Storebrand ASA
STB
ISIN NO0003053605 / Valor 599187
Storebrand ASA
UMushroom community rating:
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 (06.01.2026):
Storebrand ASA — Q3 2025 results: a record-strong quarter driven by double-digit growth in Savings and Insurance. For Q3 2025 Storebrand reported an operational result of NOK 1,091 million (+16% y/y), group profit of NOK 1,586 million (+8% y/y) and an annualised return on equity of 19%. The quarter was marked by higher fees and premiums, improved insurance profitability and continued AUM growth.
Operational result & group profit
Operational result: NOK 1,091 million in Q3 2025 (up 16% y/y). Group profit: NOK 1,586 million (up 8% y/y). Financial result contributed NOK 495 million in the quarter.
Insurance performance
Insurance premiums rose ~20% in Q3 2025, with Retail repricing and volume gains. Combined ratio improved to 89% from 94% in Q3 2024. Portfolio premiums exceeded NOK 10 billion and Norwegian retail P&C market share reached 7.6% (vs 7.4% last quarter).
Savings, fees and AUM
Fee and administration income reached NOK 2,124 million (Q3 2024: NOK 1,971m). Assets under management were NOK 1,561 billion at quarter-end, supported by NOK 16 billion of net flows and positive market returns; bank lending rose to NOK 95.3 billion (+NOK 2.9bn during the quarter).
Capital position & shareholder returns
Solvency ratio was strong at 195% (above the 175% overcapitalisation threshold). Storebrand has regulatory approval for NOK 1.5 billion in share buybacks for 2025, with NOK 342 million remaining to execute in Q4; the long‑term buyback ambition is NOK 1.5 billion annually to 2030 alongside rising dividends.
Key metrics
Adjusted EPS (amortisation-adjusted): NOK 3.08 (Q3 2024: NOK 3.12). Equity: NOK 32,496 million. Annualised ROE: 19% (Q3 2024: 21%).
Strategy & outlook
Storebrand highlighted the rollout of the preventive/rehabilitation concept "VEL" into disability insurance and reiterated momentum across business areas. Management will update strategy and financial ambitions at Capital Markets Day on 10 December 2025.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
7302 M
Market cap (USD)
550,013
Daily traded volume (Shares)
122.1 / 120.2
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
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EPS (USD)
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Ratings & reviews
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