Nürnberger Beteiligungs (NBG) was able to moderately grow its gross premiums booked on the back of a solid 10% y-o-y increase in new premiums to €266m in H119. Meanwhile, the low interest rate environment dampens NBG’s investment income, with the recent central bank rate decisions suggesting this will continue for now. We note that NBG’s relatively high exposure to unit-linked and disability products somewhat limits the impact of accommodative monetary policy. A cap on f
19 Sep 2019
Nurnberger Beteiligungs - Steady progress in unfavourable environment
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Nurnberger Beteiligungs - Steady progress in unfavourable environment
Nuernberger Beteiligungs AG Class B (NBG6:ETR) | 0 0 0.0% | Mkt Cap: 827.6m
- Published:
19 Sep 2019 -
Author:
Milosz Papst -
Pages:
5
Nürnberger Beteiligungs (NBG) was able to moderately grow its gross premiums booked on the back of a solid 10% y-o-y increase in new premiums to €266m in H119. Meanwhile, the low interest rate environment dampens NBG’s investment income, with the recent central bank rate decisions suggesting this will continue for now. We note that NBG’s relatively high exposure to unit-linked and disability products somewhat limits the impact of accommodative monetary policy. A cap on f