market fluctuations, rising interest rates, and increasing competition.
Below you can follow NN Group's share price performance compared to the AEX over the past 5 years. This shows that NN Group closely matches the performance of the AEX.
News & updates
Recently, NN Group announced that it will further expand its focus on sustainability by investing in green bonds and sustainable infrastructure projects. The company also has plans to strengthen its digital strategy, with new technologies aimed at improving customer experience and operational efficiency. In addition, NN Group continues to focus on international expansion, particularly in Asia and Eastern Europe, where demand for insurance and pension solutions is growing. For more information on NN Group's performance and strategy, please visit its official website: nn-group.com
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Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. Therefore, these are for educational purposes only.
