Storebrand ASA Reports Strong Start to 2025 with Growth in Savings and Insurance

Storebrand ASA ( (GB:0NO0) ) has issued an announcement.

Storebrand ASA reported a strong start to the year with a group result of NOK 1,167 million, driven by growth in savings and insurance. Despite financial market uncertainties, the company is on track to meet its 2025 targets for results and return on equity. The insurance segment showed strong growth, although profitability remains below target. The company is implementing measures to improve profitability and aims for a combined ratio of 90-92% by 2025. Storebrand’s financial position is robust, with a solvency margin of 198%, and it plans to continue its share buyback program.

More about Storebrand ASA

Storebrand is a Nordic financial group that provides financial security and freedom to individuals and businesses. The company focuses on offering sustainable solutions and encouraging customers to make sound financial choices for the future. Storebrand serves approximately 55,000 corporate customers and 2.2 million personal customers, managing assets worth NOK 1,442 billion. The group is headquartered in Lysaker, outside Oslo, and is listed on the Oslo Stock Exchange.

Average Trading Volume: 995,046

Current Market Cap: NOK57.24B

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