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 savings, insurance, and asset management have driven record financial results and robust capital metrics. Plans for a new RT1 bond aim to 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 Kron, expanding in asset management and insurance, and increasing capital distributions through dividends and buybacks.
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Record-high Q3 profit of NOK 1,586 million driven by strong growth in insurance, asset management, and banking, with robust cost control and improved profitability. Combined ratio at 89%, solvency margin at 195%, and continued focus on dividends and share buybacks.
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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% year-over-year and robust insurance and retail banking performance. Solvency remains high at 198%, and strategic initiatives in asset management, P&C, and sustainability are progressing well.
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 a one-off gain from the health insurance sale. The solvency ratio remains robust at 191%, with double-digit growth in Unit Linked, asset management, and retail banking.
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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.