Declared Dividend • May 20
Final dividend increased to €2.50 Dividend of €2.50 is 16% higher than last year. Ex-date: 25th May 2026 Payment date: 2nd June 2026 Dividend yield will be 5.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.3% to bring the payout ratio under control. EPS is expected to grow by 66% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Upcoming Dividend • May 20
Upcoming dividend of €2.50 per share Eligible shareholders must have bought the stock before 25 May 2026. Payment date: 02 June 2026. Payout ratio is on the higher end at 93% but the company is not cash flow positive. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (4.5%). Duyuru • Sep 03
NN Group N.V. to Report Second Half, 2025 Results on Feb 12, 2026 NN Group N.V. announced that they will report second half, 2025 results on Feb 12, 2026 Duyuru • Aug 09
NN Group N.V., Annual General Meeting, May 21, 2026 NN Group N.V., Annual General Meeting, May 21, 2026. Duyuru • Feb 21
NN Group N.V., Annual General Meeting, May 15, 2025 NN Group N.V., Annual General Meeting, May 15, 2025. Duyuru • Sep 05
NN Group N.V. to Report Fiscal Year 2024 Results on Mar 13, 2025 NN Group N.V. announced that they will report fiscal year 2024 results at 8:00 AM, Central European Standard Time on Mar 13, 2025 Reported Earnings • Aug 18
First half 2024 earnings released: EPS: €2.21 (vs €2.01 in 1H 2023) First half 2024 results: EPS: €2.21 (up from €2.01 in 1H 2023). Revenue: €6.79b (up 4.0% from 1H 2023). Net income: €603.0m (up 7.9% from 1H 2023). Profit margin: 8.9% (up from 8.6% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • May 21
Upcoming dividend of €2.08 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 20 June 2024. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 7.0%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.2%). Declared Dividend • Apr 17
Final dividend increased to €2.08 Dividend of €2.08 is 16% higher than last year. Ex-date: 28th May 2024 Payment date: 20th June 2024 Dividend yield will be 7.5%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (79% earnings payout ratio) but not covered by cash flows (dividend approximately 14x free cash flows). The dividend has increased by an average of 12% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 25
Full year 2023 earnings released: EPS: €4.04 (vs €1.65 in FY 2022) Full year 2023 results: EPS: €4.04 (up from €1.65 in FY 2022). Revenue: €10.3b (up 21% from FY 2022). Net income: €1.12b (up 130% from FY 2022). Profit margin: 11% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Combined ratio: 92.6% (up from 92.3% in FY 2022). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Duyuru • Feb 29
NN Group N.V. to Report First Half, 2024 Results on Aug 15, 2024 NN Group N.V. announced that they will report first half, 2024 results on Aug 15, 2024 Duyuru • Nov 03
NN Group N.V., Annual General Meeting, May 24, 2024 NN Group N.V., Annual General Meeting, May 24, 2024, at 10:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €29.82, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Insurance industry in Germany. Total returns to shareholders of 13% over the past three years. Reported Earnings • Sep 03
First half 2023 earnings released: EPS: €2.01 (vs €2.06 in 1H 2022) First half 2023 results: EPS: €2.01 (down from €2.06 in 1H 2022). Revenue: €9.14b (up 418% from 1H 2022). Net income: €559.0m (down 11% from 1H 2022). Profit margin: 6.1% (down from 35% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 7.1% p.a. on average during the next 3 years, while revenues in the Insurance industry in Germany are expected to grow by 2.8%. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • Aug 29
NN Group N.V. to Report Second Half, 2023 Results on Feb 29, 2024 NN Group N.V. announced that they will report second half, 2023 results on Feb 29, 2024 Upcoming Dividend • May 31
Upcoming dividend of €1.79 per share at 8.0% yield Eligible shareholders must have bought the stock before 06 June 2023. Payment date: 29 June 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 8.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.4%). Reported Earnings • Mar 14
Full year 2022 earnings released: EPS: €1.41 (vs €10.01 in FY 2021) Full year 2022 results: EPS: €1.41 (down from €10.01 in FY 2021). Revenue: €15.2b (down 20% from FY 2021). Net income: €417.0m (down 87% from FY 2021). Profit margin: 2.7% (down from 16% in FY 2021). The decrease in margin was driven by lower revenue. Combined ratio: 95.8% (up from 93.5% in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 5.8% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 18
NN Group N.V. (ENXTAM:NN) announces an Equity Buyback for €250 million worth of its shares. NN Group N.V. (ENXTAM:NN) announces a share repurchase program. Under the program, the company will repurchase up to €250 million worth of its shares. Duyuru • Feb 16
NN Group N.V. to Report First Half, 2023 Results on Aug 29, 2023 NN Group N.V. announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Aug 15
First half 2022 earnings released: EPS: €2.98 (vs €4.47 in 1H 2021) First half 2022 results: EPS: €2.98 (down from €4.47 in 1H 2021). Revenue: €9.16b (down 8.3% from 1H 2021). Net income: €917.0m (down 34% from 1H 2021). Profit margin: 10.0% (down from 14% in 1H 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 16% compared to a 26% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 11
NN Group N.V. to Report Second Half, 2022 Results on Feb 16, 2023 NN Group N.V. announced that they will report second half, 2022 results on Feb 16, 2023 Upcoming Dividend • May 16
Upcoming dividend of €1.56 per share Eligible shareholders must have bought the stock before 23 May 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.3%). In line with average of industry peers (4.9%). Reported Earnings • Feb 20
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: €2.04b (down 90% from FY 2020). Net income: €3.28b (up 78% from FY 2020). Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 614%, compared to a 14% growth forecast for the insurance industry in Germany. Reported Earnings • Aug 18
First half 2021 earnings released: EPS €4.47 (vs €1.77 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €9.99b (up 1.2% from 1H 2020). Net income: €1.39b (up 148% from 1H 2020). Profit margin: 14% (up from 5.6% in 1H 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 17
Upcoming dividend of €1.47 per share Eligible shareholders must have bought the stock before 24 May 2021. Payment date: 16 June 2021. Trailing yield: 8.6%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (4.2%). Reported Earnings • Feb 20
Full year 2020 earnings released: EPS €5.87 (vs €5.76 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: €7.65b (down 62% from FY 2019). Net income: €1.85b (down 3.0% from FY 2019). Profit margin: 24% (up from 9.4% in FY 2019). The increase in margin was driven by lower expenses. Combined ratio: 95.3% (down from 95.4% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 19
New 90-day high: €37.31 The company is up 8.0% from its price of €34.39 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €114 per share. Is New 90 Day High Low • Jan 05
New 90-day high: €36.27 The company is up 9.0% from its price of €33.14 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Insurance industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €110 per share. Is New 90 Day High Low • Dec 19
New 90-day high: €35.19 The company is up 6.0% from its price of €33.09 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Insurance industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €100 per share. Is New 90 Day High Low • Oct 29
New 90-day low: €29.68 The company is down 6.0% from its price of €31.54 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €83.76 per share.