Home Compare NN.AS vs ZURN.SW
Stock Comparison · Industry comparison · Insurance - Diversified

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

Zurich Insurance holds the cleaner structural position, with growth as the main driver and stability adding further support. 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.

Updated 2026-04-05

The result is anchored in growth, but stability also reinforces the same direction. The overall score gap is 12 points in favour of Zurich Insurance Group AG.

INDUSTRY COMPARISON

Both operate in: Insurance - Diversified

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

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

Peer-Relative Score
NN.AS
NN Group N.V.
60
Peer-Score
Signal qualityMedium
vs
ZURN.SW
Zurich Insurance Group AG
72
Peer-Score
Signal qualityMedium

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

Score differences across key dimensions.

Dimension spread: NN.AS vs ZURN.SW Profitability 100 83 Stability 35 59 Valuation 66 72 Growth 19 69 NN.AS ZURN.SW
Gap Ranking
#1 Growth +50
#2 Stability +24
#3 Profitability +17
#4 Valuation +6
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for NN.AS and ZURN.SW Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer NN.ASZURN.SW Relative valuation Structural strength

Neither company combines the stronger profile with the cheaper valuation.

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

Relative Position vs Comparable Companies
Growth
On growth, Zurich Insurance Group AG ranks near the top of the group; NN Group N.V. sits in the weaker half.
Stability
On stability, Zurich Insurance Group AG is positioned higher in the group, while NN Group N.V. is closer to the middle.
Growth — Dominant Gap
NN.AS
19
ZURN.SW
69
Gap+50in favour of ZURN.SW

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 24.3-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 stability adding further support — though profitability still provides a real counterweight.

Explore full peer positioning in AssetNext

Break down the NN.AS vs ZURN.SW comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar growth-driven comparisons

Explore how NN.AS and ZURN.SW 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.

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.