NN Group NV (NN) - Net Assets

Latest as of June 2025: €21.73 Billion EUR

Based on the latest financial reports, NN Group NV (NN) has net assets worth €21.73 Billion EUR as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€206.11 Billion) and total liabilities (€184.38 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€21.73 Billion
% of Total Assets	10.55%
Annual Growth Rate	1.21%
5-Year Change	-44.16%
10-Year Change	0.88%
Growth Volatility	25.36

NN Group NV - Net Assets Trend (2001–2024)

This chart illustrates how NN Group NV's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for NN Group NV (2001–2024)

The table below shows the annual net assets of NN Group NV from 2001 to 2024.

Year	Net Assets	Change
2024-12-31	€21.65 Billion	+2.52%
2023-12-31	€21.12 Billion	+18.43%
2022-12-31	€17.83 Billion	-48.93%
2021-12-31	€34.92 Billion	-9.94%
2020-12-31	€38.77 Billion	+18.24%
2019-12-31	€32.79 Billion	+31.97%
2018-12-31	€24.85 Billion	+0.20%
2017-12-31	€24.80 Billion	+4.62%
2016-12-31	€23.70 Billion	+10.44%
2015-12-31	€21.46 Billion	+0.22%
2014-12-31	€21.42 Billion	+49.82%
2013-12-31	€14.29 Billion	-45.37%
2012-12-31	€26.17 Billion	+11.47%
2011-12-31	€23.47 Billion	+12.20%
2010-12-31	€20.92 Billion	+31.03%
2009-12-31	€15.97 Billion	+28.63%
2008-12-31	€12.41 Billion	-33.98%
2007-12-31	€18.80 Billion	-20.63%
2006-12-31	€23.69 Billion	+8.39%
2005-12-31	€21.85 Billion	+39.59%
2004-12-31	€15.66 Billion	+18.62%
2003-12-31	€13.20 Billion	+10.08%
2002-12-31	€11.99 Billion	-27.00%
2001-12-31	€16.43 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to NN Group NV's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 193.4% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	€32.00 Million	0.15%
Other Comprehensive Income	€11.89 Billion	55.13%
Other Components	€12.58 Billion	58.33%
Total Equity	€21.57 Billion	100.00%

NN Group NV Competitors by Market Cap

The table below lists competitors of NN Group NV ranked by their market capitalization.

Company	Market Cap
Somnigroup International Inc. NYSE:SGI	$17.84 Billion
Publicis Groupe SA PA:PUB	$17.87 Billion
Divi's Laboratories Limited NSE:DIVISLAB	$17.88 Billion
JD HEALTH INTL LTD F:8ZN	$17.90 Billion
Techtronic Industries Company Limited F:TIB1	$17.78 Billion
QXO, Inc. NYSE:QXO	$17.71 Billion
RBC Bearings Incorporated NYSE:RBC	$17.69 Billion
CK Asset Holdings Limited F:1CK	$17.68 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in NN Group NV's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 19,624,000,000 to 21,567,000,000, a change of 1,943,000,000 (9.9%).
Net income of 1,583,000,000 contributed positively to equity growth.
Dividend payments of 764,000,000 reduced retained earnings.
Share repurchases of 529,000,000 reduced equity.
Other comprehensive income increased equity by 4,879,000,000.
Other factors decreased equity by 3,226,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	€1.58 Billion	+7.34%
Dividends Paid	€764.00 Million	-3.54%
Share Repurchases	€529.00 Million	-2.45%
Other Comprehensive Income	€4.88 Billion	+22.62%
Other Changes	€-3.23 Billion	-14.96%
Total Change	€-	9.90%

Book Value vs Market Value Analysis

This analysis compares NN Group NV's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.93x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 1.10x to 0.93x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-12-31	€66.89	€73.56	x
2012-12-31	€74.14	€73.56	x
2013-12-31	€40.65	€73.56	x
2014-12-31	€60.70	€73.56	x
2015-12-31	€62.95	€73.56	x
2016-12-31	€72.65	€73.56	x
2017-12-31	€73.79	€73.56	x
2018-12-31	€73.23	€73.56	x
2019-12-31	€98.28	€73.56	x
2020-12-31	€122.36	€73.56	x
2021-12-31	€112.03	€73.56	x
2022-12-31	€60.09	€73.56	x
2023-12-31	€70.72	€73.56	x
2024-12-31	€79.32	€73.56	x

Capital Efficiency Dashboard

This dashboard shows how efficiently NN Group NV utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 7.34%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.54%
• Asset Turnover: 0.06x
• Equity Multiplier: 9.75x
Recent ROE (7.34%) is below the historical average (11.92%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	20.34%	6.09%	0.19x	17.35x	€1.60 Billion
2002	35.17%	8.36%	0.19x	22.33x	€2.73 Billion
2003	20.82%	3.93%	0.26x	20.03x	€1.30 Billion
2004	25.69%	6.54%	0.21x	18.43x	€2.19 Billion
2005	15.95%	6.14%	0.16x	15.94x	€1.23 Billion
2006	18.07%	7.08%	0.17x	15.23x	€1.77 Billion
2007	31.54%	9.45%	0.19x	17.98x	€3.86 Billion
2011	5.24%	7.20%	0.05x	14.33x	€-1.12 Billion
2012	4.00%	7.79%	0.04x	12.94x	€-1.56 Billion
2013	2.26%	2.80%	0.08x	10.25x	€-1.10 Billion
2014	2.76%	4.36%	0.08x	7.75x	€-1.55 Billion
2015	7.29%	11.11%	0.09x	7.56x	€-580.50 Million
2016	5.02%	8.26%	0.09x	7.11x	€-1.18 Billion
2017	8.62%	11.66%	0.08x	9.27x	€-338.20 Million
2018	4.54%	5.66%	0.09x	9.11x	€-1.34 Billion
2019	6.03%	9.68%	0.08x	7.64x	€-1.29 Billion
2020	4.95%	10.16%	0.07x	6.85x	€-1.95 Billion
2021	9.46%	17.18%	0.08x	7.26x	€-187.20 Million
2022	9.20%	19.21%	0.04x	12.22x	€-142.90 Million
2023	5.97%	8.89%	0.06x	10.65x	€-790.40 Million
2024	7.34%	12.54%	0.06x	9.75x	€-573.70 Million

Industry Comparison

This section compares NN Group NV's net assets metrics with peer companies in the Insurance - Diversified industry.

Industry Context

Industry: Insurance - Diversified
Average net assets among peers: $13,510,000,000
Average return on equity (ROE) among peers: 18.57%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
NN Group NV (NN)	€21.73 Billion	20.34%	8.48x	$17.82 Billion
Aegon NV (AGN)	$24.66 Billion	-0.55%	17.00x	$10.02 Billion
ASR Nederland NV (ASRNL)	$2.36 Billion	37.69%	15.50x	$12.80 Billion

About NN Group NV

AS:NN Netherlands Insurance - Diversified

Market Cap

$22.55 Billion

€19.29 Billion EUR

Market Cap Rank

#1274 Global

#13 in Netherlands

Share Price

€73.56

Change (1 day)

+0.79%

52-Week Range

€51.68 - €73.56

All Time High

€73.56