Norway · Delayed Price · Currency is NOK Storebrand ASA Earnings Call Transcripts
Fiscal Year 2026
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A strategic shift to capital-light products and strong growth in all business lines have driven record financial results and robust capital positions. The planned RT1 bond issuance will support ongoing capital management and shareholder returns.
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Operational earnings rose 28% year-over-year, with all segments showing double-digit growth and a record-high solvency ratio of 206%. Regulatory changes and cost initiatives support a positive outlook, while AI and digitalization drive efficiency gains.
Fiscal Year 2025
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Record 2025 results with NOK 5.7bn profit, 16% ROE, and strong growth in insurance and asset management. Dividend up 15%, NOK 2bn buyback planned, and robust capital position supports future growth and M&A flexibility.
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The group unveiled a strategy focused on capital-light growth, digitalization, and sustainability, raising its 2028 financial targets to NOK 7 billion in results and 17% ROE. Key initiatives include scaling digital platforms, expanding in asset management and insurance, and increasing capital distribution through dividends and buybacks.
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Record-high Q3 profit of NOK 1,586 million, with strong growth in insurance, banking, and asset management. Combined ratio improved to 89%, and the group remains on track for 2025 targets, with robust capital allocation and sustainability achievements.
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Record operating result and double-digit growth achieved despite market turbulence, with strong insurance and asset management performance, robust solvency, and continued share buybacks. Insurance margins improved, and sustainability leadership was recognized globally.
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Q1 2025 delivered strong earnings growth, with operating result up 16% and robust insurance and savings performance. Solvency and return on equity exceeded targets, while share buybacks and new partnerships supported strategic ambitions.
Fiscal Year 2024
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Record-high 2024 results with NOK 5.9 billion group profit, strong double-digit growth in all segments, and robust solvency. Dividend and share buybacks approach 100% payout, with continued focus on cost control and profitability targets for 2025.
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Record quarterly earnings driven by double-digit growth in pensions, asset management, and retail, with strong cost control and improved insurance results. Solvency remains robust at 190%, and the group is on track to meet 2025 financial targets, supported by ongoing share buybacks and dividend growth.
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Q2 saw record cash-based earnings of NOK 2,249 million, driven by strong growth, cost control, and the sale of the health insurance business. The solvency ratio remains robust at 191%, with double-digit growth in all business lines and continued progress toward 2025 profitability targets.
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A leading Nordic financial group is targeting over NOK 5 billion in profit next year, with double-digit growth in non-guaranteed business, strong liquidity, and a new NOK 500 million bond issue planned. Sustainability remains central, with net zero goals and top gender balance achievements.