Nurnberger 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.€833.2m
Last close€72.50
High / Low (52 weeks)€74.0 / €61.0
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A

Price performance

Relative *

* % Relative to local index

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Company news

Investment summary

Nurnberger's results this year are riding out the challenging environment; net income rose 63% to €42m and guidance for the full year was upped from €40m to €60m. Against this, the dominant life insurance business faces limited medium-term visibility. At 1.02x conservative HGB book value per share and a dividend yield of 4.6%, the rating is undemanding.

Last updated on 23/10/2017

Key management

Uwe Carr, Investor Relations

Company address

Ostendstraße 100
0049 911 5310
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