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NN Group NV (LTS:0QVV) Policy Acquisition Expense : €-620 Mil (As of Jun. 2024)


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What is NN Group NV Policy Acquisition Expense?

Policy acquisition expense is the expenses incurred by insurance companies in activities such as marketing, advertising, commissions etc. NN Group NV's policy acquisition expense for the six months ended in Jun. 2024 was €-318 Mil. Its policy acquisition expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-620 Mil.

NN Group NV Policy Acquisition Expense Historical Data

The historical data trend for NN Group NV's Policy Acquisition Expense 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.

* Premium members only.

NN Group NV Policy Acquisition Expense Chart

NN Group NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Policy Acquisition Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1,176.00 1,183.00 -598.00 -596.00

NN Group NV Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Policy Acquisition Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -287.00 -311.00 -294.00 -302.00 -318.00

NN Group NV Policy Acquisition Expense Calculation

Expenses incurred by insurance companies in activities such as marketing, advertising, commissions etc.

Policy Acquisition Expense for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-620 Mil.

* 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 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NN Group NV (LTS:0QVV) » Definitions » Policy Acquisition Expense
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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 and tends to generate around three quarters of operating income. That business sells traditional spread-based long-term savings and more modern 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 closed to new business.

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