NN Group (2NN0) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 06, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

1.79

Last Year’s EPS

0.65

Same Quarter Last Year

Analyst Consensus

―

Based on 0 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 12, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call showed strong commercial execution and financial delivery in 2025 with multiple measurable wins: OCG and free cash flow outperformance, a very robust Solvency II ratio, tangible AI/digital progress, and an enhanced, recurring shareholder return program. Key growth segments (Insurance Europe, Japan, Netherlands Non-life and DC inflows) delivered meaningful expansion in volumes and margins. Offsetting factors include a material disability reserve strengthening and repricing actions, some bank margin pressure, non-recurring tailwinds in 2025 that may not repeat, and non-operational IFRS volatility from certain bond and derivative revaluations. On balance, the positive operational and capital developments materially outweigh the challenges, though management flagged areas of transitory risk and one-off items that may temper near-term comparables.

Company Guidance

Guidance highlights: management expects flat reported OCG in 2026 after strong 2025 results (OCG €2.1bn, +9% y/y vs a €1.9bn target) and free cash flow slightly above the €1.6bn target (+7% y/y), while reiterating 2028 targets of OCG €2.2bn and free cash flow >€1.8bn; solvency remains robust (group Solvency II ~220%, NN Life ~233%), holding cash was ~€1.8bn at year‑end (pro‑forma ~€1.6bn after RT1 repayment) with a preferred holding range of €0.5–1.5bn, and operating capital generation in H2 was ~€1.1bn (adding ~13pp to solvency) while market variance added ~7pp; capital returns are being stepped up by €100m (split €50m extra dividend raising DPS to €3.88, +13%, and €50m higher buyback to €350m), >€11bn returned since IPO, management won’t refinance a €600m 2027 senior note and expects ~€1.5bn excess cash potential over 2025–28 (with ~€400m+ allocated to shareholders and ~€500m residual for value‑creating opportunities); growth and operational metrics include 236 AI use cases and 42% of sales from digital leads (40% of the €200m/yr 2027 run‑rate benefits realized by end‑2025), Insurance Europe VNB +16% y/y (decade avg ~12% annual new business growth), Japan VNB +25% (≈+30% FX‑adj) targeting recovery to 2022 VNB (JPY20bn) by 2028, Netherlands Non‑life GWP +6% to >€4bn with combined ratio 92.9% (P&C 90.3%), Netherlands Life DC inflows €2.6bn and immediate annuity gross inflow ~€0.8bn in 2025 (CAGR 10–15% to ~€1.4bn by 2030; annuity AUM target ~€10bn and >€65bn total AUM with a 15–20bp OCG margin by 2028).

Exceeded 2025 Financial Targets

Operating Capital Generation (OCG) of EUR 2.1 billion, up 9% versus 2024, and Free Cash Flow slightly above the EUR 1.6 billion target, up 7% year-on-year, outperforming stated 2025 objectives.

Very Strong Solvency and Capital Position

Group Solvency II ratio at 220% and Netherlands Life solvency increased from 200% to 233%, with improved quality of capital after removing the unit-linked overhang.

Enhanced Shareholder Returns

Additional capital return of EUR 100 million split equally between a EUR 50 million step-up in the annual share buyback (now EUR 350 million) and a EUR 50 million dividend increase; Dividend per share raised by 13% to EUR 3.88. NN Group has returned over EUR 11 billion to shareholders since IPO.

Commercial Momentum in Growth Segments

Insurance Europe New Business Value (VNB) up 16% vs 2024; Japan VNB up 25% vs 2024 (approx. 30% currency-adjusted) and 34% when comparing from Q2 onwards; Netherlands Non-life gross written premium up 6%, surpassing EUR 4 billion for the first time; Netherlands Life DC inflows of EUR 2.6 billion.

Future Ready / AI Progress and Digital Sales

236 AI use cases implemented, 42% of sales come from digital leads, and 40% of the EUR 200 million annual benefit target (i.e., ~EUR 80 million run rate) realized by end-2025—demonstrating measurable digital productivity gains.

Operational Efficiency Improvements

Third-party car liability claims processing automated end-to-end—processing time reduced from 1–3 days to minutes. AI avatars train >9,000 tied agents (boosting conversion) and AIReply rolled out to improve email response efficiency in Dutch units.

Segmental Operating Trends & Outlook

OCG growth by segment: Netherlands Life +13% (benefiting from positive experience and higher investment returns in 2025), Europe +13% (higher sales and margins), Netherlands Non-life +9% (reported) and Japan +8% (despite limitations on deferring acquisition costs). 2028 targets reiterated: OCG EUR 2.2 billion and Free Cash Flow > EUR 1.8 billion.

Balance Sheet & Liquidity Actions

Holding cash capital increased to EUR 1.8 billion then pro-forma EUR 1.6 billion after RT1 repayment; RT1 notes redeemed Jan 2026. Intend not to refinance EUR 600 million senior debt maturing 2027; residual excess cash potential ~EUR 500 million (2025–2028) after announced returns and deleveraging.

NN Group (DE:2NN0) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:2NN0 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2026	2026 (Q2)	1.79 / -	0.646	―	―	―
Feb 12, 2026	2025 (Q4)	1.68 / 1.45	1.607	-9.98% (-0.16)
Aug 08, 2025	2025 (Q2)	1.65 / 0.65	1.03	-37.31% (-0.38)
Feb 20, 2025	2024 (Q4)	1.55 / 1.61	0.936	71.56% (+0.67)
Aug 15, 2024	2024 (Q2)	1.66 / 1.03	0.923	11.58% (+0.11)
Feb 29, 2024	2023 (Q4)	1.40 / 0.94	0.603	55.27% (+0.33)
Aug 29, 2023	2023 (Q2)	0.67 / 0.92	0.563	63.86% (+0.36)
Feb 16, 2023	2022 (Q4)	0.61 / 0.60	0.588	2.60% (+0.02)
Aug 11, 2022	2022 (Q2)	0.57 / 0.56	2.224	-74.68% (-1.66)	―	―
Feb 17, 2022	2021 (Q4)	0.60 / 0.59	0.445	32.00% (+0.14)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:2NN0 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 12, 2026	€34.00	€35.20	+3.53%
Aug 08, 2025	€29.66	€29.85	+0.66%
Feb 20, 2025	€21.46	€21.46	0.00%
Aug 15, 2024	€20.43	€20.80	+1.82%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does NN Group (DE:2NN0) report earnings?

NN Group (DE:2NN0) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).

What is NN Group (DE:2NN0) earnings time?

NN Group (DE:2NN0) earnings time is at Aug 06, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

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What is the P/E ratio of NN Group stock?

The P/E ratio of NN Group is N/A.

What is DE:2NN0 EPS forecast?

DE:2NN0 EPS forecast for the fiscal quarter 2026 (Q2) is 1.79.