Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Nürnberger Beteiligungs-AG is the holding company of the NÜRNBERGER Versicherung group, an independent insurance and financial services provider primarily focused on the German-speaking market with collaborations across Europe. Established in 1884 and headquartered in Nuremberg, Germany, it oversees operations in life insurance, health insurance, property and casualty insurance, accident insurance, and supplementary banking services such as real estate management and capital investments. Key subsidiaries include Nürnberger Lebensversicherung AG, Nürnberger Allgemeine Versicherungs-AG, Nürnberger Krankenversicherung AG, and Nürnberger Beamten Lebensversicherung AG, serving private individuals, small and large businesses through an extensive network of exclusive agents, brokers, and financial enterprises. Renowned as one of Germany's top five unit-linked life insurance providers and top three in disability coverage, the company employs around 4,100 people and manages substantial assets exceeding 36 billion euros as of 2024. Recently, it entered a merger agreement with Vienna Insurance Group, securing over 90% of shares and pursuing delisting to enhance strategic positioning within the larger group. This structure underscores its pivotal role in the European insurance sector, emphasizing stability and specialized risk protection.
Revenue declined 9.0% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 113% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -€15M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€4.88B
▼ -9.0% YoY
Net Income (TTM)
€47M
▲ +160.8% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
-€15M
▼ -113.3% YoY
Op. Cash Flow (TTM)
-€13M
▼ -111.1% YoY
Net Debt
-€559M
Net Cash Position
Cash & Equiv.
€670M
3Y CAGR: +23.9%
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