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NN Group (NNGRY)
OTHER OTC:NNGRY
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NN Group
(OTC:NNGRY)
60Neutral
NN Group (NNGRY) vs. S&P 500 (SPY)
Market Cap
$15.85B
Dividend Yield4.73%
Average Volume (3M)1.39K
Price to Earnings (P/E)10.2
Beta (1Y)0.44
Revenue Growth18.58%
EPS Growth807.75%
CountryUS
Employees13,497
SectorFinancial
Sector Strength87
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)3.02
Shares Outstanding538,000,000
10 Day Avg. Volume0
30 Day Avg. Volume1,385
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
NN Group Business Overview & Revenue Model
Company DescriptionNN Group N.V. (NNGRY) is a leading financial services company headquartered in the Netherlands, specializing in insurance and investment management. The company operates through various segments including life insurance, non-life insurance, asset management, and banking. NN Group serves a wide range of clients across Europe and Japan, offering tailored solutions in retirement services, pensions, and savings products.
How the Company Makes MoneyNN Group makes money primarily through its insurance and investment management services. The life insurance segment generates revenue from premiums on policies such as pension plans, annuities, and risk protection products. The non-life insurance segment earns income from premiums on property and casualty insurance products, covering areas such as motor, fire, and liability insurance. NN Group's asset management division brings in fees from managing investment portfolios for institutional clients, retail customers, and third-party investors. Additionally, the banking segment contributes to revenue through interest income and financial products offered to its clients. Significant partnerships with financial institutions and a strong market presence in Europe and Japan boost NN Group’s earnings by extending its reach and enhancing its product offerings.
NN Group Financial Statement Overview
Summary
NN Group demonstrates resilience with stable EBIT margins and improved net profit margins. However, declining revenue and pressure on overall profitability are concerns. The balance sheet shows moderate leverage, and cash flow has returned to positive but remains an area needing improvement.Income Statement
The gross profit margin for 2023 shows a significant drop, indicating challenges in cost management. The net profit margin improved due to higher net income. However, revenue has been declining over the past years, affecting growth prospects. EBIT margin remains stable, reflecting operational efficiency, but the overall profitability is under pressure due to revenue decline.55
Neutral
Balance Sheet
The company has a relatively high debt-to-equity ratio indicating leverage, yet the return on equity demonstrates the ability to generate profits from shareholders' equity. The equity ratio is moderate, suggesting balanced financial structuring. The company’s strong asset base provides some stability, but debt levels require careful management.65
Positive
Cash Flow
Free cash flow has returned to positive in 2023, showing improvement from previous negative trends, but growth is minimal. The operating cash flow to net income ratio is low, pointing to potential issues in converting sales into cash. Cash flow management remains an area of focus, with improvements needed in operational cash generation.60
Neutral
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 10.97B | 15.54B | 20.50B | 19.92B | 20.09B |
| Gross Profit | ||||
| -2.37B | 15.54B | 20.50B | 19.92B | 20.09B |
| EBIT | ||||
| 1.52B | 2.26B | 3.27B | 2.76B | 2.42B |
| EBITDA | ||||
| 0.00 | 2.40B | 3.42B | 2.92B | 2.56B |
| Net Income Common Stockholders | ||||
| 1.17B | 477.00M | 3.28B | 1.90B | 1.90B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 8.21B | 88.56B | 114.81B | 130.56B | 124.08B |
| Total Assets | ||||
| 208.94B | 217.11B | 251.59B | 263.74B | 248.60B |
| Total Debt | ||||
| 14.10B | 15.40B | 12.24B | 11.95B | 12.36B |
| Net Debt | ||||
| 5.89B | 8.73B | 5.31B | -428.00M | 5.92B |
| Total Liabilities | ||||
| 187.82B | 199.28B | 216.67B | 224.97B | 215.81B |
| Stockholders Equity | ||||
| 21.04B | 17.77B | 34.65B | 38.49B | 32.53B |
| Cash Flow | Free Cash Flow | |||
| 62.00M | -8.22B | -2.64B | 6.95B | 2.61B |
| Operating Cash Flow | ||||
| 62.00M | -8.18B | -2.59B | 7.00B | 2.75B |
| Investing Cash Flow | ||||
| 4.53B | 6.08B | -1.83B | 550.00M | -5.92B |
| Financing Cash Flow | ||||
| -2.99B | 1.76B | -741.00M | -1.50B | 679.00M |
NN Group Technical Analysis
Positive
30.83
Price Trends
27.41
Positive
24.91
Positive
24.58
Positive
Market Momentum
1.05
Negative
71.79
Negative
94.26
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NNGRY, the sentiment is Positive. The current price of 30.83 is above the 20-day moving average (MA) of 28.55, above the 50-day MA of 27.41, and above the 200-day MA of 24.58, indicating a bullish trend. The MACD of 1.05 indicates Negative momentum. The RSI at 71.79 is Negative, neither overbought nor oversold. The STOCH value of 94.26 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NNGRY.
NN Group Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $52.23B | 12.67 | 16.08% | 2.80% | 8.77% | 110.90% | |
76 Outperform | $13.88B | 9.39 | 14.68% | 2.11% | 1.69% | 25.54% | |
71 Outperform | $36.68B | 13.81 | 8.04% | 5.07% | 2.47% | 6.88% | |
70 Outperform | $5.66B | 1.80 | 43.24% | 5.43% | 47.95% | ― | |
66 Neutral | $48.84B | 18.71 | 7.10% | 1.91% | -55.90% | -33.09% | |
64 Neutral | $12.61B | 9.78 | 8.01% | 16985.69% | 12.73% | -4.58% | |
60 Neutral | $15.85B | 10.21 | 7.78% | 4.73% | 18.58% | 807.75% |
* Financial Sector Average
Performance Comparison
NNGRY
NN Group
30.83
8.53
38.25%
AIG
American International Group
83.66
5.37
6.86%
LNC
Lincoln National
33.13
5.77
21.09%
MET
Metlife
77.81
8.13
11.67%
PRU
Prudential Financial
103.62
-6.63
-6.01%
UNM
Unum Group
79.61
28.74
56.50%
NN Group Earnings Call Summary
Earnings Call Date:Feb 20, 2025
(Q4-2024)
| % Change Since: 29.65%|
Next Earnings Date:Aug 08, 2025
Earnings Call Sentiment Positive
The earnings call reflects a generally positive outlook with strong business performance, robust capital position, and continued commitment to shareholder returns. Despite some challenges in markets and specific regions, the company remains on track to meet its financial targets and sustain growth.Q4-2024 Updates
Positive Updates
Strong Operating Capital Generation
Operating capital generation for 2024 reached €1.9 billion, aligning with the 2025 target and reflecting strong business performance.
Increased Free Cash Flow
Free cash flow increased by 8% year-over-year to €1.5 billion, on track to meet the €1.6 billion target for 2025.
Robust Solvency Ratio
The group solvency ratio stands at 194%, at the upper end of the comfort range of 150% to 200%.
High Value of New Business
The value of new business rose by 20% year-over-year, driven by strong sales and margin improvements in Europe and the Netherlands Life segment.
Sustainable Dividend Growth
Full year dividend announced at €3.44, an 8% increase from the previous year, with a recurring share buyback of €300 million.
Positive Customer Engagement
Improvement in customer satisfaction and relational net promoter score in international markets, with successful AI implementation to enhance customer experience.
Progress in Sustainability
31% reduction in emissions of the corporate investment portfolio since 2021, and increased investments in Climate Solutions to €12.8 billion by 2024.
Negative Updates
Adverse Market and Regulatory Impact
Negative market variance due to wider government bond spreads and negative equity variance, with regulatory changes presenting challenges.
Challenges in Belgium
Belgium required a capital injection of €70 million in 2024 and did not pay a dividend due to strategic bank distribution agreement renewal and regulatory discussions.
Muted Sales in Japan
Sales in Japan remain muted due to a business improvement order, with expectations of recovery only after the order is lifted.
Company Guidance
In the NN Group's Analyst Conference Call, the company reported strong business results for the fiscal year 2024, highlighting key financial metrics and future guidance. Operating capital generation reached €1.9 billion, aligning with the 2025 target, while free cash flow increased by 8% year-over-year to €1.5 billion, on track for the €1.6 billion goal in 2025. The group solvency ratio stood robust at 194%, at the upper end of the comfort range of 150% to 200%. The value of new business grew by 20%, driven by strong sales and margin improvements in Europe, with a notable €2.3 billion net inflow in defined contribution for Netherlands Life. Growth written premium for Netherlands Non-life rose by 4.5%. The company committed to a capital return policy, announcing a full-year dividend of €3.44 per share, an 8% increase, and a €300 million recurring buyback. The aim is to grow dividends by mid-single digits, supported by share buybacks. The group reported advancements in customer satisfaction and sustainability goals, reducing emissions by 31% since 2021 and increasing investments in Climate Solutions to €12.8 billion by 2024. Operating capital generation in Europe increased with a 10% volume growth and a 16% margin growth, contributing to a strong OCG trajectory. Despite pressure on investment results, Netherlands Non-life's OCG came in strong at €406 million, with a combined P&C ratio of 91.9%. The company remains focused on stable remittances, with a sustainable balance sheet and a solvency ratio of 180% at the end of 2024. The DC AUM grew from €25 billion in 2020 to €39 billion, surpassing the initial 2025 target. The company closed three buyouts totaling €0.9 billion in 2024, indicating a strong position for shareholder value delivery, with a positive outlook for achieving 2025 targets.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.