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    Finance

  3. •

    Life/Health insurance
Nuernberger Beteiligungs AG Class B

Nuernberger Beteiligungs AG Class B

123.00
EUR
-0.50
(-0.40%)
1.39BMarket Cap
Nuernberger Beteiligungs AG Class B
TG:NBG6
(Tradegate Exchange)

Recent

price

123.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
531.06
297.28
433.58
454.75
441.28
398.7
369.02
420.86
262.27
492
382.36
519.74
222.76
435.83
465.66
423.53
- -
Revenue per Share
3.05
6.87
7.12
6.22
9.43
4.1
5.04
8.08
5.1
5.85
6.72
5.47
6
3.62
-6.82
3.85
- -
Basic EPS, GAAP
0.08
47.94
82.75
65.82
77.02
26.88
29.22
14.15
-17.59
18.18
-9.42
6.31
-42.15
-12.56
10.12
-1.34
- -
Free Cash Flow per Basic Share
- -
2.5
2.9
2.9
3
3.14
3.14
3.2
3.15
3.16
3.35
3.32
3.32
3.52
3.57
0.28
- -
Dividend per Share
56.29
57.59
65.74
70.33
75.66
60.25
62.36
67.68
70.23
73.41
77.37
79.54
82.36
82.48
72.16
75.7
75.7
Book Value per Share
42.73
44.19
52.6
63.02
68.47
58.09
60.15
65.36
66.99
69.69
72.09
72.34
73.97
73.86
63.78
67.35
67.35
Tangible Book Value per Share
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
Basic Weighted Avg Shares
6,118
3,425
4,995
5,239
5,084
4,593
4,251
4,848
3,021
5,668
4,405
5,987
2,566
5,021
5,364
4,879
- -
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
6
3
1
- -
- -
1
1
- -
2
- -
- -
- -
- -
- -
Depreciation Expense
35
79
82
72
109
47
58
93
59
67
77
63
69
42
-79
44
- -
Net Income, GAAP
43.38
8.31
31.69
34.42
18.41
43.02
32.6
32.43
38.5
12.08
14.94
10.28
- -
34.85
246.37
70.78
- -
Effective Tax Rate (%)
0.57
2.31
1.64
1.37
2.14
1.03
1.37
1.92
1.95
1.19
1.76
1.05
2.69
0.83
-1.46
0.91
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
419
231
181
119
46
32
34
29
29
24
24
19
15
115
110
110
LT Debt
660
677
771
824
886
706
730
801
831
862
907
933
964
967
848
891
891
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
3.39
9.74
8.47
8.14
11.98
6.33
10.93
14.6
10.35
13.59
9.87
8
- -
4.14
-8.23
4.27
- -
Return on Capital (%)
5.5
12.06
11.54
9.14
12.92
6.03
8.22
12.43
7.4
8.15
8.91
6.97
7.41
4.4
-8.82
5.21
- -
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
115
114
110
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
548
592
1,394

Working Capital

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
658
759
670
Accounts Receivable, Net
372
393
407
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.52%
-0.13%
5.05%
Free Cash Flow
-192.17%
-259.87%
-113.29%
Net Income, GAAP
-41.73%
-98.63%
-156.53%
Sales/Revenue/Turnover
10.65%
14.45%
-9.05%
Total Cash Common Dividend
-7.9%
-17.14%
-92.25%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
5,021
2024
- -
- -
5,364
2025
- -
- -
4,879

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
3.62
2024
- -
- -
-6.82
2025
- -
- -
3.85

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
3.52
2024
- -
- -
3.57
2025
- -
- -
0.28
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Business
NÜRNBERGER Beteiligungs-AG serves as the parent holding company of the Nürnberger Insurance Group, a Germany-based provider of insurance and financial services focused on life, health, property/casualty, and banking segments. The company offers a broad portfolio of products including life insurance, occupational disability insurance, unit-linked pension plans, fund-linked pension products, comprehensive and supplementary health insurance, accident insurance, property and casualty coverage such as fire, theft, liability, and automobile policies, as well as banking services encompassing asset management, investment products, and financial planning; it primarily targets private individuals and families with an emphasis on prevention-oriented biometric and risk management solutions. Founded in 1884 and headquartered at Ostendstraße 100 in Nuremberg, Germany, the group operates mainly in Germany and Austria through subsidiaries like NÜRNBERGER Beamten Lebensversicherung AG and NÜRNBERGER AutoMobil Versicherungsdienst GmbH. In a major strategic development, Vienna Insurance Group AG (VIG) announced in August 2025 its intent to acquire a controlling majority stake in NÜRNBERGER through an exclusive due diligence process, followed by a voluntary public purchase offer of EUR 120 per share in October 2025, supported by irrevocable tender commitments from major shareholders representing about 64.4% of the share capital including Münchener Rückversicherungs-Gesellschaft and Versicherungskammer Bayern; this transaction, valued at approximately EUR 1.4 billion, aims to accelerate NÜRNBERGER's transformation into a prevention insurer while preserving its brand and operations under VIG's multi-brand strategy.