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Storebrand Reports Strong Q2 Results and Continues Share Buyback Program

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Storebrand Reports Strong Q2 Results and Continues Share Buyback Program

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The latest announcement is out from Storebrand ASA ( (GB:0NO0) ).

Storebrand ASA reported a group profit of NOK 1,427 million in the second quarter, driven by strong operational and financial results, including a 16% increase in operational results and an improved insurance segment with a combined ratio of 91%. The company continues its share buyback program and aims for a NOK 5 billion result target for 2025, while being recognized as one of the top 100 most sustainable companies by Time Magazine.

The most recent analyst rating on (GB:0NO0) stock is a Buy with a NOK149.00 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 is a Nordic financial group headquartered in Lysaker, Norway, and listed on the Oslo Stock Exchange. The company focuses on providing increased security and financial wellness through sustainable solutions, serving approximately 55,000 corporate customers and 2.2 million individual customers. Storebrand manages assets worth NOK 1,507 billion.

Average Trading Volume: 740,547

Current Market Cap: NOK60.97B

See more data about 0NO0 stock on TipRanks’ Stock Analysis page.

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