GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NN Group NV (OTCPK:NNGRY) » Definitions » Other Long Term Assets

NN Group NV (NN Group NV) Other Long Term Assets


View and export this data going back to 2016. Start your Free Trial

Other Long-Term Assets does not apply to banks and insurance companies.


NN Group NV (NN Group NV) Business Description

Address
Schenkkade 65, The Hague, ZH, NLD, 2595 AS
Nationale Nederlanden Group is a European insurance company that primarily sells long-term savings in the Netherlands. The business is made up of four divisions: Netherlands life; Netherlands nonlife; insurance Europe; and Japan life. The Netherlands life business is the biggest division of the company and tends to generate around three quarters of operating income. That business sells traditional spread-based long-term savings and the new style-defined contribution savings products. Since 2022, assets that are managed to support the traditional savings products and in-house part of defined contribution products are managed by Goldman Sachs. Since around 2013, NN has managed its individual life insurance business as being closed to new business.