NN Group NV

NN: XAMS (NLD)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Nationale Nederlanden Earnings: Delivers a Beat in Nearly All Divisions; Shares Fairly Valued

Henry Heathfield

Feb 12, 2026

Nationale Nederlanden has delivered a beat versus our forecasts in nearly all divisions, as the changing landscape of the Dutch pension market starts to take shape and the business makes inroads with its strategic investments.

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NN Group NV

Nationale Nederlanden Earnings: Delivers a Beat in Nearly All Divisions; Shares Fairly Valued

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