Nn Group N.V. Unsponsored Adr ( (NNGRY) ) has released its Q4 earnings. Here is a breakdown of the information Nn Group N.V. Unsponsored Adr presented to its investors.
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NN Group N.V. is an international financial services company offering retirement services, pensions, insurance, banking, and investments across 10 countries, with a significant presence in Europe and Japan.
NN Group reported strong financial results for 2024, showcasing its robust business performance and strategic progress. The company’s operating capital generation reached EUR 1.9 billion, surpassing its 2025 target ahead of schedule, and it proposed an 8% increase in dividends, alongside a EUR 300 million share buyback.
Key financial highlights include a 35% increase in net profit to EUR 1.6 billion, driven by growth in Insurance Europe and Netherlands Life. The value of new business rose by 20% to EUR 395 million, while the Solvency II ratio remained strong at 194%, despite slight market and regulatory impacts. NN Group also emphasized its commitment to sustainability, with investments in climate solutions reaching EUR 12.8 billion.
The company maintained strong performance in both its life and non-life segments, with notable growth in Netherlands Non-life and a stable performance in Japan Life. Insurance Europe exceeded its operating capital generation target, while the banking segment saw a decrease in results due to lower interest margins.
Looking forward, NN Group remains committed to delivering long-term value to stakeholders through continued strategic initiatives and market leadership, with an update on its strategy and medium-term targets expected at its Capital Markets Day in May.
