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NN Group NV (LTS:0QVV) Claims Ratio % : 0.00% (As of . 20)


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What is NN Group NV Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

The historical rank and industry rank for NN Group NV's Claims Ratio % or its related term are showing as below:

LTS:0QVV's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

NN Group NV Claims Ratio % Historical Data

The historical data trend for NN Group NV's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NN Group NV Claims Ratio % Chart


NN Group NV  (LTS:0QVV) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %=Total Claims / Total Premiums Earned * 100%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NN Group NV  (LTS:0QVV) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

NN Group NV Claims Ratio % Related Terms

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NN Group NV (LTS:0QVV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NN Group NV (LTS:0QVV) » Definitions » Claims Ratio %
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Traded in Other Exchanges
NNGRY:USA NNGPF:USA NN:Netherlands NNa:UK 2NN:Germany NN:Austria
Address
Schenkkade 65, The Hague, ZH, NLD, 2595 AS
Website
https://www.nn-group.com
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.

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