Report
Cor Kluis

NN Group : End 2H23 Solvency 193% and OCG 836m in 2H23, S2 200% end 2024

>Conclusion: End 2H23 S2 193% and OCG 836m in 2H23, S2 200% end 2024 - For end 4Q23 we expect the group Solvency 2 ratio to be 193% (or 198% excl. the uneconomic temporary mortgage volatility). We estimate that this S2 ratio will be 200% end 2024 and 202% end 2025. We estimate a good OCG of € 836m for 2H23, being at the top end of their guided range. NN announced a double-digit step-up of the dividend per share being at least € 3.07 dividend over FY23 meaning a final ...
Underlying
NN Group N.V.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Cor Kluis

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