Storebrand ASA
STB
ISIN NO0003053605 / Valor 599187
Storebrand ASA
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About company
Storebrand ASA, headquartered in Norway, is a prominent entity in the Nordic financial services sector, specializing in long-term savings and insurance solutions. With assets under management exceeding NOK 1000 billion, it stands as Norway's largest asset manager, underscoring its significant role in the region's financial landscape. The company's operations extend across various domains, including Storebrand Asset Management, which is recognized for its leadership in sustainable investment solutions within the Nordic region. Additionally, Storebrand Real Estate marks its presence as one of Norway's leading private estate managers, overseeing approximately 1,000,000 square meters of property. This diversified portfolio of services highlights Storebrand's comprehensive approach to financial management and real estate, catering to a wide range of customer needs in the Nordic market.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (07.08.2026):
Storebrand ASA — Q1 2026: Storebrand reported a solid first quarter with group profit before tax and amortisation of NOK 1,353 million (up 16% YoY) and operating profit of NOK 1,026 million (up 28% YoY). Insurance results and retail growth were strong, solvency was a record 206%, assets under management reached NOK 1,543 billion, and the group confirmed a NOK 2 billion share buyback program for 2026.
Key financials
Group profit before tax and amortisation: NOK 1,353m (Q1 2025: NOK 1,167m). Operating profit: NOK 1,026m (800m). Financial result: NOK 327m (367m). Fee and administration income: NOK 2,097m (+5% YoY).
Insurance and retail performance
Insurance result improved to NOK 665m (+42% YoY). Storebrand grew its Norwegian retail P&C market share from 7.1% to 7.9% and increased portfolio premiums by 23% YoY. Combined ratio improved to 93% (97%).
Capital position & shareholder returns
Solvency ratio was a record 206% at quarter-end (well above the 175% buyback threshold). The group plans NOK 2.0bn in buybacks for 2026 (two tranches); NOK 0.4bn was executed in Q1.
Profitability metrics
Adjusted EPS: NOK 2.10 (NOK 2.42). Equity: NOK 33,982m. Assets under management: NOK 1,543bn. Annualised Return on Equity (ROE): 12% (Q1 2025: 15%).
Costs, efficiency and tech
Group operational costs rose 4% YoY, within the guided 5% annual cost growth. Management highlighted double-digit operational result growth in unit linked and asset management and continued efficiency gains, including faster AI-driven development and more in-house software.
Regulatory change
New legislation on paid‑up policies (effective H2 2026) introduces more flexible guarantee rules, enabling longer‑term investment strategies and expected higher pensions for about 600,000 Norwegians — a positive for both customers and future profit‑sharing.
Market and tax impacts
Currency: NOK appreciated ~7% vs SEK in the quarter, negatively affecting earnings and AuM in Sweden and asset management. Effective tax rate in the quarter was 36% (normal estimate 19–22%), influenced by hedging effects from the currency movement.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
9257 M
Market cap (USD)
555,065
Daily traded volume (Shares)
122.1 / 120.2
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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