NN Group NV

F:2NN

Business Description

Sector

Financials

Industry

Insurance

Headquarters

Netherlands NL

Employees

14 791

IPO date

Jul 2, 2014

NN Group is a Dutch financial company that makes money mainly by selling insurance and managing retirement and investment products. Its core business is life insurance, pensions, and property and casualty insurance, along with asset management services for institutions and individual savers. It serves households, employers, pension funds, and other long-term savers, mostly in the Netherlands and other selected European markets.

The company earns money in two main ways: it collects insurance premiums and invests part of that money, and it charges fees for managing assets. On the insurance side, NN Group takes on long-term risks such as death, disability, retirement, and damage claims. On the asset management side, it invests money on behalf of clients and earns fees for handling those portfolios.

What makes NN Group’s business model different is that it sits between everyday savers and the long-term risks they want to protect against. It is not a bank that mainly lends money, and it is not an insurer focused only on short-term policies. Instead, it combines insurance and retirement products with asset management, which gives it a role in both protecting customers and helping them build financial security over time.