NN Group Full Year 2024 Earnings: EPS Misses Expectations

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editorial-team@simplywallst.com (Simply Wall St)

Mon, Feb 24, 2025, 1:22 AM 1 min read

NN Group (AMS:NN) Full Year 2024 Results

Key Financial Results

Revenue: €6.90b (down 33% from FY 2023).
Net income: €1.52b (up 35% from FY 2023).
Profit margin: 22% (up from 11% in FY 2023). The increase in margin was driven by lower expenses.
EPS: €5.58 (up from €4.04 in FY 2023).

NN Profitability Indicators

Combined ratio: 93.1% (up from 92.6% in FY 2023).

revenue-and-expenses-breakdown — ENXTAM:NN Revenue and Expenses Breakdown February 24th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

NN Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%.

The primary driver behind last 12 months revenue was the Netherlands Non-Life segment contributing a total revenue of €3.84b (56% of total revenue). The most substantial expense, totaling €1.15b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how NN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Insurance industry in Europe.

Performance of the market in the Netherlands.

The company's shares are up 3.1% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with NN Group.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.