Home Compare ALV.DE vs NN.AS
Stock Comparison · Industry comparison · Insurance - Diversified

Allianz vs NN Group N.V.: Which Stock Looks Stronger in 2026?

The structural profiles are close, with Allianz SE carrying a narrow edge on growth. NN still has the edge on profitability, which keeps the comparison from looking entirely one-sided. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-05-17

Most of the separation is still concentrated in growth.

INDUSTRY COMPARISON

Both operate in: Insurance - Diversified

This comparison is based on industry proximity, not on functional trajectory similarity. ALV.DE and NN.AS share the same industry classification.

For a similarity-based comparison, see how Allianz SE and NN each position within their functional peer groups in AssetNext.

Peer-Relative Score
ALV.DE
Allianz SE
70
Peer-Score
Signal qualityLow
Peer basis: STOXX 600
vs
NN.AS
NN Group N.V.
67
Peer-Score
Signal qualitylow
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The clearest separation appears in growth.

Dimension spread: ALV.DE vs NN.AS Profitability 71 88 Stability 59 64 Valuation 78 68 Growth 68 40 ALV.DE NN.AS
Gap Ranking
#1 Growth +28
#2 Profitability +17
#3 Valuation +10
#4 Stability +5
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ALV.DE and NN.AS Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ALV.DENN.AS Relative valuation Structural strength

Structure stays fairly close here, while current pricing still looks more supportive for Allianz SE.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where ALV.DE and NN.AS each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY ALV.DE Elevated · above norm 0th 50th 100th 0 pct gap NN.AS Elevated · above norm 0th 50th 100th 99th 99th
ALV.DE (99th percentile) and NN.AS (99th percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
Both rank well on growth, but Allianz SE still holds a clear edge.
Profitability
On profitability, the edge still sits with NN Group N.V., even though both profiles look solid.
Growth — Dominant Gap
ALV.DE
68
NN.AS
40
Gap+28in favour of ALV.DE

One company is still expanding while the other is contracting, which creates a very wide growth split.

What keeps the gap from being one-sided

Profitability still favours NN, with a 19.9-point operating margin advantage keeping the comparison from looking fully resolved.

What this means for the comparison

Growth is the clearest driver of the lead, with profitability adding further support — though profitability still provides a real counterweight.

Explore full peer positioning in AssetNext

Break down the ALV.DE vs NN.AS comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar growth-and-profitability comparisons

Explore how ALV.DE and NN.AS each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.