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Holding company for the Nurnberger insurance group, which sells life, health and property/casualty insurance in Germany.
Holding company for the Nurnberger insurance group, which sells life, health and property/casualty insurance in Germany.
In one line: A German regional insurer holding company.
Moat: narrow (brand, distribution, regulatory licence). Established German insurance brand and broker network, but competes in a mature, low-growth domestic insurance market.
Headquarters: Nuremberg, Germany · Founded: 1884 · Employees: 5,722
Size Nuernberger Beteiligungs (NBG6.DE) is a Germany Financials company (Life/Health Insurance) with a market value of $1.58B, the 122nd largest of 205 Germany companies the cockpit tracks. Shares closed at €122.50 on 6 Nov 2026.
Performance Over six months the shares gained 1.2%, against -5.8% for the median peer and +2.6% for the Germany market (cap-weighted) — 8th highest of 17 in its peer set.
Growth Revenue fell 0.9% over the last twelve months (peer median +17.8%); the operating margin is 5.9% (peer median 4.0%).
Valuation It trades at 1.58× book value against a peer median of 1.11× (8th most expensive of 17).
Price implies The share price implies a return on equity of about 6.0%; Nuernberger Beteiligungs delivers 5.1%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €4.24B | €4.26B | €4.37B | €4.22B | €4.03B |
| Revenue growth | — | -3% | +4% | +5% | — |
| Net income | €45.0M | €44.4M | -€78.5M | €41.7M | €69.1M |
| Free cash flow | €200M | -€1.23M | €132M | -€122M | -€460M |
| Capital expenditure | €13.0M | €16.5M | €21.0M | €27.9M | €37.6M |
| Total debt | n/a | €110M | €115M | €15.3M | €19.1M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Nuernberger Beteiligungs NBG6.DE | $1.58B | +1% | -1% | 5% | 1.58× | 6.0% |
| Allianz ALV.DE | $192B | +19% | +21% | 21% | 2.98× | 16.0% |
| Munchener Ruckversicherungs-Gesellschaft MUV2.DE | $80.3B | +22% | 0% | 21% | 2.13× | 9.0% |
| Wuestenrot & Wuerttembergische WUW.DE | $1.39B | -6% | +4% | 3% | 0.25× | 3.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NBG6.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.6% | -1.3% | 8th lowest of 17 |
| 6-month return | +1.2% | -5.8% | 8th highest of 17 |
| Return on equity | 5.1% | 7.4% | 5th lowest of 17 |
| Price / book | 1.58× | 1.11× | 8th most expensive of 17 |
| Trailing P/E | 31.4× | 15.9× | 5th most expensive of 16 |
| ROE the price implies | 6.0% | 7.4% | 6th least demanding of 17 |
| ROE delivered | 5.1% | 7.4% | 5th lowest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Nuernberger Beteiligungs NBG6.DE | Germany | $1.58B | +1% | -1% | 5% | 1.58× | 6.0% | 5.1% |
| Niva Bupa Health Insurance NIVABUPA.NS | India | $1.49B | -5% | +58% | 14% | 3.66× | 33.1% | 13.9% |
| Mirae Asset Life Insurance 085620.KS | South Korea | $1.78B | +17% | +22% | 5% | 1.05× | 5.6% | 5.2% |
| Canara HSBC Life Insurance CANHLIFE.NS | India | $1.23B | -14% | +17% | 8% | 7.08× | 48.0% | 8.2% |
| Hanwha Life 088350.KS | South Korea | $2.16B | -20% | +18% | 8% | 0.22× | 3.8% | 7.7% |
| Brighthouse Financial BHF | United States | $2.45B | -31% | +3% | 14% | 0.37× | 5.2% | 13.6% |
| Yunfeng Financial 0376.HK | Hong Kong | $999M | -30% | +21% | 7% | 0.60× | 7.8% | 6.7% |
| Clover Health Investments CLOV | United States | $2.56B | +54% | +54% | -5% | 6.32× | 94.7% | -5.1% |
| Privia Health PRVA | United States | $3.12B | +6% | +24% | 4% | 3.94× | 25.4% | 3.8% |
| COFCO Capital 002423.SZ | China | $3.15B | -11% | -31% | 6% | 0.85× | 6.2% | 5.6% |
| Star Health & Allied Insurance STARHEALTH.NS | India | $3.52B | +9% | +21% | 12% | 3.19× | 47.7% | 11.7% |
| Lifenet Insurance 7157.T | Japan | $710M | -28% | +12% | 8% | 1.18× | 7.0% | 7.9% |
| Farglory Life Insurance 5859.TWO | Taiwan | $625M | -7% | -48% | 7% | 0.23× | 1.7% | 7.1% |
| Mercuries & Associates 2905.TW | Taiwan | $561M | +30% | -6% | 5% | 0.22× | 1.8% | 5.1% |
| Max Financial Services MFSL.NS | India | $4.68B | -25% | +18% | 3% | 7.71× | 78.7% | 3.3% |
| E-L Financial ELF.TO | Canada | $4.74B | +10% | +32% | 20% | 0.68× | 6.4% | 20.2% |
| Challenger CGF.AX | Australia | $5.59B | +36% | -25% | 13% | 2.01× | 15.8% | 13.3% |