NÜRNBERGER Beteiligungs-AG (NBG6) - Net Assets
Based on the latest financial reports, NÜRNBERGER Beteiligungs-AG (NBG6) has net assets worth €891.32 Million EUR (≈ $1.04 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 (€37.48 Billion ≈ $43.82 Billion USD) and total liabilities (€36.59 Billion ≈ $42.78 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 NÜRNBERGER Beteiligungs-AG tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €891.32 Million |
| % of Total Assets | 2.38% |
| Annual Growth Rate | 0.66% |
| 5-Year Change | -4.44% |
| 10-Year Change | 22.17% |
| Growth Volatility | 8.25 |
NÜRNBERGER Beteiligungs-AG - Net Assets Trend (2013–2025)
This chart illustrates how NÜRNBERGER Beteiligungs-AG's net assets have evolved over time, based on quarterly financial data. See NÜRNBERGER Beteiligungs-AG (NBG6) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for NÜRNBERGER Beteiligungs-AG (2013–2025)
The table below shows the annual net assets of NÜRNBERGER Beteiligungs-AG from 2013 to 2025. For live valuation and market cap data, see market cap of NÜRNBERGER Beteiligungs-AG.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €891.32 Million ≈ $1.04 Billion |
+5.05% |
| 2024-12-31 | €848.46 Million ≈ $991.94 Million |
-12.22% |
| 2023-12-31 | €966.57 Million ≈ $1.13 Billion |
+0.23% |
| 2022-12-31 | €964.36 Million ≈ $1.13 Billion |
+3.39% |
| 2021-12-31 | €932.76 Million ≈ $1.09 Billion |
+2.88% |
| 2020-12-31 | €906.69 Million ≈ $1.06 Billion |
+5.14% |
| 2019-12-31 | €862.40 Million ≈ $1.01 Billion |
+3.81% |
| 2018-12-31 | €830.73 Million ≈ $971.21 Million |
+3.71% |
| 2017-12-31 | €801.04 Million ≈ $936.50 Million |
+9.79% |
| 2016-12-31 | €729.59 Million ≈ $852.97 Million |
+3.39% |
| 2015-12-31 | €705.65 Million ≈ $824.98 Million |
-20.36% |
| 2014-12-31 | €886.06 Million ≈ $1.04 Billion |
+7.57% |
| 2013-12-31 | €823.68 Million ≈ $962.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to NÜRNBERGER Beteiligungs-AG'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 grown by 30.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €696.18 Million | 79.83% |
| Other Components | €175.87 Million | 20.17% |
| Total Equity | €872.05 Million | 100.00% |
NÜRNBERGER Beteiligungs-AG Competitors by Market Cap
The table below lists competitors of NÜRNBERGER Beteiligungs-AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pexa Group Ltd
AU:PXA
|
$1.38 Billion |
|
Thai Union Group PCL
BK:TU
|
$1.38 Billion |
|
Hangzhou DPtech Technologies Co Ltd
SHE:300768
|
$1.38 Billion |
|
Insperity Inc
NYSE:NSP
|
$1.38 Billion |
|
Banvida
SN:BANVIDA
|
$1.38 Billion |
|
Brim hf
IC:BRIM
|
$1.38 Billion |
|
Hanmi Science
KO:008930
|
$1.38 Billion |
|
Lonking Holdings Limited
F:C9IB
|
$1.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NÜRNBERGER Beteiligungs-AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 831,311,006 to 872,053,220, a change of 40,742,214 (4.9%).
- Net income of 44,391,176 contributed positively to equity growth.
- Dividend payments of 3,191,000 reduced retained earnings.
- Share repurchases of 107,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €44.39 Million | +5.09% |
| Dividends Paid | €3.19 Million | -0.37% |
| Share Repurchases | €107.00K | -0.01% |
| Other Changes | €-350.96K | -0.04% |
| Total Change | €- | 4.90% |
Book Value vs Market Value Analysis
This analysis compares NÜRNBERGER Beteiligungs-AG'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: 1.57x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.76x to 1.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €67.68 | €119.00 | x |
| 2018-12-31 | €70.23 | €119.00 | x |
| 2019-12-31 | €73.41 | €119.00 | x |
| 2020-12-31 | €77.37 | €119.00 | x |
| 2021-12-31 | €79.54 | €119.00 | x |
| 2022-12-31 | €82.36 | €119.00 | x |
| 2023-12-31 | €82.48 | €119.00 | x |
| 2024-12-31 | €72.16 | €119.00 | x |
| 2025-12-31 | €75.70 | €119.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NÜRNBERGER Beteiligungs-AG 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): 5.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.91%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 42.98x
- Recent ROE (5.09%) is below the historical average (6.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 8.84% | 1.17% | 0.23x | 33.24x | €-9.38 Million |
| 2014 | 12.46% | 1.80% | 0.21x | 33.48x | €21.45 Million |
| 2015 | 6.81% | 1.10% | 0.15x | 40.30x | €-22.17 Million |
| 2016 | 8.08% | 1.38% | 0.14x | 40.48x | €-13.80 Million |
| 2017 | 11.94% | 1.92% | 0.16x | 39.67x | €15.10 Million |
| 2018 | 7.27% | 1.92% | 0.10x | 37.91x | €-22.10 Million |
| 2019 | 7.98% | 1.19% | 0.17x | 38.87x | €-17.13 Million |
| 2020 | 8.68% | 1.83% | 0.13x | 37.72x | €-11.76 Million |
| 2021 | 6.88% | 1.06% | 0.17x | 39.14x | €-28.63 Million |
| 2022 | 7.29% | 2.69% | 0.08x | 35.47x | €-25.73 Million |
| 2023 | 4.39% | 0.83% | 0.14x | 36.83x | €-53.28 Million |
| 2024 | -9.45% | -1.46% | 0.15x | 44.08x | €-161.66 Million |
| 2025 | 5.09% | 0.91% | 0.13x | 42.98x | €-42.81 Million |
Industry Comparison
This section compares NÜRNBERGER Beteiligungs-AG's net assets metrics with peer companies in the Insurance - Diversified industry.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $29,588,135,498
- Average return on equity (ROE) among peers: 9.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NÜRNBERGER Beteiligungs-AG (NBG6) | €891.32 Million | 8.84% | 41.05x | $1.38 Billion |
| NN GROUP NV UNSP.ADR/1 (2NN0) | $21.12 Billion | 5.55% | 8.89x | $19.09 Billion |
| WATERDROP INC.ADS/10 CL.A (717) | $4.77 Billion | 12.75% | 0.24x | $358.94 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 |
| RheinLand Holding AG (RLV) | $228.79 Million | 2.69% | 7.78x | $115.20 Million |
About NÜRNBERGER Beteiligungs-AG
NÜRNBERGER Beteiligungs-AG operates as an insurance company in Germany. The company offers career and pension products, including occupational disability, dread disease, accident, and basic skills insurance; term life and funeral insurance; classic and unit-linked pension insurance, and company pension scheme; and disability, professional liability, and assistance insurance. It also provides heal… Read more