NN Group N.V. (NN) AI Stock Analysis

• Market Cap: €17.98B
• Dividend Yield: 5.4%
• Average Volume (3M): 591.04K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.59
• Revenue Growth: -15.54%
• EPS Growth: 10.53%
• Country: NL
• Employees: 13,497
• Sector: General
• Sector Strength: N/A
• Industry: Insurance - Diversified
• EPS (TTM): 2.87
• Shares Outstanding: 263,000,000
• 10 Day Avg. Volume: 595,943
• 30 Day Avg. Volume: 591,038
• PEG Ratio: -0.62
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 6.24
• P/FCF Ratio: -7.99
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €74.53
• Price Target Upside: 4.38% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 8.18
• Revenue Forecast (FY): €15.25B

• Rating: 53 Neutral
• Price Target: €68.00 ▼(-4.76% Downside)
• Action: Reiterated Date: 03/11/26
• Date: Action: Reiterated 03/11/26

The score is primarily constrained by weak and inconsistent cash flow and highly volatile revenue, despite improved reported profitability and a still-supported (but increasingly leveraged) balance sheet. Technical indicators also point to weak momentum and a near-term downtrend. These risks are partially offset by a supportive valuation, led by a high dividend yield and a reasonable P/E.

Positive Factors

Diversified business model

NN's dual revenue engines—insurance (life, pensions, non-life) and asset management—create structural diversification. Premiums, investment income on float, and recurring management fees reduce reliance on a single product or market, supporting more resilient cash flows across economic cycles.

Negative Factors

Extreme revenue volatility

The dramatic top-line swings and a ~-78% reported revenue drop in 2025 signal unstable underlying business volumes or one-off accounting impacts. Persistent volatility undermines long-term planning, pricing, and capital allocation, making earnings and cash-flow durability difficult to rely upon.

NN Group N.V. Business Overview & Revenue Model

Company Description

NN Group N.V., a financial services company, primarily provides life insurance products in the Netherlands and internationally. The company operates through Netherlands Life, Netherlands Non-life, Insurance Europe, Japan Life, Banking, and Other s...

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NN Group N.V., a financial services company, primarily provides life insurance products in the Netherlands and internationally. The company operates through Netherlands Life, Netherlands Non-life, Insurance Europe, Japan Life, Banking, and Other s...

How the Company Makes Money

NN makes money mainly through (1) insurance operations and (2) asset management fees. 1) Insurance (life, pensions, and non-life) - Premium income: Customers (individuals and businesses) pay premiums for coverage (e.g., term life, pensions/annuit...

Read more

NN makes money mainly through (1) insurance operations and (2) asset management fees. 1) Insurance (life, pensions, and non-life) - Premium income: Customers (individuals and businesses) pay premiums for coverage (e.g., term life, pensions/annuit...

NN Group N.V. Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.94B	3.00B	12.62B	13.18B	8.51B	19.08B
Gross Profit	13.94B	3.00B	12.62B	13.18B	8.51B	19.08B
EBITDA	0.00	2.85B	0.00	0.00	0.00	0.00
Net Income	1.33B	1.19B	1.58B	1.17B	1.63B	3.28B
Balance Sheet
Total Assets	206.11B	204.91B	210.38B	208.94B	217.11B	251.59B
Cash, Cash Equivalents and Short-Term Investments	0.00	6.40B	112.98B	118.31B	88.56B	114.81B
Total Debt	13.08B	13.69B	11.53B	14.10B	15.40B	12.24B
Total Liabilities	184.38B	183.76B	188.72B	187.82B	199.28B	216.67B
Stockholders Equity	21.64B	19.08B	21.57B	19.62B	17.77B	34.65B
Cash Flow
Free Cash Flow	249.00M	-2.35B	-401.00M	62.00M	-8.22B	-2.64B
Operating Cash Flow	249.00M	-2.35B	-401.00M	62.00M	-8.18B	-2.59B
Investing Cash Flow	1.10B	1.10B	2.56B	4.53B	6.08B	-1.83B
Financing Cash Flow	-393.00M	794.00M	-3.41B	-2.99B	1.76B	-741.00M

NN Group N.V. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 71.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:NN, the sentiment is Positive. The current price of 71.4 is above the 20-day moving average (MA) of 67.58, above the 50-day MA of 67.94, and above the 200-day MA of 62.37, indicating a bullish trend. The MACD of 0.91 indicates Negative momentum. The RSI at 68.08 is Neutral, neither overbought nor oversold. The STOCH value of 88.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:NN.

NN Group N.V. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HAL	76 Outperform	€15.63B	5.57	11.85%	2.07%	2.01%	79.48%
INGA	60 Neutral	€69.69B	12.40	12.05%	5.10%	0.12%	-2.71%
AGN	58 Neutral	€10.10B	10.61	14.36%	5.79%	-6.64%	―
ABN	57 Neutral	€23.92B	14.95	9.85%	4.36%	-12.70%	-12.34%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
ASRNL	54 Neutral	€12.76B	6.94	6.31%	5.32%	16.35%	67.44%
NN	53 Neutral	€17.98B	―	6.47%	5.40%	-15.54%	10.53%