NNGRY News and Press, NN Group NV ADR From 03/16/23

2023-03-16 05:58:52 ET Summary NN Group is a large Dutch insurance company with in excess of 200B EUR in assets. It also operates a (small) bank. The insurance company had in excess of 100B EUR in the securities available for sale portfolio in 2021, this dropped to 81B EUR in 2022...

Summary Despite the Asset Management disposal, NN delivered a strong operating capital generation. Buyback left unchanged, but higher DPS (+12%). Solid holding company cash, so we confirm our buy rating. In early January, we decided to continue publishing our comps analysi...

Summary The next key catalyst is scheduled for next week. There is a possibility of a buyback announcement. There is a strong rationale with ASR deal. Aegon's free cash flow fall is more than compensated for €2.5 billion up front and 29.9% of the newly combined entity. ...

Summary Lower Solvency II requirements will be compensated by cash flow generation. Wall Street expectations on higher buyback is not the solution. In the long run, we prefer tactical M&A and a progressive dividend policy. NN Group offers an interesting entry point both at valua...

Growing interest rates are a major tailwind for insurers. It is not accidental that Warren Buffett recently made a big insurance acquisition after a long dry spell. Even at low interest rates, six insurers presented have delivered index-beating returns. These companies represent 3...

NN Group is a dominant insurance company in The Netherlands focusing on both the life and non-life segments. The dividend has been hiked to 2.49 EUR per share, but the company has also announced a 1B EUR share buyback program. Trading at less than 0.4 times the book value and give...

Leading life insurance provider MetLife’s (MET) shares have shot up 12.5% in price over the past month thanks to earnings and premium revenues growth across all its business segments in its last reported quarter. With increasing risk awareness spurring the demand for insurance plans, i...

NN Group recently announced the acquisition of MetLife’s Poland and Greece businesses. Along with the Heinenoord acquisition, NN gains clear strategic and financial benefits without impacting the capital return. With shares offering a compelling FCF yield and shareholder re...

NN Group NV (NNGPF) Q4 2020 Earnings Conference Call February 18, 2021, 04:00 ET Company Participants David Knibbe - Chairman & CEO Rueda Arroyo - Vice Chairman & CFO Bernhard Kaufmann - Chief Risk Officer Conference Call Participants Benoit Petrarque - Kepler Cheuvreux Fulin Liang - ...

The following slide deck was published by NN Group N.V. in conjunction with their 2020 Q4 earnings call. For further details see: NN Group N.V. 2020 Q4 - Results - Earnings Call Presentation