Trade Storebrand - STB CFD

Storebrand Company profile

About Storebrand ASA

Storebrand ASA is a Norway-based provider of insurance and pension products. The Company operates in three business segments: the Bank and asset management segment includes products that offer savings for retirement, as well as consists of contribution pensions in Norway and Sweden, asset management and banking products for individuals; the Insurance business segment offers health insurance in the Norwegian and Swedish corporate and retail markets, property and casualty (P&C) insurance and personal risk products in the Norwegian retail market and employee insurance and pensions-related insurance in the Norwegian corporate market, in addition to the provision of life insurance products, and the Guaranteed pension segment covers defined pensions in Norway and Sweden, paid-up policies and individual capital and pension insurance. The Company operates Skagen AS as subsidiary.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Storebrand ASA revenues increased 47% to NOK115.95B. Net income applicable to common stockholders increased 33% to NOK3.12B. Revenues reflect Premium income increase of 21% to NOK53.68B. Net income was partially offset by Other segment loss increase from NOK75M to NOK225M, Expense Ratio P&C -% increase of 6% to 17%, Loss Ratio P&C -% decrease of 5% to 77%.

Equity composition

11/2007, Rights Issue, 9 new shares for every 11 sharesheld @ NOK 45 (Factor: 1.190313).

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