NN Group NV (WBO:NN) Scaled Net Operating Assets : -0.38 (As of Jun. 2024)

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What is NN Group NV Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

NN Group NV's operating assets for the quarter that ended in Jun. 2024 was €92,712 Mil. NN Group NV's operating liabilities for the quarter that ended in Jun. 2024 was €171,776 Mil. NN Group NV's Total Assets for the quarter that ended in Dec. 2023 was €208,941 Mil. Therefore, NN Group NV's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was -0.38.

NN Group NV Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

NN Group NV's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(200734	-	173722)	/	207024
=	0.13

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	208941	-	8207
=	200734

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	187822	-	14100	-	0
=	173722

NN Group NV's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2024 )
=	(Operating Assets (Q: Jun. 2024 )	-	Operating Liabilities (Q: Jun. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(92712	-	171776)	/	208941
=	-0.38

where

	Operating Assets		(Q: Jun. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	205200	-	112488
=	92712

	Operating Liabilities		(Q: Jun. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	183990	-	12214	-	0
=	171776

* 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 Business Description

Industry

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Traded in Other Exchanges

NNGRY:USA NNGPF:USA NN:Netherlands NNa:UK 0QVV:UK 2NN:Germany

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.