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NN Group NV (NN Group NV) Inventories, Raw Materials & Components


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NN Group NV (NN Group NV) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NN Group NV (OTCPK:NNGPF) » Definitions » Inventories, Raw Materials & Components
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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.