2NN Stock Overview

A financial services company, provides life and non-life insurance products in the Netherlands and internationally. More details

2NN fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	2/6
Past Performance	4/6
Financial Health	3/6
Dividends	4/6

Rewards

Trading at 65.9% below our estimate of its fair value

Earnings are forecast to grow 11.1% per year

Earnings grew by 176.7% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 23.9%

Risk Analysis

Dividend of 8.12% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

NN Group N.V. Competitors

Wüstenrot & Württembergische

XTRA:WUW

€1.1b

Talanx

XTRA:TLX

€20.6b

Hannover Rück

XTRA:HNR1

€29.5b

Münchener Rückversicherungs-Gesellschaft in München

XTRA:MUV2

€65.1b

Price History & Performance

Summary of share price highs, lows and changes for NN Group
Historical stock prices
Current Share Price	€41.09
52 Week High	€46.60
52 Week Low	€35.80
Beta	0.74
1 Month Change	-8.03%
3 Month Change	-8.38%
1 Year Change	16.27%
3 Year Change	-9.65%
5 Year Change	n/a
Change since IPO	-12.17%

Recent updates

Shareholder Returns

	2NN	DE Insurance	DE Market
7D	-3.5%	-3.6%	-2.6%
1Y	16.3%	22.0%	6.9%

Return vs Industry: 2NN underperformed the German Insurance industry which returned 22% over the past year.

Return vs Market: 2NN exceeded the German Market which returned 6.9% over the past year.

Price Volatility

Is 2NN's price volatile compared to industry and market?
2NN volatility
2NN Average Weekly Movement	2.9%
Insurance Industry Average Movement	3.1%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	11.2%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 2NN has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 2NN's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1845	13,673	David Knibbe	www.nn-group.com

NN Group N.V., a financial services company, provides life and non-life insurance products in the Netherlands and internationally. The company operates through Netherlands Life, Netherlands Non-life, Insurance Europe, Japan Life, Banking, and Other segments. It offers Life insurance products, such as group and individual pension products, retail life insurance, and SME life insurance products; and non-life insurance products, including motor, fire, liability, transport, travel, health, property and casualty, and disability and accident insurance products.

NN Group N.V. Fundamentals Summary

How do NN Group's earnings and revenue compare to its market cap?
2NN fundamental statistics
Market cap	€11.34b
Earnings (TTM)	€1.17b
Revenue (TTM)	€10.52b

9.7x

P/E Ratio

1.1x

P/S Ratio

Is 2NN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2NN income statement (TTM)
Revenue	€10.52b
Cost of Revenue	€5.73b
Gross Profit	€4.79b
Other Expenses	€3.63b
Earnings	€1.17b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 20, 2025

Earnings per share (EPS)	4.25
Gross Margin	45.52%
Net Profit Margin	11.07%
Debt/Equity Ratio	56.5%

How did 2NN perform over the long term?

See historical performance and comparison

Dividends

8.1%

Current Dividend Yield

79%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 00:25
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

NN Group N.V. is covered by 29 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Cor Kluis	ABN AMRO Bank N.V.
Bassem Neifer	AlphaValue
Claudia Gaspari	Barclays

NN Group XTRA:2NN Stock Report