NN Group Company Profile and Market Analysis

NN Group is a Dutch multinational financial services company that operates in the Netherlands, Belgium, and other countries. It's a significant player in the European financial market.

The company was formed in 2018 through the merger of ING Group's insurance business and NN Group. This move created a strong and stable entity that can better serve its customers.

NN Group's main activities include life insurance, non-life insurance, and investment management. These services cater to both individual and institutional clients.

The company's headquarters is located in The Hague, Netherlands, where it employs a large team of professionals.

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NN Group is a large Dutch insurer and financial services company.

The company was formed in 2018 through the merger of ING Group's insurance operations with NN Group NV.

NN Group is headquartered in The Hague, Netherlands.

It operates in 18 countries across Europe, Asia, and Latin America.

The company offers a wide range of insurance and investment products and services to both individual and institutional clients.

NN Group has a significant presence in the Dutch market, where it is one of the largest insurers.

Its insurance operations include life insurance, non-life insurance, and pension services.

The company also provides investment management services and asset management services.

NN Group has a diverse workforce of over 12,000 employees worldwide.

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NN Group's financial health is a testament to its solid business model. The company's net sales have consistently grown over the past few years, with a significant jump from 11.72B in 2024 to 20.98B in the same year.

In 2024, NN Group's net income reached 1.61B, a respectable figure considering the company's size. This number increased to 1.69B in the same year, showcasing the company's ability to manage its finances effectively.

NN Group's net debt has also been a point of interest, with a significant increase from 10.33B in 2024 to 17.18B in the same year. This trend continued in 2025, with the net debt reaching 17.3B.

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Analysts' recommendations can be a valuable resource for investors looking to make informed decisions.

Kepler Cheuvreux recently downgraded NN Group to Reduce, cutting their price target in the process.

NN Group's earnings per share (EPS) are expected to decline by 18.0% in 2024 and 3.7% in 2025, according to analysts.

The analysts have also updated their model following the company's H1 2024 results.

On the other hand, some analysts have recommended buying NN Group before it's too late, citing its potential for high returns.

Here are some key analyst recommendations for NN Group:

These recommendations highlight the importance of staying up-to-date with the latest analyst insights when making investment decisions.

Financials play a crucial role in understanding a company's overall health and performance. Net sales for 2024 and 2025 are projected to be around 14.64B and 14.83B, respectively.

The company's revenue is expected to fluctuate, with some years showing a decrease. In 2024, net sales are projected to be 13.92B, 11.72B, and 11.88B for different periods.

Net income is a key indicator of a company's profitability. In 2024, net income is projected to be 1.61B, 1.69B, and 1.35B for different periods.

Net debt is another important financial metric. In 2024, net debt is projected to be 10.33B, 10.86B, and 8.7B for different periods.

Here is a summary of the projected financials for 2024 and 2025:

NN Group's management team is led by David Knibbe, who has been the CEO since September 30, 2019, at the age of 53.

David Knibbe is supported by Annemiek T. J. van Melick, the Director of Finance/CFO, who joined the company on June 30, 2022, at the age of 49. Janet Stuijt, the Compliance Officer, has been with the company since December 31, 2010, at the age of 55.

Here is a brief overview of the management team:

The board of directors includes experienced individuals such as Robert Warren Jenkins, who has been a Director/Board Member since February 1, 2016, at the age of 74. David Cole, the Chairman, has been with the company since May 28, 2019, at the age of 63.

Meet the team at NN Group N.V.! David Knibbe, the CEO, has been in the position since September 30, 2019, at the age of 53. Annemiek T. J. van Melick, Director of Finance/CFO, joined the team on June 30, 2022, at 49 years old. Janet Stuijt, Compliance Officer, has been with the company since December 31, 2010, at 55 years old.

David Knibbe is the Chief Executive Officer, a position he's held since 2019. Annemiek T. J. van Melick is the Director of Finance/CFO, a role she took on in 2022. Janet Stuijt is the Compliance Officer, a position she's held since 2010.

Let's take a look at the management team's ages:

David Cole, the Chairman, has been in the position since May 28, 2019, at the age of 63. Robert Warren Jenkins, Director/Board Member, joined the team on February 1, 2016, at 74 years old. Inga Beale, Director/Board Member, has been with the company since May 19, 2021, at 61 years old.

David Cole is the Chairman, a position he's held since 2019. Robert Warren Jenkins is the Director/Board Member, a role he took on in 2016. Inga Beale is the Director/Board Member, a position she's held since 2021.

Let's take a look at the board of directors' ages:

Private companies are often associated with a single owner or a small group of shareholders. This concentration of ownership can lead to a more streamlined decision-making process.

In private companies, the board of directors typically consists of the company's founders or major shareholders. They usually have a significant say in the company's operations and financial decisions.

Private companies often have a more flexible management structure, allowing for quicker decision-making and more autonomy for executives. This can be beneficial in rapidly changing markets or industries.

The lack of public scrutiny in private companies means that their financial information is not publicly disclosed, unlike public companies. This can make it challenging for investors, creditors, and other stakeholders to assess the company's financial health.

As a result, private companies may have an advantage in terms of maintaining confidentiality and protecting trade secrets. However, this can also limit the company's ability to attract investors or secure funding through public offerings.

NN Group is a leading insurer in the Netherlands, with a history dating back to 1845.

The company has undergone significant changes over the years, including a merger with Delta Lloyd in 2015.

NN Group's primary activities are in the field of insurance, with a strong presence in the Dutch market.

The company's insurance portfolio includes life and non-life insurance products, catering to both individual and business customers.

NN Group has a significant market share in the Dutch insurance market, with a strong brand presence.

The company's operations are divided into two main segments: NN Life and NN Non-Life.

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NN Group has been quite active in making announcements to the public through press releases.

One notable press release was published on January 14, where NN Group published its 2H24 semi-annual pre-close note.

NN Group completed the sale of Hayat ve Emeklilik on January 10.

In November, Nationale Nederlanden started a collaboration with Domcura in Germany.

Jolanda Roos was appointed as the Chief Risk Officer of Nationale Nederlanden Schade & Inkomen on October 24, 2017.

NN Group also made an announcement on September 25 that it would be selling its Turkish business to Zurich Türkiye.

NN Group has made significant strides in its acquisitions and partnerships.

In 2018, NN Group acquired Delta Lloyd Group, a Dutch financial services provider. This acquisition expanded NN Group's presence in the Dutch market and strengthened its position as a leading financial services provider.

NN Group's partnership with the Dutch pension fund, ABP, has also been a notable development. This partnership has enabled NN Group to offer pension administration services to ABP's members.

The acquisition of NN Group's subsidiary, OHRA Recht en Verzekeringen, by the Dutch insurance company, OHRA, is another example of NN Group's strategic partnerships. This deal allowed OHRA to expand its services and expertise in the Dutch market.

NN Group's focus on strategic partnerships has helped the company to expand its services and expertise, while also improving its market position.

NN Group is a leading insurance and financial services company.

NN Group is listed on the Euronext Amsterdam stock exchange under the ticker symbol NN.

NN Group's shares are widely held by institutional investors, with over 70% of its shares held by institutional investors.