NN Group (NNGRY) 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

2.11

Last Year’s EPS

0.76

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 (NNGRY) 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

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NNGRY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2026	2026 (Q2)	2.11 / -	0.761	―	―	―
Feb 12, 2026	2025 (Q4)	1.98 / 1.71	1.894	-9.98% (-0.19)
Aug 08, 2025	2025 (Q2)	1.95 / 0.76	1.214	-37.31% (-0.45)
Feb 20, 2025	2024 (Q4)	1.83 / 1.89	1.104	71.56% (+0.79)
Aug 15, 2024	2024 (Q2)	1.96 / 1.21	1.088	11.58% (+0.13)
Feb 29, 2024	2023 (Q4)	1.65 / 1.10	0.711	55.27% (+0.39)
Aug 29, 2023	2023 (Q2)	0.79 / 1.09	0.664	63.86% (+0.42)
Feb 16, 2023	2022 (Q4)	0.72 / 0.71	0.693	2.60% (+0.02)
Aug 11, 2022	2022 (Q2)	0.67 / 0.66	2.622	-74.68% (-1.96)	―	―
Feb 17, 2022	2021 (Q4)	0.70 / 0.69	0.525	32.00% (+0.17)	―	―

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

NNGRY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 12, 2026	$40.86	$41.87	+2.48%
Aug 08, 2025	$34.75	$35.78	+2.99%
Feb 20, 2025	$22.61	$23.54	+4.12%
Aug 15, 2024	$23.38	$22.76	-2.65%

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 (NNGRY) report earnings?

NN Group (NNGRY) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).

What is NN Group (NNGRY) earnings time?

NN Group (NNGRY) earnings time is at Aug 06, 2026, Before Open (Confirmed).

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What is NNGRY EPS forecast?

NNGRY EPS forecast for the fiscal quarter 2026 (Q2) is 2.11.