NN Group NV
F:2NN

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NN Group NV Logo
NN Group NV
F:2NN
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Price: 75.96 EUR 1.06% Market Closed
Market Cap: €20.9B

NN Group NV
Investor Relations

NN Group is a Dutch financial company that makes money mainly by selling insurance and managing retirement and investment products. Its core business is life insurance, pensions, and property and casualty insurance, along with asset management services for institutions and individual savers. It serves households, employers, pension funds, and other long-term savers, mostly in the Netherlands and other selected European markets. The company earns money in two main ways: it collects insurance premiums and invests part of that money, and it charges fees for managing assets. On the insurance side, NN Group takes on long-term risks such as death, disability, retirement, and damage claims. On the asset management side, it invests money on behalf of clients and earns fees for handling those portfolios. What makes NN Group’s business model different is that it sits between everyday savers and the long-term risks they want to protect against. It is not a bank that mainly lends money, and it is not an insurer focused only on short-term policies. Instead, it combines insurance and retirement products with asset management, which gives it a role in both protecting customers and helping them build financial security over time.

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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Aug 29, 2023
AI Summary
Q2 2023

Strong OCG Growth: Operating capital generation (OCG) reached nearly €1 billion in H1, up 15% year-on-year, putting the company on track to achieve its €1.8 billion 2025 target ahead of schedule.

Solvency II Ratio: The Solvency II ratio increased to 201%, highlighting the group’s robust capital position.

Dividend Increase: An interim dividend of €1.12 per share was proposed, a 12% increase from the prior year.

Guidance Unchanged: Despite strong H1 performance, management kept 2025 OCG targets unchanged, citing one-offs and expected normalization in H2.

Non-Life Outperformance: Non-life results were particularly strong with a combined ratio of 90.1%; guidance for the combined ratio was lowered to 91%-93%.

Digital Innovation: The company continues to lead in digital transformation, using AI solutions like ChatGPT to boost efficiency and customer satisfaction.

Sustainable Investments: Ongoing commitment to climate action, including €9 billion invested in green bonds and updated targets for emissions reduction.

Key Financials
Operating Capital Generation
almost €1 billion
Solvency II Ratio
201%
Combined Ratio (Non-life)
90.1%
Interim Dividend per Share
€1.12
Free Cash Flow
€832 million (H1)
Net Promoter Score (Employee Engagement)
7.9
Net Inflows DC Pensions (H1)
€1.3 billion
Holding Company Cash Capital
€1.9 billion
Leverage Ratio
17.8%
Green Bonds Investment
€9 billion
Earnings Call Recording
Other Earnings Calls

Management

Ms. Annemiek T. J. van Melick
Vice-Chairman of the Management Board & CFO
No Bio Available
Mr. Tjeerd Bosklopper
CEO of Netherlands Non-life, Banking & Technology and Member of Management Board
No Bio Available
Ms. Dailah Nihot
Chief People, Communications & Sustainability Officer and Member of Management Board
No Bio Available
Mr. Leon M. van Riet
CEO of Netherlands Life & Pensions and Member of the Management Board
No Bio Available
Mr. Frank Eijsink
CEO International Insurance & Member of Management Board
No Bio Available
Mr. Wilbert G. Ouburg
Chief Risk Officer & Member of Management Board
No Bio Available
Mr. Jelmer Lantinga
Head of Investor Relations
No Bio Available
Mr. Martijn R. Hoogeweegen
Head of NN Life & Pension Services
No Bio Available
Mr. Maurice Koopman
Chief Executive Officer of NN Non-Life
No Bio Available
Ms. Geraldine Bakker-Grier
Investor Relations Officer
No Bio Available

Contacts

Address
ZUID-HOLLAND
'S-GRAVENHAGE
Schenkkade 65
Contacts
+31705130303.0
www.nn-group.com
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