NN Group - Company Research Report

Company Overview

Name:

NN Group N.V.

Mission of the Company:

To help people care for what matters most to them. NN Group is a values-led company committed to doing business with the future in mind.

Founded:

No information is available.

Founders:

No information is available.

Key People in the Company:

Executive Board:

David Knibbe, Chief Executive Officer (Chair)

Annemiek van Melick, Chief Financial Officer (Vice-chair)

Management Board:

David Knibbe, Chief Executive Officer

Annemiek van Melick, Chief Financial Officer

Tjeerd Bosklopper, CEO Netherlands Non-life, Banking & Technology

Frank Eijsink, CEO International Insurance

Bernhard Kaufmann, Chief Risk Officer (until August 2024)

Dailah Nihot, Chief People, Communications, and Sustainability Officer

Leon van Riet, CEO Netherlands Life & Pensions

Janet Stuijt, General Counsel

Supervisory Board:

David Cole, Chair

Pauline van der Meer Mohr, Vice-chair

Inga Beale, Member

Robert Jenkins, Member

Rob Lelieveld, Member

Cecilia Reyes, Member

Koos Timmermans, Member

Headquarters:

The Hague, Netherlands

Number of Employees:

16,000

Revenue:

No information is available.

Known For:

NN Group is known for providing a wide range of financial services, including retirement services, pensions, insurance, banking, and investments.

Products

Financial Services:

NN Group offers products under different segments:

Netherlands Life:

Provides group life and individual life insurance products predominantly through Nationale-Nederlanden Life, AZL and BeFrank.

Netherlands Non-life:

Offers a broad range of non-life insurance products including motor, fire, liability, transport, travel, and disability and accident insurance through Nationale-Nederlanden Non-life, ABN AMRO Insurance, Movir, and OHRA.

Insurance Europe:

Offers life insurance and pension products to retail, self-employed, and SME customers, along with non-life insurance products in Belgium, Spain, Poland, and health insurance in Greece, Hungary, and Romania. Key brands include NN and Nationale-Nederlanden.

Japan Life:

Provides corporate-owned life insurance (COLI) products to owners and employees of SMEs through independent agents and financial institutions.

Banking:

NN Bank offers banking products like mortgage loans, internet savings, bank annuities, consumer lending, and retail investment products. It complements NN's insurance products and provides mortgage administration services.

Other:

Includes Japan Closed Block VA and NN Re, providing services such as innovative reinsurance solutions and managing NN Group’s closed-block variable annuity portfolio in Japan.

Recent Developments

Recent Developments:

As of August 2024, NN Group reported strong operational and commercial growth for the first half of the year.

Wilbert Ouburg succeeded Bernhard Kaufmann as Chief Risk Officer of NN Group.

New Products:

Vi: Launched in December 2023, Vi is a platform focused on providing women with resources related to menopause.

Zorggenoot: Launched in December 2023, Zorggenoot supports caregivers in organizing and financing care for loved ones in the Netherlands.

New Features:

No information is available.

Partnerships:

NN is the main sponsor of the NN Running Team in collaboration with Nike.

This report is based on the current available data and may not encompass all aspects of the company details. For complete and updated information, direct inquiries to NN Group's investor relations or visit their official website.