Nuernberger Beteiligungs Ag Class B · XETR:NBG6
Nuernberger Beteiligungs Ag Class B — NÜRNBERGER Beteiligungs-AG — Baader Investment Conference 2023
27 slides from Nuernberger Beteiligungs Ag Class B's conference presentation, Sep 18, 2023
Slide 1: Baader Investment Conference 2023
Baader Investment Conference 2023 18 September 2023
Slide 2: Agenda
Agenda. 1. Overview 2. Financials 2022 3. Outlook 4. Appendix 18.09.2023 Baader Investment Conference 2
Slide 3: Why invest in NÜRNBERGER?
Why invest in NÜRNBERGER? Strong capital position Independent insurance and financial services group • Certified by nationally and internationally • Focus on core market Germany recognized rating agencies • Not dependent on international corporations • Above market-average solvency ratio in life • A
Slide 4: Group structure NÜRNBERGER Versicherung
Group structure NÜRNBERGER Versicherung. NÜRNBERGER Group Property & Casualty Asset Management/ Life Insurance Health Insurance Distribution/Others Insurance Banking Services NÜRNBERGER NÜRNBERGER NÜRNBERGER AutoMobil NÜRNBERGER NÜRNBERGER Allgemeine Krankenversicherung AG Asset Management Versicher
Slide 5: NÜRNBERGER is well positioned for the future with its business segments
NÜRNBERGER is well positioned for the future with its business segments. Segments Life Health Property and Casualty Banking services Awards Income protection Supplementary Health Insurance Motor Insurance Asset Management Business lines Conventional Life Long-term Care Insurance Liability Insurance
Slide 6: The current Management Board of NÜRNBERGER Beteiligungs-AG has existed since 28 April 2023
The current Management Board of NÜRNBERGER Beteiligungs-AG has existed since 28 April 2023. NÜRNBERGER Beteiligungs-AG Harald Rosenberger Katja Briones-Schulz Peter Meier Wolfram Politt (CEO) • Life Insurance • Property and Casualty Insurance • Customer Relationship • Corporate Development • Health
Slide 7: Unique NÜRNBERGER sales channel mix ensures competitive advantages
Unique NÜRNBERGER sales channel mix ensures competitive advantages and maintenance of the customer interface. Gross premiums written 2022 NÜRNBERGER distribution channels as USP in the insurance market 0.4% Brokers/multiple agencies A unique mix of sales channels with car dealership and family prote
Slide 8: NÜRNBERGER has been offering a reliable and attractive dividend for decades
NÜRNBERGER has been offering a reliable and attractive dividend for decades. Total dividend pay-out in EUR million. EUR per share 40.3 38.0 38.0 38.0 34.6 34.6 34.6 34.6 34.6 34.6 33.4 33.4 3.50 28.8 3.30 3.30 3.30 26.5 3.00 3.00 3.00 3.00 3.00 3.00 24.2 2.90 2.90 19.6 2.50 17.3 2.30 2.10 13.8 11.5
Slide 9: Even in times of crisis, NÜRNBERGER is characterized by a stable price performance
Even in times of crisis, NÜRNBERGER is characterized by a stable price performance. 140% 130% 120% 110% 100% 90% 80% 70% 60% 31.12.19 30.06.20 31.12.20 30.06.21 31.12.21 30.06.22 31.12.22 30.06.23 NÜRNBERGER Performance DAX Insurance-Index 18.09.2023 Baader Investment Conference 9
Slide 10: Long-standing and stable group of shareholders
Long-standing and stable group of shareholders. Banks/ Investment companies Retail/Institutional investors/Distribution partners 5% 29 % Primary insurance companies Free-Float: 24 % 34 % 32 % Reinsurance companies 18.09.2023 Baader Investment Conference 10
Slide 11: Agenda
Agenda. 1. Overview 2. Financials 2022 3. Outlook 4. Appendix 18.09.2023 Baader Investment Conference 11
Slide 12: In 2022, numerous challenges were successfully weathered
In 2022, numerous challenges were successfully weathered. 3.5 bill. 332.6 mill. 185.6 mill. +0.5 %* +12.5 %* +26.0 %* Gross premiums written New and additional New and additional premiums Group** premiums Life** 69.8 mill. 32.1 bill. A+ +8,6 % -3.2 %* Outlook Stable Consolidated net Investments Fitc
Slide 13: Our shareholders also participated in the success of the past financial year
Our shareholders also participated in the success of the past financial year. Dividend per share Earnings per share Dividend yield 3.50 6.00 4.7 EUR EUR % increasing or constant since the between 4.2% and 5.3% over holding company was founded the last 10 years (1989) 2021 3.30 2021 5.47 2021 4.2 202
Slide 14: New business and premiums written continued to grow positively
New business and premiums written continued to grow positively. New and additional premiums Premiums written* EUR million** EUR million** CAGR CAGR +3.7 % +1.2 % 608.5 638.4 621.7 3,541.7 538.4 574.3 3,371.5 3,407.0 3,481.3 3,524.1 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2022: • Encouragin
Slide 15: Consolidated net income increased significantly compared to the previous year
Consolidated net income increased significantly compared to the previous year. Consolidated net income Special effects EUR million • 2020 – Considerable claims expenses due to the corona pandemic; Proceeds from the sale of subsidiaries • 2021 – Negative segment result P&C due to natural 78.5 disaste
Slide 16: Life segment – continuously increasing profitability in biometric risk products
Life segment – continuously increasing profitability in biometric risk products. Distribution of regular premiums written Risk result NLV Business mix*** (regular premiums) NLV life segment Conv. EUR million in % Endowments 100,0 314.6 316.3 8% 264.7 80,0 38 % Biometric 60,0 Products 95 96 96 98 Uni
Slide 17: Health segment – strong position in profitable business areas
Health segment – strong position in profitable business areas. Distribution of regular premiums written Gross premiums written Premiums by sales distribution channel EUR million Supplementary health insurance 270.2 Tied agents 28% 26% 261.2 Independent 252.8 brokers 60% 11% Car dealers 72% Comprehen
Slide 18: P&C segment – Continuation of the growth course, inflation-related impairment of profitability
P&C segment – Continuation of the growth course, inflation-related impairment of profitability. Distribution of regular premiums written Combined ratio (CR)* Premiums by sales distribution channel Legal expense Special sales channel Direct: 0.2 % “Family Protection“ % 10 % 107.1 10 % Motor 26 % Car
Slide 19: Agenda
Agenda. 1. Overview 2. Financials 2022 3. Outlook 4. Appendix 18.09.2023 Baader Investment Conference 19
Slide 20: For the 2023 financial year, we expect a short-term decline in earnings
For the 2023 financial year, we expect a short-term decline in earnings. New premiums: Significant decline Life Gross premiums written: Slight reduction New premiums: Significant increase P&C Gross premiums written: Significant growth New premiums: Significant increase Health Gross premiums written:
Slide 21: Stay in touch with us
Stay in touch with us. Investor Relations Tel.: +49 911 531-1425 Investor-Relations@nuernberger.de 22 September 2023 Half-year report 18.09.2023 Baader Investment Conference 21
Slide 22: Agenda
Agenda. 1. Overview 2. Financials 2022 3. Outlook 4. Appendix 18.09.2023 Baader Investment Conference 22
Slide 23: NÜRNBERGER at a glance – key figures
NÜRNBERGER at a glance – key figures. 2018 2019 2020 2021 2022 Gross premiums written EUR mill. 3,478 3,515 3,593 3,634 3,542 - thereof Life EUR mill. 2,475 2,478 2,502 2,501 2,355 - thereof Health EUR mill. 220 228 253 261 270 - thereof P&C EUR mill. 785 809 838 873 917 Investments EUR mill. 29,499
Slide 24: Asset Allocation NÜRNBERGER Lebensversicherung AG
Asset Allocation NÜRNBERGER Lebensversicherung AG. Share of the overall portfolio in % 3,5 1,0 3.7 7,0 9,9 9.8 5,4 7,4 Other investments 6,6 10.6 10,2 Shares 13.5 22,8 20,9 Private Equity/Infrastructure 19.8 Real Estate Corporate Bonds 54,7 50,6 Government bonds/ 42.6 bonds/mortgage 31.12.2022 18.09
Slide 25: NÜRNBERGER share offers you …
NÜRNBERGER share offers you … … the opportunity to invest in a successful and … and above all: independent German insurance company. an attractive dividend that has been stable since the holding company was founded more than 30 years ago. … the security of a profitable, diversified and sustainable b
Slide 26: 18.09.2023 Baader Investment Conference
18.09.2023 Baader Investment Conference 26
Slide 27: Disclaimer
Disclaimer. This presentation was created by NÜRNBERGER Beteiligungs-AG, the holding company of NÜRNBERGER Versicherung, for informational purposes only as part of the Baader Investment Conference 2023. It does not constitute an offer, investment advice, an investment recommendation or an invitation
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