NN Group : Better OCG, FCF, SBB, dividend, & pension buyouts improved its positioning
>Conclusion: Better OCG, FCF, SBB, div, & pension buyouts improved positioning - NN Group had put much information in its FY23 results: good results, increasing multiple targets and increased its recurring SBB. End 2023 its solvency was better than expected, and we expect it to rise to 203% by end 2024 and to 210% by end 2025. The S2 ratio sensitivity rose for real estate, equity and mortgages, but the hybrid actions YTD24 are improving these sensitivities/tiering res...NN Group is a financial services company based in the Netherlands. Co. engages in insurance and investment management activities, providing life and non-life insurance products primarily in the Netherlands, Belgium, rest of Europe, and Asia. Co. offers group and individual life insurance; and motor, transport, fire, liability, travel, and income insurance. Co. also offers retirement, insurance, investments, and banking services to retail, SME, corporate, and institutional customers. Co. is active in 18 countries, with a presence predominantly in a number of European countries and Japan.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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