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.€740.5m
Last close€64.28
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(0.6)3.715.2
Relative *2.48.20.3

* % Relative to local index

Other companies in sector Show

ÖKOWORLD 3i Group
Abbey Protection Aberdeen Asset Management
Admiral Group AFH Financial Group
Ai Claims Solutions Alpha Strategic
Amlin APQ Global
Arbuthnot Banking Group Arden Partners
Ashmore Group Atlantis Japan Growth Fund
Aviva plc Banca IFIS
Banca Sistema BB Healthcare Trust
Beazley Brewin Dolphin
Brightside Group Catlin Group
Cenkos Securities ChimpChange
Circle Holdings City of London Group
Collins Stewart Corestate Capital Holding
Covercy Curtis Banks
DeA Capital Deutsche Börse
Deutsche Grundstücksauktionen DF Deutsche Forfait
Empiric Student Property Ernst Russ
Experian Fairpoint Group
FBD Holdings Ferratum Oyj
Finlab Gable Holdings
Gartmore Group German Startups Group
GLI Finance Grand City Properties
Hardy Underwriting Hargreaves Lansdown
Heartland New Zealand Helphire
Henderson Group Hiscox
HSBC Holdings ICAP
IFG Group IG Group
Impax Asset Management International Personal Finance
Is Yatirim Menkul Degerler JDC Group
John Laing Group Jupiter Fund Management
Lancashire Holdings Liontrust Asset Management
Lloyd Fonds London Stock Exchange Group
MAN Group Market Tech Holdings
Mattioli Woods MCB Finance Group
mic Moneysupermarket.com
MPC Capital MyBucks
NEOVIA Financial Noratis
Novae Group Numis Corporation
Oakley Capital Investments Limited Ocean Capital
Oekoworld Omega Insurance Holdings
OTC Markets Group Panmure Gordon
Park Group Picton Property Income
Powerhouse Ventures Prudential
publity Quayle Munro Holdings
Randall & Quilter Investment Holdings RCM Beteiligungs
Record Rensburg Sheppards
RSM Tenon S&U
Sanlam Securities UK Scherzer & Co
Schroders Secure Trust Bank
Share Shore Capital Group
St. James's Place Syndicate Asset Management
Tawa The Dolphin Square Charitable Foundation
Tungsten Corporation Warsaw Stock Exchange
WH Ireland WorldSpreads Group

Latest research

AKTUELLE VERÖFFENTLICHUNGEN

Nürnberger Beteiligungs

Bewertung mit Abschlag, Umstrukturierungspotenzial

12/05/2017

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