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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.€787.3m
Last close€68.50
High / Low (52 weeks)€74.0 / €63.2
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(0.7)(4.9)6.2
Relative *(0.8)(5.8)4.2

* % Relative to local index

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Company news

Investment summary

The turnaround in business levels in life insurance after the weak first half improves visibility, although the overall environment remains challenging. Strong 2017 profits mean the price to NAV ratio is barely changed at an undemanding 1.03x despite some gain in the share price. A highly tenable 4.2% dividend yield offers further attraction.

Last updated on 27/03/2018

Key management

Uwe Carr, Investor Relations

Company address

Ostendstraße 100
Nürnberg
90334
Germany
0049 911 5310
View website