Business Segments NN Group N.V.

Equities

NN

NL0010773842

Life & Health Insurance

Market Closed - Euronext Amsterdam Other stock markets 16:55:00 12/05/2026 BST			After hours 17:14:10
74.88 ^EUR	-1.73%		74.91	+0.04%

02-18	Dutch insurer ASR beats 2025 forecasts, signals potential M&A spending	RE
02-18	AlphaValue/Baader Europe Lifts NN Group Estimates After 'Strong' FY25 Results	MT

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Net Income: Breakdown by Business Segment

Breakdown by Business Segment (EUR)

Fiscal Period: December	2021	2022	2023	2024	2025
Life Insurance
Netherlands Life	8.46B	6.1B	9.86B	10.39B	7.75B
Total Assets	159B	134B	130B	133B	128B
Interest Expense	-222M	-291M	-372M	-391M	-326M
Income Tax Expense	431M	-26M	166M	83M	115M
EBT	2.92B	115M	823M	783M	734M
Operating Income	986M	999M	1.39B	1.37B	1.79B
Net Income	2.49B	141M	657M	700M	619M
Insurance Europe	3.79B	3.87B	3.32B	3.5B	3.85B
Total Assets	30.84B	27.04B	26.96B	27.72B	29B
Interest Expense	-21M	-13M	-19M	-21M	-19M
Income Tax Expense	80M	55M	38M	134M	118M
EBT	396M	201M	196M	604M	549M
Operating Income	315M	309M	468M	559M	639M
Net Income	316M	146M	158M	470M	431M
Japan Life	3.59B	3.2B	697M	670M	656M
Total Assets	21.53B	19.18B	15.56B	13.78B	10.67B
Interest Expense	-4M	-3M	-1M	-11M	-11M
Income Tax Expense	74M	53M	32M	40M	28M
EBT	262M	190M	129M	153M	123M
Operating Income	263M	218M	197M	203M	170M
Net Income	188M	137M	97M	114M	96M
Other	20M	-3M	154M	158M	136M
Total Assets	53.02B	33.05B	32.66B	31.91B	30.23B
Interest Expense	42M	27M	46M	50M	25M
Income Tax Expense	-11M	-71M	-30M	-67M	-47M
EBT	-184M	-258M	-152M	-180M	-359M
Operating Income	-157M	-172M	-117M	-108M	-105M
Net Income	-45M	902M	-121M	-113M	-311M
Japan Closed Block VA	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
EBT	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-
Casualty
Netherlands Non-Life	4.01B	3.92B	4.02B	4.21B	4.39B
Total Assets	10.01B	9.74B	8.67B	8.78B	8.91B
Interest Expense	-19M	-29M	-36M	-39M	-31M
Income Tax Expense	71M	47M	91M	99M	69M
EBT	336M	209M	340M	397M	347M
Operating Income	314M	255M	364M	364M	393M
Net Income	250M	158M	235M	279M	269M
Diversified Commercial Banks
Banking	613M	609M	1.07B	1.29B	1.18B
Total Assets	24.19B	23.97B	25.02B	25.33B	25.64B
Interest Expense	-298M	-303M	-651M	-897M	-838M
Income Tax Expense	25M	27M	51M	46M	29M
EBT	106M	105M	196M	179M	113M
Operating Income	134M	97M	226M	189M	117M
Net Income	82M	78M	146M	133M	84M
Other and Eliminations	-	-	-	-	-
Interest Expense	-	-	-	-	-
Total Assets	-46.58B	-29.9B	-30.36B	-29.68B	-27.25B
Investment Funds
Asset Management	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
EBT	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-

Geographical Revenue Distribution History

Geographical breakdown of sales (EUR)

Fiscal Period: December	2021	2022	2023	2024	2025
The Netherlands	13.64B	10.19B	15.13B	15.99B	13.45B
Total Assets	196B	168B	165B	167B	-
Income Tax Expense	459M	-95M	295M	153M	-
EBT	2.88B	8M	1.28B	1.16B	828M
Poland	485M	583M	770M	655M	941M
Total Assets	2.23B	3.2B	3.46B	3.48B	-
Income Tax Expense	16M	16M	33M	24M	-
EBT	66M	58M	150M	152M	172M
Japan	3.55B	3.16B	914M	840M	821M
Total Assets	21.64B	18.44B	14.68B	13.03B	-
Income Tax Expense	71M	90M	30M	36M	-
EBT	253M	317M	116M	131M	111M
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
EBT	-	-1M	-	-	-
Greece	579M	765M	601M	639M	819M
Total Assets	2.39B	4.16B	4.29B	4.63B	-
Income Tax Expense	10M	7M	3M	21M	-
EBT	23M	23M	20M	86M	84M
Belgium	1.09B	998M	688M	758M	728M
Total Assets	16.13B	11.28B	10.4B	10.47B	-
Income Tax Expense	21M	17M	-18M	34M	-
EBT	106M	70M	-83M	126M	12M
Spain	748M	704M	562M	669M	595M
Total Assets	5.17B	4.79B	4.52B	4.58B	-
Income Tax Expense	13M	4M	2M	19M	-
EBT	53M	22M	16M	88M	98M
Romania	257M	249M	265M	253M	380M
Total Assets	1.11B	989M	1.08B	1.12B	-
Income Tax Expense	8M	6M	7M	8M	-
EBT	49M	34M	40M	43M	63M
Czech Republic	226M	219M	250M	233M	286M
Total Assets	1.48B	1.33B	1.3B	1.3B	-
Income Tax Expense	6M	3M	1M	7M	-
EBT	27M	12M	25M	29M	32M
Slovak Republic	186M	164M	177M	208M	205M
Total Assets	859M	749M	786M	829M	-
Income Tax Expense	8M	3M	9M	14M	-
EBT	34M	12M	36M	48M	57M
Hungary	298M	253M	205M	302M	178M
Total Assets	1.39B	1.15B	1.31B	1.38B	-
Income Tax Expense	3M	3M	2M	5M	-
EBT	9M	4M	8M	15M	20M
Italy	13M	3M	4M	12M	14M
Total Assets	278M	266M	268M	265M	-
Income Tax Expense	-8M	-1M	-	4M	-
EBT	13M	3M	4M	12M	14M
France	129M	21M	-48M	27M	11M
Total Assets	1.26B	1.12B	831M	808M	-
Income Tax Expense	29M	31M	-7M	1M	-
EBT	119M	13M	-54M	20M	8M
Denmark	45M	15M	-15M	20M	6M
Total Assets	196M	215M	195M	234M	-
Income Tax Expense	7M	3M	-4M	4M	-
EBT	43M	13M	-16M	18M	5M
Germany	102M	-1M	-22M	11M	4M
Total Assets	392M	541M	595M	696M	-
Income Tax Expense	20M	-3M	-5M	4M	-
EBT	131M	-2M	-22M	8M	4M
United Kingdom	31M	-9M	-	4M	1M
Total Assets	595M	606M	51M	46M	-
Income Tax Expense	1M	2M	-	-	-
EBT	33M	-19M	8M	-	2M
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
EBT	-	-	-	-	-
Mexico	-	1M	1M	1M	-
Total Assets	4M	5M	14M	9M	-
Income Tax Expense	-	-	2M	-	-
EBT	-1M	-	7M	4M	-1M
Income Tax Expense	4M	-	-	-	-
Total Assets	-	-	-	-	-
EBT	-	-	-	-	-
Argentina	-	1M	-	-	-
Total Assets	1M	1M	-	-	-
Singapore	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
EBT	-	-	-	-	-
Switzerland	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
EBT	-	-	-	-	-
Luxembourg	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
EBT	-	-	-	-	-
Bulgaria	16M	-	-	-	-
Total Assets	-	-	-	-	-
EBT	3M	-	-	-	-
Turkey	32M	19M	27M	28M	-
Total Assets	43M	40M	42M	47M	-
Income Tax Expense	1M	-1M	-2M	-	-
EBT	-4M	-5M	-	-	-
Other	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
EBT	-	-	-	-	-