NN Group

1. Changes in macroeconomic conditions: Economic conditions can have a significant impact on the overall performance of the company. Factors such as global financial and credit market conditions, consumer demand, inflation, and government regulations could have a negative effect on NN Group N.V.’s earnings and profitability.

2. Competition: NN Group N.V. operates in a highly competitive environment, with competitors offering similar or better services/products at competitive prices, which could lead to a loss of market share or customers.

3. Volatility in the financial markets: NN Group N.V. is exposed to various forms of risk associated with changes in financial markets, such as foreign exchange rate risk, interest rate risk, and equity risk. The company could suffer losses if the markets move in an unfavorable direction.

4. Regulation: NN Group N.V. is subject to various laws and regulations pertaining to the financial industry, which could be changed or modified at any time. This could have a negative impact on the company’s operations, profitability, and financial health.

5. Operational risk: NN Group N.V. may incur losses due to errors, fraud, or negligence in its operations. The effectiveness of the company’s internal controls and processes should be periodically evaluated.

6. IT risk: NN Group N.V. may incur losses due to cyber security breaches, system malfunctions, or data loss. Appropriate measures should be taken to safeguard the company’s information systems against any IT security risks.