NN GROUP NV UNSP.ADR/1 (2NN0) - Net Assets
Based on the latest financial reports, NN GROUP NV UNSP.ADR/1 (2NN0) has net assets worth €21.16 Billion EUR (≈ $24.73 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€204.91 Billion ≈ $239.56 Billion USD) and total liabilities (€183.76 Billion ≈ $214.83 Billion USD). 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. Check NN GROUP NV UNSP.ADR/1 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €21.16 Billion |
| % of Total Assets | 10.32% |
| Annual Growth Rate | -2.73% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4.98 |
NN GROUP NV UNSP.ADR/1 - Net Assets Trend (2021–2025)
This chart illustrates how NN GROUP NV UNSP.ADR/1's net assets have evolved over time, based on quarterly financial data. Explore how efficiently does NN GROUP NV UNSP.ADR/1 generate cash to assess how effectively this company generates cash.
Annual Net Assets for NN GROUP NV UNSP.ADR/1 (2021–2025)
The table below shows the annual net assets of NN GROUP NV UNSP.ADR/1 from 2021 to 2025. For live valuation and market cap data, see 2NN0 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €21.16 Billion ≈ $24.73 Billion |
-2.30% |
| 2024-12-31 | €21.65 Billion ≈ $25.31 Billion |
+2.52% |
| 2023-12-31 | €21.12 Billion ≈ $24.69 Billion |
+0.09% |
| 2022-12-31 | €21.10 Billion ≈ $24.67 Billion |
-10.71% |
| 2021-12-31 | €23.63 Billion ≈ $27.63 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to NN GROUP NV UNSP.ADR/1'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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €21.06 Billion | 100.00% |
| Total Equity | €21.06 Billion | 100.00% |
NN GROUP NV UNSP.ADR/1 Competitors by Market Cap
The table below lists competitors of NN GROUP NV UNSP.ADR/1 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bayan Resources Tbk
JK:BYAN
|
$19.09 Billion |
|
EDP-ENERG.PORTUG. ADR/10
F:EDPA
|
$19.10 Billion |
|
Jardine Matheson Holdings Limited
F:H4W
|
$19.13 Billion |
|
Amcor PLC
NYSE:AMCR
|
$19.14 Billion |
|
Amcor Plc
AU:AMC
|
$19.08 Billion |
|
Amkor Technology Inc
NASDAQ:AMKR
|
$18.99 Billion |
|
Centrais Electricas Brasileiras SA
NYSE:EBR
|
$18.99 Billion |
|
Shanghai Precise Packaging Co Ltd
SHE:300442
|
$18.98 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NN GROUP NV UNSP.ADR/1's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 21,567,000,000 to 21,062,000,000, a change of -505,000,000 (-2.3%).
- Net income of 1,188,000,000 contributed positively to equity growth.
- Dividend payments of 939,000,000 reduced retained earnings.
- Other factors decreased equity by 754,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.19 Billion | +5.64% |
| Dividends Paid | €939.00 Million | -4.46% |
| Other Changes | €-754.00 Million | -3.58% |
| Total Change | €- | -2.34% |
Book Value vs Market Value Analysis
This analysis compares NN GROUP NV UNSP.ADR/1'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: 0.46x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €76.54 | €36.60 | x |
| 2022-12-31 | €74.73 | €36.60 | x |
| 2023-12-31 | €76.83 | €36.60 | x |
| 2024-12-31 | €80.65 | €36.60 | x |
| 2025-12-31 | €80.33 | €36.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NN GROUP NV UNSP.ADR/1 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): 5.64%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.86%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 9.73x
- Recent ROE (5.64%) is below the historical average (8.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 14.02% | 17.24% | 0.08x | 10.75x | €939.20 Million |
| 2022 | 7.77% | 0.00% | 0.00x | 9.84x | €-468.90 Million |
| 2023 | 5.57% | 10.68% | 0.05x | 9.93x | €-932.00 Million |
| 2024 | 7.34% | 14.22% | 0.05x | 9.75x | €-573.70 Million |
| 2025 | 5.64% | 13.86% | 0.04x | 9.73x | €-918.20 Million |
Industry Comparison
This section compares NN GROUP NV UNSP.ADR/1's net assets metrics with peer companies in the Insurance - Diversified industry.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $27,337,401,859
- Average return on equity (ROE) among peers: 9.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NN GROUP NV UNSP.ADR/1 (2NN0) | €21.16 Billion | 14.02% | 8.69x | $19.09 Billion |
| WATERDROP INC.ADS/10 CL.A (717) | $4.77 Billion | 12.75% | 0.24x | $371.99 Million |
| Allianz SE VNA O.N. (ALV) | $46.56 Billion | 10.85% | 12.42x | $140.11 Billion |
| ALLIANZ SE UNSP.ADR 1/10 (ALVE) | $61.56 Billion | 13.87% | 14.97x | $141.45 Billion |
| ASS.GENERALI ADR 1/2/EO 1 (ASG0) | $28.97 Billion | 7.71% | 16.37x | $54.86 Billion |
| AXA SA (AXAA) | $75.88 Billion | 7.68% | 10.77x | $78.11 Billion |
| MAPFRE S.A.ADR 2 / EO-10 (CMA) | $10.51 Billion | 10.77% | 4.57x | $12.03 Billion |
| AVIVA PLC SPONS.ADR/2 (GU80) | $16.69 Billion | 11.78% | 20.09x | $22.30 Billion |
| NÜRNBERGER Beteiligungs-AG (NBG6) | $862.40 Million | 7.82% | 37.12x | $1.38 Billion |
| RheinLand Holding AG (RLV) | $228.79 Million | 2.69% | 7.78x | $115.20 Million |
About NN GROUP NV UNSP.ADR/1
NN Group N.V., a financial services company, provides life and non-life insurance products in the Netherlands and internationally. It operates through the Netherlands Life, the Netherlands Non-Life, Insurance Europe, Japan Life, and NN Bank segments. The company provides insured defined benefit, defined contribution, pensions under the Nationale-Nederlanden brand name; premium pension institution… Read more