NN Group ( AMS:NN ) Full Year 2022 Results Key Financial Results Revenue: €15.2b (down 20% from FY 2021). Net income...
Dutch insurer NN Group reported on Thursday a higher than expected solvency ratio and gave an upbeat assessment of sales trends, offsetting a decline in its 2022 operating profit. The insurer also announced a rise in its annual dividend and a new share buyback programme of 250 million euros ($267.43 million) and said it planned to reappoint David Knibbe as CEO for another four-year term. NN's solvency ratio - the extra capital an insurer must hold over and above the claim amounts it is likely to incur - rose to 197% by the end of December from 196% in June 2022, above a 192% consensus forecast provided by the company.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.