Storebrand（STB）株式概要Storebrand ASAはノルウェー、スウェーデン、英国、フィンランド、デンマーク、ドイツ、ルクセンブルク、アイルランドで保険商品・サービスを提供している。 詳細STB ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長1/6過去の実績2/6財務の健全性1/6配当金1/6報酬当社が推定した公正価値より44.6%で取引されている 収益は年間7.39%増加すると予測されています リスク分析負債は営業キャッシュフローで十分にカバーされていない 利益率(6.3%)は昨年より低い(16.1%) すべてのリスクチェックを見るSTB Community Fair Values Create NarrativeSee what 31 others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN9.7% overvaluedAnalystConsensusTarget•6mo agoAggressive Share Buybacks May Jeopardize Future Earnings In Nordic Pension Market84012AN9.4% undervaluedAnalystHighTarget•11mo agoNordic Ageing Demographics And Digitalization Will Fuel Market Expansion1105AN74.7% overvaluedAnalystLowTarget•11mo agoNordic Legacy Exposure And Rising Regulatory Costs Will Deflate Earnings901Top Analyst NarrativesAN9.7% overvaluedAnalystConsensusTarget•6mo agoAggressive Share Buybacks May Jeopardize Future Earnings In Nordic Pension Market84012AN9.4% undervaluedAnalystHighTarget•11mo agoNordic Ageing Demographics And Digitalization Will Fuel Market Expansion1105AN74.7% overvaluedAnalystLowTarget•11mo agoNordic Legacy Exposure And Rising Regulatory Costs Will Deflate Earnings901View all narrativesStorebrand ASA 競合他社Gjensidige ForsikringSymbol: OB:GJFMarket cap: NOK 129.3bProtector ForsikringSymbol: OB:PROTMarket cap: NOK 39.1bPrimericaSymbol: NYSE:PRIMarket cap: US$8.7bChina Taiping Insurance HoldingsSymbol: SEHK:966Market cap: HK$74.9b価格と性能株価の高値、安値、推移の概要Storebrand過去の株価現在の株価NOK 173.0052週高値NOK 183.9052週安値NOK 131.60ベータ0.541ヶ月の変化-2.32%3ヶ月変化0.23%1年変化29.98%3年間の変化111.96%5年間の変化121.17%IPOからの変化242.58%最新ニュースNew Risk • Apr 30New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.3% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (0.6% operating cash flow to total debt). Minor Risk Profit margins are more than 30% lower than last year (6.3% net profit margin).Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: kr1.38 (vs kr2.26 in 1Q 2025)First quarter 2026 results: EPS: kr1.38 (down from kr2.26 in 1Q 2025). Net income: kr586.0m (down 40% from 1Q 2025). Revenue is expected to decline by 75% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 6.0%. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 10Storebrand ASA Announces Cash Dividend for 2025Storebrand ASA announced cash dividend of NOK 5.4 per share for 2025. Ex-date is 10 April 2026.Upcoming Dividend • Apr 03Upcoming dividend of kr5.40 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 21 April 2026. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Norwegian dividend payers (7.5%). Lower than average of industry peers (4.7%).Reported Earnings • Mar 18Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: kr11.70 (down from kr12.49 in FY 2024). Revenue: kr59.4b (down 27% from FY 2024). Net income: kr5.02b (down 8.7% from FY 2024). Profit margin: 8.5% (up from 6.8% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is expected to decline by 61% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 5.1%. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 32% per year.Recent Insider Transactions • Feb 26Group Chief Executive Officer recently bought kr1.8m worth of stockOn the 18th of February, Odd Grefstad bought around 10k shares on-market at roughly kr177 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Odd's only on-market trade for the last 12 months.最新情報をもっと見るRecent updatesNew Risk • Apr 30New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.3% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (0.6% operating cash flow to total debt). Minor Risk Profit margins are more than 30% lower than last year (6.3% net profit margin).Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: kr1.38 (vs kr2.26 in 1Q 2025)First quarter 2026 results: EPS: kr1.38 (down from kr2.26 in 1Q 2025). Net income: kr586.0m (down 40% from 1Q 2025). Revenue is expected to decline by 75% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 6.0%. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 10Storebrand ASA Announces Cash Dividend for 2025Storebrand ASA announced cash dividend of NOK 5.4 per share for 2025. Ex-date is 10 April 2026.Upcoming Dividend • Apr 03Upcoming dividend of kr5.40 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 21 April 2026. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Norwegian dividend payers (7.5%). Lower than average of industry peers (4.7%).Reported Earnings • Mar 18Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: kr11.70 (down from kr12.49 in FY 2024). Revenue: kr59.4b (down 27% from FY 2024). Net income: kr5.02b (down 8.7% from FY 2024). Profit margin: 8.5% (up from 6.8% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is expected to decline by 61% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 5.1%. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 32% per year.Recent Insider Transactions • Feb 26Group Chief Executive Officer recently bought kr1.8m worth of stockOn the 18th of February, Odd Grefstad bought around 10k shares on-market at roughly kr177 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Odd's only on-market trade for the last 12 months.Recent Insider Transactions • Feb 23Group Chief Executive Officer recently bought kr1.8m worth of stockOn the 18th of February, Odd Grefstad bought around 10k shares on-market at roughly kr177 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Odd has been a buyer over the last 12 months, purchasing a net total of kr3.6m worth in shares.Recent Insider Transactions • Feb 20Group Chief Executive Officer recently bought kr1.8m worth of stockOn the 18th of February, Odd Grefstad bought around 10k shares on-market at roughly kr177 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Odd has been a buyer over the last 12 months, purchasing a net total of kr3.6m worth in shares.分析記事 • Feb 14Storebrand's (OB:STB) Upcoming Dividend Will Be Larger Than Last Year'sStorebrand ASA ( OB:STB ) has announced that it will be increasing its dividend from last year's comparable payment on...Declared Dividend • Feb 13Dividend increased to kr5.40Dividend of kr5.40 is 15% higher than last year. Ex-date: 10th April 2026 Payment date: 21st April 2026 Dividend yield will be 3.1%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 15% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 12Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: kr11.70 (down from kr12.48 in FY 2024). Revenue: kr23.5b (down 71% from FY 2024). Net income: kr5.02b (down 8.7% from FY 2024). Profit margin: 21% (up from 6.8% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is expected to decline by 20% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 5.0%. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 28% per year.お知らせ • Feb 11Storebrand ASA Plans to Propose Cash Dividend for the 2025 Accounting Year, Payable on April 21 , 2026Storebrand ASA plans to propose a cash dividend of NOK 5.40 per share for the 2025 accounting year. The formal decision regarding the dividend will be made at the company’s Annual General Meeting on 9 April 2026. The dividend amount is NOK 5.40 per share and will be declared in NOK. The last day including the right to the dividend is 9 April 2026, with the ex-date set for 10 April 2026. The record date is 13 April 2026, and payment will be made from 21 April 2026. The date of approval is 9 April 2026.ナラティブの更新 • Dec 08STB: Future Profit Margins And Leadership Changes Will Shape OutlookAnalysts have raised their price target for Storebrand from NOK 147.50 to NOK 157.75, citing stronger profit margins and a recent upgrade to Buy from Hold as key factors. Analyst Commentary Recent analyst updates reflect increasing confidence in Storebrand's earnings outlook and market positioning.お知らせ • Nov 14Storebrand ASA, Annual General Meeting, Apr 09, 2026Storebrand ASA, Annual General Meeting, Apr 09, 2026.お知らせ • Nov 13+ 4 more updatesStorebrand ASA to Report First Half, 2026 Results on Jul 15, 2026Storebrand ASA announced that they will report first half, 2026 results on Jul 15, 2026ナラティブの更新 • Oct 29Aggressive Share Buybacks May Jeopardize Future Earnings In Nordic Pension MarketAnalysts have significantly raised Storebrand's price target from NOK 55.86 to NOK 147.50. They cite improved profit margin projections and a recent upgrade in stock outlook as key reasons for this change.Reported Earnings • Oct 23Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: kr3.09 (up from kr2.53 in 3Q 2024). Revenue: kr24.2b (up 39% from 3Q 2024). Net income: kr1.32b (up 20% from 3Q 2024). Profit margin: 5.5% (down from 6.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is expected to decline by 77% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 27% per year.分析記事 • Sep 05Storebrand ASA's (OB:STB) Popularity With Investors Is Under Threat From OverpricingThere wouldn't be many who think Storebrand ASA's ( OB:STB ) price-to-earnings (or "P/E") ratio of 14x is worth a...Recent Insider Transactions • Aug 01Independent Director recently bought kr1.0m worth of stockOn the 28th of July, Viveka Ekberg bought around 7k shares on-market at roughly kr149 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr10m more in shares than they have sold in the last 12 months.Reported Earnings • Jul 13Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: kr2.79 (down from kr4.86 in 2Q 2024). Revenue: kr39.5b (up 113% from 2Q 2024). Net income: kr1.20b (down 44% from 2Q 2024). Profit margin: 3.0% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is expected to decline by 66% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 5.5%. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.New Risk • Jun 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future.Reported Earnings • May 08First quarter 2025 earnings released: EPS: kr2.27 (vs kr2.01 in 1Q 2024)First quarter 2025 results: EPS: kr2.27 (up from kr2.01 in 1Q 2024). Revenue: kr5.44b (down 86% from 1Q 2024). Net income: kr985.0m (up 9.8% from 1Q 2024). Profit margin: 18% (up from 2.4% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 89% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 12Storebrand ASA Approves Appointment of Nomination Committee MembersStorebrand ASA at its AGM held on April 9, 2025, approved the appointment of Nils Bastiansen, Fridtjof Berents, Liv Monica Stubholt and Lars Jansen Viste as members of the Nomination Committee, all for a term of 1 year. Nils Bastiansen is elected as Chairman of the Nomination Committee for a term of 1 year.お知らせ • Apr 10Storebrand ASA Announces Cash Dividend for 2024Storebrand ASA announced cash dividend of NOK 4.7 per share for 2024. Ex-date is 10 April 2025.Upcoming Dividend • Apr 03Upcoming dividend of kr4.70 per shareEligible shareholders must have bought the stock before 10 April 2025. Payment date: 24 April 2025. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of Norwegian dividend payers (8.8%). Lower than average of industry peers (4.3%).Reported Earnings • Mar 19Full year 2024 earnings released: EPS: kr12.48 (vs kr7.31 in FY 2023)Full year 2024 results: EPS: kr12.48 (up from kr7.31 in FY 2023). Revenue: kr81.4b (up 39% from FY 2023). Net income: kr5.49b (up 64% from FY 2023). Profit margin: 6.8% (up from 5.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 74% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 6.9%. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.新しいナラティブ • Mar 02Regulatory And Competitive Pressures Will Erode Future Net Margins In Nordic Insurance Sector Share buyback plans and increased dividends may boost stock expectations and signal strong cash flow, benefiting earnings stability and growth perception.お知らせ • Feb 21Storebrand ASA Announces Demise of Marianne Bergmann Roren, Independent DirectorWith great sorrow, the Board of Directors and management of Storebrand received the news of Marianne Bergmann Røren's passing on February 18th, after a courageous battle with cancer. Marianne was a skilled and dedicated business leader with deep insight into both industry and the business world in general. Since 2020, she has been a valued member of the Board of Directors at Storebrand ASA. During these years, she successfully built a strong bridge between strategic, commercial, and regulatory work.Declared Dividend • Feb 15Dividend increased to kr4.70Dividend of kr4.70 is 15% higher than last year. Ex-date: 10th April 2025 Payment date: 24th April 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but not covered by cash flows (314% cash payout ratio). The dividend has increased by an average of 15% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to decline by 8.1% over the next 3 years. However, it would need to fall by 58% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Feb 13Full year 2024 earnings released: EPS: kr12.54 (vs kr7.31 in FY 2023)Full year 2024 results: EPS: kr12.54 (up from kr7.31 in FY 2023). Revenue: kr20.6b (down 65% from FY 2023). Net income: kr5.52b (up 65% from FY 2023). Profit margin: 27% (up from 5.7% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 13Storebrand Asa Proposes Cash Dividend, Payable from 24 April 2025Storebrand ASA proposed cash dividend of NOK 4.70 per share, payable from 24 April 2025, record date of 11 April 2025 and ex-date of 10 April 2025. Date of approval of dividend on 9 April 2025.Price Target Changed • Jan 22Price target increased by 8.9% to kr132Up from kr122, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of kr127. Stock is up 30% over the past year. The company is forecast to post earnings per share of kr11.20 for next year compared to kr7.31 last year.Recent Insider Transactions • Nov 08Independent Director recently bought kr531k worth of stockOn the 30th of October, Viveka Ekberg bought around 4k shares on-market at roughly kr126 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr631k. Insiders have collectively bought kr1.9m more in shares than they have sold in the last 12 months.お知らせ • Nov 08Storebrand ASA, Annual General Meeting, Apr 09, 2025Storebrand ASA, Annual General Meeting, Apr 09, 2025.Recent Insider Transactions • Nov 06Independent Director recently bought kr531k worth of stockOn the 30th of October, Viveka Ekberg bought around 4k shares on-market at roughly kr126 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr631k. Insiders have collectively bought kr1.9m more in shares than they have sold in the last 12 months.お知らせ • Nov 01+ 4 more updatesStorebrand ASA to Report Q1, 2025 Results on May 07, 2025Storebrand ASA announced that they will report Q1, 2025 results on May 07, 2025Recent Insider Transactions • Oct 25Independent Vice Chairman of the Board recently bought kr631k worth of stockOn the 23rd of October, Martin Skancke bought around 5k shares on-market at roughly kr126 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr953k worth in shares.Reported Earnings • Oct 23Third quarter 2024 earnings released: EPS: kr2.53 (vs kr1.25 in 3Q 2023)Third quarter 2024 results: EPS: kr2.53 (up from kr1.25 in 3Q 2023). Net income: kr1.10b (up 95% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 12% per year.Reported Earnings • Jul 14Second quarter 2024 earnings released: EPS: kr4.86 (vs kr1.74 in 2Q 2023)Second quarter 2024 results: EPS: kr4.86 (up from kr1.74 in 2Q 2023). Revenue: kr18.6b (down 4.4% from 2Q 2023). Net income: kr2.16b (up 167% from 2Q 2023). Profit margin: 12% (up from 4.2% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.Board Change • May 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Viveka Ekberg was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 30Storebrand ASA (OB:STB) commences an Equity Buyback Plan for 44,797,268 shares, representing 9.62% of its issued share capital, under the authorization approved on April 4, 2024.Storebrand ASA (OB:STB) commences share repurchases on April 25, 2024, under the program mandated by the shareholders in the Annual General Meeting on April 4, 2024. As per the mandate, the company is authorized to repurchase up to 44,797,268 shares, representing 9.62% of its issued share capital for a nominal value of NOK 223.99 million, provided that the number of shares repurchased and the shares held in treasury shall not exceed 10% of the share capital at any given time. The minimum and maximum amount that may be paid per share will be NOK 5 per share and NOK 150 per share. The purpose of program is to acquire treasury shares for fulfilment of the company’s obligations under the group’s share purchase program and long-term incentive schemes for employees. The shares repurchased pursuant to this authorization can also be used as consideration for the acquisition of other businesses, for subsequent sale or redemption by a write-down of the share capital through treasury shares being deleted. The share repurchase program will be valid till December 31, 2025. As of March 12, 2024, the company had 465,497,866 issued shares and 20,873,472 treasury shares. On April 19, 2024, the company initiated a Market Repurchase after receiving approval from Norwegian Financial Supervisory Authority. The program will commence after the release of the first quarter result for 2024. On April 24, 2024, the company announced that it will repurchase up to NOK 1,100 million worth of its shares. The purpose of the share buyback program is to return excess capital to shareholders by reducing the share capital of the company. The program will commence from today and will be valid till December 20, 2024.Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: kr2.03 (vs kr2.25 in 1Q 2023)First quarter 2024 results: EPS: kr2.03 (down from kr2.25 in 1Q 2023). Revenue: kr37.7b (up 106% from 1Q 2023). Net income: kr905.0m (down 13% from 1Q 2023). Profit margin: 2.4% (down from 5.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.お知らせ • Apr 05Storebrand ASA Announces Cash Dividend for the Year 2023Storebrand ASA announced a cash dividend of NOK 4.1 per share for the year 2023. The ex-date is on 5 April 2024.Upcoming Dividend • Mar 29Upcoming dividend of kr4.10 per shareEligible shareholders must have bought the stock before 05 April 2024. Payment date: 16 April 2024. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Norwegian dividend payers (7.6%). Lower than average of industry peers (4.9%).Reported Earnings • Mar 17Full year 2023 earnings released: EPS: kr7.31 (vs kr5.07 in FY 2022)Full year 2023 results: EPS: kr7.31 (up from kr5.07 in FY 2022). Revenue: kr73.9b (up 359% from FY 2022). Net income: kr3.35b (up 41% from FY 2022). Profit margin: 4.5% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Combined ratio: 102.0% (up from 91.0% in FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year.Recent Insider Transactions • Feb 11Independent Director recently bought kr358k worth of stockOn the 7th of February, Jarle Roth bought around 4k shares on-market at roughly kr89.44 per share. This transaction amounted to 80% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr34m more in shares than they have sold in the last 12 months.Declared Dividend • Feb 09Dividend increased to kr4.10Dividend of kr4.10 is 11% higher than last year. Ex-date: 5th April 2024 Payment date: 16th April 2024 Dividend yield will be 4.5%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 08Full year 2023 earnings released: EPS: kr7.37 (vs kr5.07 in FY 2022)Full year 2023 results: EPS: kr7.37 (up from kr5.07 in FY 2022). Revenue: kr73.9b (up 359% from FY 2022). Net income: kr3.38b (up 42% from FY 2022). Profit margin: 4.6% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 07Storebrand ASA Proposes Cash Dividend, Payable from 16 April 2024Storebrand ASA proposed cash dividend of NOK 4.10 per share, payable from 16 April 2024, record date of 8 April 2024 and ex-date of 5 April 2024. Date of approval of dividend on 4 April 2024.お知らせ • Dec 14Storebrand ASA to Report Fiscal Year 2023 Final Results on Mar 14, 2024Storebrand ASA announced that they will report fiscal year 2023 final results on Mar 14, 2024お知らせ • Nov 02+ 4 more updatesStorebrand ASA to Report Q3, 2024 Results on Oct 23, 2024Storebrand ASA announced that they will report Q3, 2024 results on Oct 23, 2024Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: kr1.25 (vs kr0.76 in 3Q 2022)Third quarter 2023 results: EPS: kr1.25 (up from kr0.76 in 3Q 2022). Net income: kr567.0m (up 61% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Recent Insider Transactions • Jul 20Independent Director recently bought kr17m worth of stockOn the 18th of July, Fredrik Atting bought around 200k shares on-market at roughly kr86.20 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr35m more in shares than they have sold in the last 12 months.Reported Earnings • Jul 14Second quarter 2023 earnings released: EPS: kr1.75 (vs kr0.87 in 2Q 2022)Second quarter 2023 results: EPS: kr1.75 (up from kr0.87 in 2Q 2022). Net income: kr810.0m (up 98% from 2Q 2022). Revenue is expected to decline by 102% p.a. on average during the next 2 years, while revenues in the Insurance industry in Europe are expected to grow by 8.0%. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.Board Change • May 18High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Jarle Roth was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • May 14Group CFO and EVP of Finance recently bought kr139k worth of stockOn the 11th of May, Lars Loddesol bought around 2k shares on-market at roughly kr79.52 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr16m. Lars has been a buyer over the last 12 months, purchasing a net total of kr215k worth in shares.Recent Insider Transactions • Apr 08Insider recently bought kr16m worth of stockOn the 3rd of April, Fredrik Atting bought around 200k shares on-market at roughly kr81.24 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr30m more in shares than they have sold in the last 12 months.Upcoming Dividend • Apr 07Upcoming dividend of kr3.70 per share at 4.5% yieldEligible shareholders must have bought the stock before 14 April 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 4.5%. Lower than top quartile of Norwegian dividend payers (8.3%). Lower than average of industry peers (5.1%).Reported Earnings • Mar 27Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: kr5.07 (down from kr6.68 in FY 2021). Revenue: kr16.1b (down 87% from FY 2021). Net income: kr2.38b (down 24% from FY 2021). Profit margin: 15% (up from 2.6% in FY 2021). The increase in margin was driven by lower expenses. Combined ratio: 91.0% (down from 94.0% in FY 2021). Revenue missed analyst estimates by 44%. Earnings per share (EPS) exceeded analyst estimates by 4.9%. Revenue is forecast to stay flat during the next 2 years compared to a 10% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Recent Insider Transactions • Mar 22Independent Director recently bought kr230k worth of stockOn the 17th of March, Marianne Roren bought around 3k shares on-market at roughly kr76.59 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr14m more in shares than they have sold in the last 12 months.Reported Earnings • Feb 09Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: kr5.10 (down from kr6.68 in FY 2021). Revenue: kr16.1b (down 87% from FY 2021). Net income: kr2.39b (down 23% from FY 2021). Profit margin: 15% (up from 2.6% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 44%. Earnings per share (EPS) exceeded analyst estimates by 4.9%. Revenue is forecast to stay flat during the next 2 years compared to a 6.5% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 08Storebrand Asa Proposes Ordinary Dividend for 2022, Payable from 25 April 2023The board of Storebrand ASA proposed an ordinary dividend of NOK 3.70 per share for 2022 to the Annual General Meeting, equal to a total amount of NOK 1,718 million. This represents a NOK 0.20 nominal increase compared to the previously paid dividend, corresponding to an increase of 5.7%. Last day including right: 13 April 2023, Ex-date: 14 April 2023, Record date: 17 April 2023, Payment date: from 25 April 2023, Date of approval: 13 April 2023.お知らせ • Nov 04+ 2 more updatesStorebrand ASA to Report Fiscal Year 2022 Results on Mar 21, 2023Storebrand ASA announced that they will report fiscal year 2022 results on Mar 21, 2023Major Estimate Revision • Nov 02Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from kr13.7b to kr21.1b. EPS estimate fell from kr4.94 to kr4.81. Net income forecast to grow 3.1% next year vs 4.6% growth forecast for Insurance industry in Norway. Consensus price target broadly unchanged at kr93.56. Share price rose 7.6% to kr81.24 over the past week.Reported Earnings • Oct 26Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: kr0.82 (down from kr1.28 in 3Q 2021). Revenue: kr6.13b (down 63% from 3Q 2021). Net income: kr386.0m (down 35% from 3Q 2021). Profit margin: 6.3% (up from 3.6% in 3Q 2021). Revenue missed analyst estimates by 40%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Revenue is expected to decline by 23% p.a. on average during the next 2 years, while revenues in the Insurance industry in Europe are expected to grow by 5.8%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Sep 29Group Chief Executive Officer recently bought kr530k worth of stockOn the 27th of September, Odd Grefstad bought around 7k shares on-market at roughly kr75.70 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Odd has been a buyer over the last 12 months, purchasing a net total of kr1.2m worth in shares.Recent Insider Transactions • Jul 17Independent Director recently bought kr191k worth of stockOn the 14th of July, Martin Skancke bought around 3k shares on-market at roughly kr76.40 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr791k more in shares than they have sold in the last 12 months.Reported Earnings • Jul 16Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: kr0.87 (down from kr2.51 in 2Q 2021). Revenue: -kr15.9b (down 153% from 2Q 2021). Net income: kr410.0m (down 65% from 2Q 2021). Revenue missed analyst estimates by 40%. Earnings per share (EPS) exceeded analyst estimates by 74%. Over the next year, revenue is expected to shrink by 45% compared to a 18% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year.Major Estimate Revision • Jul 15Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from kr20.4b to kr14.1b. EPS estimate increased from kr4.89 to kr5.42 per share. Net income forecast to shrink 26% next year vs 1.0% growth forecast for Insurance industry in Norway . Consensus price target down from kr100 to kr96.83. Share price rose 6.4% to kr75.52 over the past week.Price Target Changed • Jul 14Price target decreased to kr96.83Down from kr105, the current price target is an average from 5 analysts. New target price is 28% above last closing price of kr75.70. Stock is down 3.6% over the past year. The company is forecast to post earnings per share of kr4.89 for next year compared to kr6.68 last year.Major Estimate Revision • Jul 06Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from kr5.60 to kr4.89 per share. Revenue forecast steady at kr20.4b. Net income forecast to shrink 29% next year vs 1.2% growth forecast for Insurance industry in Norway . Consensus price target down from kr108 to kr103. Share price fell 6.9% to kr67.00 over the past week.Board Change • May 31High number of new directorsEmployee Representative Director Hanne Grave was the last director to join the board, commencing their role in 2021.Recent Insider Transactions • May 19Group Chief Executive Officer recently bought kr101k worth of stockOn the 12th of May, Odd Grefstad bought around 1k shares on-market at roughly kr78.79 per share. This was the largest purchase by an insider in the last 3 months. This was Odd's only on-market trade for the last 12 months.Recent Insider Transactions • May 08Group CFO and EVP of Strategy & Legal recently bought kr84k worth of stockOn the 4th of May, Lars Loddesol bought around 1k shares on-market at roughly kr83.70 per share. This was the largest purchase by an insider in the last 3 months. This was Lars' only on-market trade for the last 12 months.株主還元STBNO InsuranceNO 市場7D-0.4%3.4%-0.7%1Y30.0%6.2%14.4%株主還元を見る業界別リターン: STB過去 1 年間で6.2 % の収益を上げたNorwegian Insurance業界を上回りました。リターン対市場: STB過去 1 年間で14.4 % の収益を上げたNorwegian市場を上回りました。価格変動Is STB's price volatile compared to industry and market?STB volatilitySTB Average Weekly Movement2.9%Insurance Industry Average Movement3.5%Market Average Movement5.4%10% most volatile stocks in NO Market11.2%10% least volatile stocks in NO Market3.1%安定した株価: STB 、 Norwegian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: STBの 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト17672,490Odd Grefstadwww.storebrand.noStorebrand ASA はノルウェー、スウェーデン、英国、フィンランド、デンマーク、ドイツ、ルクセンブルク、アイルランドで保険商品・サービスを提供している。つのセグメントで事業を展開している：貯蓄、保険、保証年金、その他。貯蓄部門は退職貯蓄、確定拠出年金、資産運用、リテール・バンキング商品を提供している。保険事業は個人保険、損害保険、個人リスク保険、年金関連保険商品を提供している。保証年金部門は、確定拠出年金、払込保険、個人資本・年金保険商品などの長期年金貯蓄商品を提供している。その他のセグメントは生命保険商品を提供している。同社は個人、企業、公営企業、法人およびリテール市場にサービスを提供している。ストアブランドASA は1767 年に設立され、ノルウェーのリサケルに本社を置く。もっと見るStorebrand ASA 基礎のまとめStorebrand の収益と売上を時価総額と比較するとどうか。STB 基礎統計学時価総額NOK 72.70b収益（TTM）NOK 4.63b売上高(TTM)NOK 73.08b15.7xPER（株価収益率1.0xP/SレシオSTB は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計STB 損益計算書（TTM）収益NOK 73.08b売上原価NOK 9.57b売上総利益NOK 63.51bその他の費用NOK 58.88b収益NOK 4.63b直近の収益報告Mar 31, 2026次回決算日Jul 15, 2026一株当たり利益（EPS）11.01グロス・マージン86.90%純利益率6.33%有利子負債／自己資本比率186.1%STB の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.1%現在の配当利回り50%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/12 21:33終値2026/06/12 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Storebrand ASA 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。20 アナリスト機関null nullABG Sundal CollierTryfonas SpyrouBerenbergDavid BarmaBofA Global Research17 その他のアナリストを表示
New Risk • Apr 30New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.3% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (0.6% operating cash flow to total debt). Minor Risk Profit margins are more than 30% lower than last year (6.3% net profit margin).
Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: kr1.38 (vs kr2.26 in 1Q 2025)First quarter 2026 results: EPS: kr1.38 (down from kr2.26 in 1Q 2025). Net income: kr586.0m (down 40% from 1Q 2025). Revenue is expected to decline by 75% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 6.0%. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 10Storebrand ASA Announces Cash Dividend for 2025Storebrand ASA announced cash dividend of NOK 5.4 per share for 2025. Ex-date is 10 April 2026.
Upcoming Dividend • Apr 03Upcoming dividend of kr5.40 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 21 April 2026. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Norwegian dividend payers (7.5%). Lower than average of industry peers (4.7%).
Reported Earnings • Mar 18Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: kr11.70 (down from kr12.49 in FY 2024). Revenue: kr59.4b (down 27% from FY 2024). Net income: kr5.02b (down 8.7% from FY 2024). Profit margin: 8.5% (up from 6.8% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is expected to decline by 61% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 5.1%. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 32% per year.
Recent Insider Transactions • Feb 26Group Chief Executive Officer recently bought kr1.8m worth of stockOn the 18th of February, Odd Grefstad bought around 10k shares on-market at roughly kr177 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Odd's only on-market trade for the last 12 months.
New Risk • Apr 30New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.3% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (0.6% operating cash flow to total debt). Minor Risk Profit margins are more than 30% lower than last year (6.3% net profit margin).
Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: kr1.38 (vs kr2.26 in 1Q 2025)First quarter 2026 results: EPS: kr1.38 (down from kr2.26 in 1Q 2025). Net income: kr586.0m (down 40% from 1Q 2025). Revenue is expected to decline by 75% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 6.0%. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 10Storebrand ASA Announces Cash Dividend for 2025Storebrand ASA announced cash dividend of NOK 5.4 per share for 2025. Ex-date is 10 April 2026.
Upcoming Dividend • Apr 03Upcoming dividend of kr5.40 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 21 April 2026. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Norwegian dividend payers (7.5%). Lower than average of industry peers (4.7%).
Reported Earnings • Mar 18Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: kr11.70 (down from kr12.49 in FY 2024). Revenue: kr59.4b (down 27% from FY 2024). Net income: kr5.02b (down 8.7% from FY 2024). Profit margin: 8.5% (up from 6.8% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is expected to decline by 61% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 5.1%. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 32% per year.
Recent Insider Transactions • Feb 26Group Chief Executive Officer recently bought kr1.8m worth of stockOn the 18th of February, Odd Grefstad bought around 10k shares on-market at roughly kr177 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Odd's only on-market trade for the last 12 months.
Recent Insider Transactions • Feb 23Group Chief Executive Officer recently bought kr1.8m worth of stockOn the 18th of February, Odd Grefstad bought around 10k shares on-market at roughly kr177 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Odd has been a buyer over the last 12 months, purchasing a net total of kr3.6m worth in shares.
Recent Insider Transactions • Feb 20Group Chief Executive Officer recently bought kr1.8m worth of stockOn the 18th of February, Odd Grefstad bought around 10k shares on-market at roughly kr177 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Odd has been a buyer over the last 12 months, purchasing a net total of kr3.6m worth in shares.
分析記事 • Feb 14Storebrand's (OB:STB) Upcoming Dividend Will Be Larger Than Last Year'sStorebrand ASA ( OB:STB ) has announced that it will be increasing its dividend from last year's comparable payment on...
Declared Dividend • Feb 13Dividend increased to kr5.40Dividend of kr5.40 is 15% higher than last year. Ex-date: 10th April 2026 Payment date: 21st April 2026 Dividend yield will be 3.1%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 15% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 12Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: kr11.70 (down from kr12.48 in FY 2024). Revenue: kr23.5b (down 71% from FY 2024). Net income: kr5.02b (down 8.7% from FY 2024). Profit margin: 21% (up from 6.8% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is expected to decline by 20% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 5.0%. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 28% per year.
お知らせ • Feb 11Storebrand ASA Plans to Propose Cash Dividend for the 2025 Accounting Year, Payable on April 21 , 2026Storebrand ASA plans to propose a cash dividend of NOK 5.40 per share for the 2025 accounting year. The formal decision regarding the dividend will be made at the company’s Annual General Meeting on 9 April 2026. The dividend amount is NOK 5.40 per share and will be declared in NOK. The last day including the right to the dividend is 9 April 2026, with the ex-date set for 10 April 2026. The record date is 13 April 2026, and payment will be made from 21 April 2026. The date of approval is 9 April 2026.
ナラティブの更新 • Dec 08STB: Future Profit Margins And Leadership Changes Will Shape OutlookAnalysts have raised their price target for Storebrand from NOK 147.50 to NOK 157.75, citing stronger profit margins and a recent upgrade to Buy from Hold as key factors. Analyst Commentary Recent analyst updates reflect increasing confidence in Storebrand's earnings outlook and market positioning.
お知らせ • Nov 14Storebrand ASA, Annual General Meeting, Apr 09, 2026Storebrand ASA, Annual General Meeting, Apr 09, 2026.
お知らせ • Nov 13+ 4 more updatesStorebrand ASA to Report First Half, 2026 Results on Jul 15, 2026Storebrand ASA announced that they will report first half, 2026 results on Jul 15, 2026
ナラティブの更新 • Oct 29Aggressive Share Buybacks May Jeopardize Future Earnings In Nordic Pension MarketAnalysts have significantly raised Storebrand's price target from NOK 55.86 to NOK 147.50. They cite improved profit margin projections and a recent upgrade in stock outlook as key reasons for this change.
Reported Earnings • Oct 23Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: kr3.09 (up from kr2.53 in 3Q 2024). Revenue: kr24.2b (up 39% from 3Q 2024). Net income: kr1.32b (up 20% from 3Q 2024). Profit margin: 5.5% (down from 6.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is expected to decline by 77% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 27% per year.
分析記事 • Sep 05Storebrand ASA's (OB:STB) Popularity With Investors Is Under Threat From OverpricingThere wouldn't be many who think Storebrand ASA's ( OB:STB ) price-to-earnings (or "P/E") ratio of 14x is worth a...
Recent Insider Transactions • Aug 01Independent Director recently bought kr1.0m worth of stockOn the 28th of July, Viveka Ekberg bought around 7k shares on-market at roughly kr149 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr10m more in shares than they have sold in the last 12 months.
Reported Earnings • Jul 13Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: kr2.79 (down from kr4.86 in 2Q 2024). Revenue: kr39.5b (up 113% from 2Q 2024). Net income: kr1.20b (down 44% from 2Q 2024). Profit margin: 3.0% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is expected to decline by 66% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 5.5%. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
New Risk • Jun 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future.
Reported Earnings • May 08First quarter 2025 earnings released: EPS: kr2.27 (vs kr2.01 in 1Q 2024)First quarter 2025 results: EPS: kr2.27 (up from kr2.01 in 1Q 2024). Revenue: kr5.44b (down 86% from 1Q 2024). Net income: kr985.0m (up 9.8% from 1Q 2024). Profit margin: 18% (up from 2.4% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 89% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 12Storebrand ASA Approves Appointment of Nomination Committee MembersStorebrand ASA at its AGM held on April 9, 2025, approved the appointment of Nils Bastiansen, Fridtjof Berents, Liv Monica Stubholt and Lars Jansen Viste as members of the Nomination Committee, all for a term of 1 year. Nils Bastiansen is elected as Chairman of the Nomination Committee for a term of 1 year.
お知らせ • Apr 10Storebrand ASA Announces Cash Dividend for 2024Storebrand ASA announced cash dividend of NOK 4.7 per share for 2024. Ex-date is 10 April 2025.
Upcoming Dividend • Apr 03Upcoming dividend of kr4.70 per shareEligible shareholders must have bought the stock before 10 April 2025. Payment date: 24 April 2025. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of Norwegian dividend payers (8.8%). Lower than average of industry peers (4.3%).
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: kr12.48 (vs kr7.31 in FY 2023)Full year 2024 results: EPS: kr12.48 (up from kr7.31 in FY 2023). Revenue: kr81.4b (up 39% from FY 2023). Net income: kr5.49b (up 64% from FY 2023). Profit margin: 6.8% (up from 5.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 74% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 6.9%. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
新しいナラティブ • Mar 02Regulatory And Competitive Pressures Will Erode Future Net Margins In Nordic Insurance Sector Share buyback plans and increased dividends may boost stock expectations and signal strong cash flow, benefiting earnings stability and growth perception.
お知らせ • Feb 21Storebrand ASA Announces Demise of Marianne Bergmann Roren, Independent DirectorWith great sorrow, the Board of Directors and management of Storebrand received the news of Marianne Bergmann Røren's passing on February 18th, after a courageous battle with cancer. Marianne was a skilled and dedicated business leader with deep insight into both industry and the business world in general. Since 2020, she has been a valued member of the Board of Directors at Storebrand ASA. During these years, she successfully built a strong bridge between strategic, commercial, and regulatory work.
Declared Dividend • Feb 15Dividend increased to kr4.70Dividend of kr4.70 is 15% higher than last year. Ex-date: 10th April 2025 Payment date: 24th April 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but not covered by cash flows (314% cash payout ratio). The dividend has increased by an average of 15% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to decline by 8.1% over the next 3 years. However, it would need to fall by 58% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Feb 13Full year 2024 earnings released: EPS: kr12.54 (vs kr7.31 in FY 2023)Full year 2024 results: EPS: kr12.54 (up from kr7.31 in FY 2023). Revenue: kr20.6b (down 65% from FY 2023). Net income: kr5.52b (up 65% from FY 2023). Profit margin: 27% (up from 5.7% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 13Storebrand Asa Proposes Cash Dividend, Payable from 24 April 2025Storebrand ASA proposed cash dividend of NOK 4.70 per share, payable from 24 April 2025, record date of 11 April 2025 and ex-date of 10 April 2025. Date of approval of dividend on 9 April 2025.
Price Target Changed • Jan 22Price target increased by 8.9% to kr132Up from kr122, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of kr127. Stock is up 30% over the past year. The company is forecast to post earnings per share of kr11.20 for next year compared to kr7.31 last year.
Recent Insider Transactions • Nov 08Independent Director recently bought kr531k worth of stockOn the 30th of October, Viveka Ekberg bought around 4k shares on-market at roughly kr126 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr631k. Insiders have collectively bought kr1.9m more in shares than they have sold in the last 12 months.
お知らせ • Nov 08Storebrand ASA, Annual General Meeting, Apr 09, 2025Storebrand ASA, Annual General Meeting, Apr 09, 2025.
Recent Insider Transactions • Nov 06Independent Director recently bought kr531k worth of stockOn the 30th of October, Viveka Ekberg bought around 4k shares on-market at roughly kr126 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr631k. Insiders have collectively bought kr1.9m more in shares than they have sold in the last 12 months.
お知らせ • Nov 01+ 4 more updatesStorebrand ASA to Report Q1, 2025 Results on May 07, 2025Storebrand ASA announced that they will report Q1, 2025 results on May 07, 2025
Recent Insider Transactions • Oct 25Independent Vice Chairman of the Board recently bought kr631k worth of stockOn the 23rd of October, Martin Skancke bought around 5k shares on-market at roughly kr126 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr953k worth in shares.
Reported Earnings • Oct 23Third quarter 2024 earnings released: EPS: kr2.53 (vs kr1.25 in 3Q 2023)Third quarter 2024 results: EPS: kr2.53 (up from kr1.25 in 3Q 2023). Net income: kr1.10b (up 95% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 12% per year.
Reported Earnings • Jul 14Second quarter 2024 earnings released: EPS: kr4.86 (vs kr1.74 in 2Q 2023)Second quarter 2024 results: EPS: kr4.86 (up from kr1.74 in 2Q 2023). Revenue: kr18.6b (down 4.4% from 2Q 2023). Net income: kr2.16b (up 167% from 2Q 2023). Profit margin: 12% (up from 4.2% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • May 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Viveka Ekberg was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 30Storebrand ASA (OB:STB) commences an Equity Buyback Plan for 44,797,268 shares, representing 9.62% of its issued share capital, under the authorization approved on April 4, 2024.Storebrand ASA (OB:STB) commences share repurchases on April 25, 2024, under the program mandated by the shareholders in the Annual General Meeting on April 4, 2024. As per the mandate, the company is authorized to repurchase up to 44,797,268 shares, representing 9.62% of its issued share capital for a nominal value of NOK 223.99 million, provided that the number of shares repurchased and the shares held in treasury shall not exceed 10% of the share capital at any given time. The minimum and maximum amount that may be paid per share will be NOK 5 per share and NOK 150 per share. The purpose of program is to acquire treasury shares for fulfilment of the company’s obligations under the group’s share purchase program and long-term incentive schemes for employees. The shares repurchased pursuant to this authorization can also be used as consideration for the acquisition of other businesses, for subsequent sale or redemption by a write-down of the share capital through treasury shares being deleted. The share repurchase program will be valid till December 31, 2025. As of March 12, 2024, the company had 465,497,866 issued shares and 20,873,472 treasury shares. On April 19, 2024, the company initiated a Market Repurchase after receiving approval from Norwegian Financial Supervisory Authority. The program will commence after the release of the first quarter result for 2024. On April 24, 2024, the company announced that it will repurchase up to NOK 1,100 million worth of its shares. The purpose of the share buyback program is to return excess capital to shareholders by reducing the share capital of the company. The program will commence from today and will be valid till December 20, 2024.
Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: kr2.03 (vs kr2.25 in 1Q 2023)First quarter 2024 results: EPS: kr2.03 (down from kr2.25 in 1Q 2023). Revenue: kr37.7b (up 106% from 1Q 2023). Net income: kr905.0m (down 13% from 1Q 2023). Profit margin: 2.4% (down from 5.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
お知らせ • Apr 05Storebrand ASA Announces Cash Dividend for the Year 2023Storebrand ASA announced a cash dividend of NOK 4.1 per share for the year 2023. The ex-date is on 5 April 2024.
Upcoming Dividend • Mar 29Upcoming dividend of kr4.10 per shareEligible shareholders must have bought the stock before 05 April 2024. Payment date: 16 April 2024. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Norwegian dividend payers (7.6%). Lower than average of industry peers (4.9%).
Reported Earnings • Mar 17Full year 2023 earnings released: EPS: kr7.31 (vs kr5.07 in FY 2022)Full year 2023 results: EPS: kr7.31 (up from kr5.07 in FY 2022). Revenue: kr73.9b (up 359% from FY 2022). Net income: kr3.35b (up 41% from FY 2022). Profit margin: 4.5% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Combined ratio: 102.0% (up from 91.0% in FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year.
Recent Insider Transactions • Feb 11Independent Director recently bought kr358k worth of stockOn the 7th of February, Jarle Roth bought around 4k shares on-market at roughly kr89.44 per share. This transaction amounted to 80% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr34m more in shares than they have sold in the last 12 months.
Declared Dividend • Feb 09Dividend increased to kr4.10Dividend of kr4.10 is 11% higher than last year. Ex-date: 5th April 2024 Payment date: 16th April 2024 Dividend yield will be 4.5%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 08Full year 2023 earnings released: EPS: kr7.37 (vs kr5.07 in FY 2022)Full year 2023 results: EPS: kr7.37 (up from kr5.07 in FY 2022). Revenue: kr73.9b (up 359% from FY 2022). Net income: kr3.38b (up 42% from FY 2022). Profit margin: 4.6% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 07Storebrand ASA Proposes Cash Dividend, Payable from 16 April 2024Storebrand ASA proposed cash dividend of NOK 4.10 per share, payable from 16 April 2024, record date of 8 April 2024 and ex-date of 5 April 2024. Date of approval of dividend on 4 April 2024.
お知らせ • Dec 14Storebrand ASA to Report Fiscal Year 2023 Final Results on Mar 14, 2024Storebrand ASA announced that they will report fiscal year 2023 final results on Mar 14, 2024
お知らせ • Nov 02+ 4 more updatesStorebrand ASA to Report Q3, 2024 Results on Oct 23, 2024Storebrand ASA announced that they will report Q3, 2024 results on Oct 23, 2024
Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: kr1.25 (vs kr0.76 in 3Q 2022)Third quarter 2023 results: EPS: kr1.25 (up from kr0.76 in 3Q 2022). Net income: kr567.0m (up 61% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Recent Insider Transactions • Jul 20Independent Director recently bought kr17m worth of stockOn the 18th of July, Fredrik Atting bought around 200k shares on-market at roughly kr86.20 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr35m more in shares than they have sold in the last 12 months.
Reported Earnings • Jul 14Second quarter 2023 earnings released: EPS: kr1.75 (vs kr0.87 in 2Q 2022)Second quarter 2023 results: EPS: kr1.75 (up from kr0.87 in 2Q 2022). Net income: kr810.0m (up 98% from 2Q 2022). Revenue is expected to decline by 102% p.a. on average during the next 2 years, while revenues in the Insurance industry in Europe are expected to grow by 8.0%. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • May 18High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Jarle Roth was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • May 14Group CFO and EVP of Finance recently bought kr139k worth of stockOn the 11th of May, Lars Loddesol bought around 2k shares on-market at roughly kr79.52 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr16m. Lars has been a buyer over the last 12 months, purchasing a net total of kr215k worth in shares.
Recent Insider Transactions • Apr 08Insider recently bought kr16m worth of stockOn the 3rd of April, Fredrik Atting bought around 200k shares on-market at roughly kr81.24 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr30m more in shares than they have sold in the last 12 months.
Upcoming Dividend • Apr 07Upcoming dividend of kr3.70 per share at 4.5% yieldEligible shareholders must have bought the stock before 14 April 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 4.5%. Lower than top quartile of Norwegian dividend payers (8.3%). Lower than average of industry peers (5.1%).
Reported Earnings • Mar 27Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: kr5.07 (down from kr6.68 in FY 2021). Revenue: kr16.1b (down 87% from FY 2021). Net income: kr2.38b (down 24% from FY 2021). Profit margin: 15% (up from 2.6% in FY 2021). The increase in margin was driven by lower expenses. Combined ratio: 91.0% (down from 94.0% in FY 2021). Revenue missed analyst estimates by 44%. Earnings per share (EPS) exceeded analyst estimates by 4.9%. Revenue is forecast to stay flat during the next 2 years compared to a 10% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Recent Insider Transactions • Mar 22Independent Director recently bought kr230k worth of stockOn the 17th of March, Marianne Roren bought around 3k shares on-market at roughly kr76.59 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr14m more in shares than they have sold in the last 12 months.
Reported Earnings • Feb 09Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: kr5.10 (down from kr6.68 in FY 2021). Revenue: kr16.1b (down 87% from FY 2021). Net income: kr2.39b (down 23% from FY 2021). Profit margin: 15% (up from 2.6% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 44%. Earnings per share (EPS) exceeded analyst estimates by 4.9%. Revenue is forecast to stay flat during the next 2 years compared to a 6.5% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 08Storebrand Asa Proposes Ordinary Dividend for 2022, Payable from 25 April 2023The board of Storebrand ASA proposed an ordinary dividend of NOK 3.70 per share for 2022 to the Annual General Meeting, equal to a total amount of NOK 1,718 million. This represents a NOK 0.20 nominal increase compared to the previously paid dividend, corresponding to an increase of 5.7%. Last day including right: 13 April 2023, Ex-date: 14 April 2023, Record date: 17 April 2023, Payment date: from 25 April 2023, Date of approval: 13 April 2023.
お知らせ • Nov 04+ 2 more updatesStorebrand ASA to Report Fiscal Year 2022 Results on Mar 21, 2023Storebrand ASA announced that they will report fiscal year 2022 results on Mar 21, 2023
Major Estimate Revision • Nov 02Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from kr13.7b to kr21.1b. EPS estimate fell from kr4.94 to kr4.81. Net income forecast to grow 3.1% next year vs 4.6% growth forecast for Insurance industry in Norway. Consensus price target broadly unchanged at kr93.56. Share price rose 7.6% to kr81.24 over the past week.
Reported Earnings • Oct 26Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: kr0.82 (down from kr1.28 in 3Q 2021). Revenue: kr6.13b (down 63% from 3Q 2021). Net income: kr386.0m (down 35% from 3Q 2021). Profit margin: 6.3% (up from 3.6% in 3Q 2021). Revenue missed analyst estimates by 40%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Revenue is expected to decline by 23% p.a. on average during the next 2 years, while revenues in the Insurance industry in Europe are expected to grow by 5.8%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Sep 29Group Chief Executive Officer recently bought kr530k worth of stockOn the 27th of September, Odd Grefstad bought around 7k shares on-market at roughly kr75.70 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Odd has been a buyer over the last 12 months, purchasing a net total of kr1.2m worth in shares.
Recent Insider Transactions • Jul 17Independent Director recently bought kr191k worth of stockOn the 14th of July, Martin Skancke bought around 3k shares on-market at roughly kr76.40 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr791k more in shares than they have sold in the last 12 months.
Reported Earnings • Jul 16Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: kr0.87 (down from kr2.51 in 2Q 2021). Revenue: -kr15.9b (down 153% from 2Q 2021). Net income: kr410.0m (down 65% from 2Q 2021). Revenue missed analyst estimates by 40%. Earnings per share (EPS) exceeded analyst estimates by 74%. Over the next year, revenue is expected to shrink by 45% compared to a 18% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year.
Major Estimate Revision • Jul 15Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from kr20.4b to kr14.1b. EPS estimate increased from kr4.89 to kr5.42 per share. Net income forecast to shrink 26% next year vs 1.0% growth forecast for Insurance industry in Norway . Consensus price target down from kr100 to kr96.83. Share price rose 6.4% to kr75.52 over the past week.
Price Target Changed • Jul 14Price target decreased to kr96.83Down from kr105, the current price target is an average from 5 analysts. New target price is 28% above last closing price of kr75.70. Stock is down 3.6% over the past year. The company is forecast to post earnings per share of kr4.89 for next year compared to kr6.68 last year.
Major Estimate Revision • Jul 06Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from kr5.60 to kr4.89 per share. Revenue forecast steady at kr20.4b. Net income forecast to shrink 29% next year vs 1.2% growth forecast for Insurance industry in Norway . Consensus price target down from kr108 to kr103. Share price fell 6.9% to kr67.00 over the past week.
Board Change • May 31High number of new directorsEmployee Representative Director Hanne Grave was the last director to join the board, commencing their role in 2021.
Recent Insider Transactions • May 19Group Chief Executive Officer recently bought kr101k worth of stockOn the 12th of May, Odd Grefstad bought around 1k shares on-market at roughly kr78.79 per share. This was the largest purchase by an insider in the last 3 months. This was Odd's only on-market trade for the last 12 months.
Recent Insider Transactions • May 08Group CFO and EVP of Strategy & Legal recently bought kr84k worth of stockOn the 4th of May, Lars Loddesol bought around 1k shares on-market at roughly kr83.70 per share. This was the largest purchase by an insider in the last 3 months. This was Lars' only on-market trade for the last 12 months.
