Storebrand posts strong Q1 2026 as retail insurance and capital strength underpin outlook

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

Storebrand reported a solid start to 2026, with first-quarter group profit rising 16 percent to NOK 1,353 million and operating profit up 28 percent to NOK 1,026 million, supported by strong contributions from insurance, defined contribution pensions and asset management. The insurer extended its lead as the fastest-growing non-life player in the Norwegian retail market, lifting market share to 7.9 percent as premium volumes climbed 23 percent, improving the combined ratio to 93 percent despite higher distribution costs.

Fee and administration income increased 5 percent, operating costs were kept within guidance and return on equity over the last 12 months reached 15 percent, underpinned by efficiency programmes and tighter cost discipline in asset management. A record-high solvency margin of 206 percent enabled ongoing share buybacks toward a NOK 2 billion 2026 programme, while upcoming Norwegian regulatory changes for paid-up policies are expected to allow more long-term investing, potentially boosting pension outcomes for roughly 600,000 customers and enhancing future profit sharing.

The most recent analyst rating on (GB:0NO0) stock is a Sell with a NOK145.00 price target. To see the full list of analyst forecasts on Storebrand ASA stock, see the GB:0NO0 Stock Forecast page.

More about Storebrand ASA

Storebrand ASA is a Nordic financial services group headquartered at Lysaker outside Oslo and listed on Oslo Børs. The company provides pensions, life and non-life insurance, savings and asset management solutions to around 61,000 corporate clients and 2.6 million retail customers, managing NOK 1,543 billion with a focus on sustainable, long-term financial products.

Average Trading Volume: 772,087

Current Market Cap: NOK71.05B

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