NN Group is a Dutch life insurer and pension provider with leading positions in the Netherlands, Belgium, and Central/Eastern Europe. Higher rates have re-rated insurance economics, and the Solvency II ratio remains strong, supporting consistent capital return (>EUR1.5bn annual). The Dutch pension reform (transition from defined benefit to defined contribution) drives multi-year fee opportunity. Capital generation visibility is high with a clear medium-term remittance target.
Thesis reviewed May 29, 2026
NN Group NV is headquartered in Netherlands, which is currently showing moderate signals.
π³π±Netherlands68NEUTRALView Netherlands risk detail βπ¦Financials100NEUTRAL| Ticker | Company | Score | Gap | Signal Ξ | Action |
|---|---|---|---|---|---|
| GGAL | Grupo Financiero Galicia S.A. | 90 | +13% | β54% | ENTRY |
| MELI | MercadoLibre | 90 | -14% | β54% | AVOID |
| BBAR | BBVA Banco BBVA Argentina SA | 90 | +21% | β54% | ENTRY |
| BBD | Banco Bradesco S.A. (preferred ADR) | 90 | +5% | β54% | NEUTRAL |
| VIV | Telefonica Brasil (Vivo) | 90 | +8% | β54% | ENTRY |
| UBS | UBS Group AG | 90 | +17% | β54% | ENTRY |
| CIB | Bancolombia S.A. | 90 | +9% | β54% | NEUTRAL |
Investors who hold NNGRY may also have indirect exposure through these country funds.
NN Group raises 2026 capital generation guidance on higher rates
Dutch pension reform transition unlocks fee opportunity for incumbents
Estimates Β· Yahoo Finance Β· Not audited figures