Nürnberger Beteiligungs (NBG6)

Business description

Nürnberger Beteiligungs-AG (NBG) is the parent company of a group of insurers and financial service companies. It is one of Germany’s oldest life insurers, and currently has 5.7m contracts, €3.3bn in gross premium income and €27.6bn in AUM. In 2016, NBG sharpened its image to be seen as a “clear, easy and solid” insurer.

Stock data

Market cap.€730.3m
Last close€63.39
High / Low (52 weeks)€71.0 / €54.9
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(7.9)0.64.8
Relative *(12.1)(4.3)(17.7)

* % Relative to local index

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Latest research

Investment summary

Nürnberger Beteiligungs-AG (NBG) is now in its 134th year of operation and is one of Germany’s oldest and most recognised insurers, with gross premium income of €3.3bn. While its market share of the life sector is small (c 3%), in disability it ranks among the top providers, with a market share of 9.2% in 2016. Aided by a refocusing strategy, NBG reported profits of €58m in 2016 (2015: €47m). It is also a solid dividend payer, paying €3.00/share for the fourth consecutive year. Expected future restructuring measures suggest potential for further efficiency and market share gains.

Last updated on 12/05/2017

Key management

Uwe Carr, Investor Relations

Company address

Ostendstraße 100
Nürnberg
90334
Germany
0049 911 5310
View website