Board Change • May 21
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Line Hestvik was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 10
Storebrand ASA Announces Cash Dividend for 2025 Storebrand ASA announced cash dividend of NOK 5.4 per share for 2025. Ex-date is 10 April 2026. Announcement • Feb 11
Storebrand ASA Plans to Propose Cash Dividend for the 2025 Accounting Year, Payable on April 21 , 2026 Storebrand 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. Announcement • Nov 14
Storebrand ASA, Annual General Meeting, Apr 09, 2026 Storebrand ASA, Annual General Meeting, Apr 09, 2026. Announcement • Apr 12
Storebrand ASA Approves Appointment of Nomination Committee Members Storebrand 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. Announcement • Apr 10
Storebrand ASA Announces Cash Dividend for 2024 Storebrand ASA announced cash dividend of NOK 4.7 per share for 2024. Ex-date is 10 April 2025. Announcement • Feb 21
Storebrand ASA Announces Demise of Marianne Bergmann Roren, Independent Director With 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. Announcement • Feb 13
Storebrand Asa Proposes Cash Dividend, Payable from 24 April 2025 Storebrand 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. Announcement • Nov 08
Storebrand ASA, Annual General Meeting, Apr 09, 2025 Storebrand ASA, Annual General Meeting, Apr 09, 2025. Reported Earnings • Oct 24
Third 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 but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Jul 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.0% 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 (1.2% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.0% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (342% cash payout ratio). Reported Earnings • Jul 14
Second 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 whereas the company’s share price has increased by 7% per year. Board Change • May 01
High number of new directors There 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. Announcement • Apr 30
Storebrand 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 25
First 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 whereas the company’s share price has increased by 5% per year. Announcement • Apr 05
Storebrand ASA Announces Cash Dividend for the Year 2023 Storebrand 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 29
Upcoming dividend of kr4.10 per share Eligible 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 German dividend payers (4.8%). In line with average of industry peers (4.1%). Reported Earnings • Mar 17
Full 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 and the company’s share price has also increased by 1% per year. Declared Dividend • Feb 12
Dividend of kr4.10 announced Shareholders will receive a dividend of kr4.10. Ex-date: 5th April 2024 Payment date: 16th April 2024 Dividend yield will be 51%, which is higher than the industry average of 3.8%. 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 08
Full 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 whereas the company’s share price has increased by 6% per year. Announcement • Feb 07
Storebrand ASA Proposes Cash Dividend, Payable from 16 April 2024 Storebrand 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. Announcement • Dec 14
Storebrand ASA to Report Fiscal Year 2023 Final Results on Mar 14, 2024 Storebrand ASA announced that they will report fiscal year 2023 final results on Mar 14, 2024 Reported Earnings • Oct 29
Third 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 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 22
ERGO International AG signed an agreement to acquire a 50% stake in Storebrand Helseforsikring AS from Storebrand ASA. ERGO International AG signed an agreement to acquire a 50% stake in Storebrand Helseforsikring AS from Storebrand ASA on September 21, 2023. Completion of the transaction is subject to approval from the Norwegian Financial Supervisory Authority (NFSA) and the Norwegian Competition Authority. The closing of the transaction is expected in the first quarter of 2024. Recent Insider Transactions • Jul 20
Independent Director recently bought €1.5m worth of stock On the 18th of July, Fredrik Atting bought around 200k shares on-market at roughly €7.63 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 €3.1m more in shares than they have sold in the last 12 months. Reported Earnings • Jul 14
Second 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 Germany are expected to grow by 4.2%. 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 15% per year, which means it is tracking significantly ahead of earnings growth. Board Change • May 17
High number of new directors There 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. Buying Opportunity • Apr 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €8.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 0.4% in 2 years. Earnings is forecast to grow by 36% in the next 2 years. Recent Insider Transactions • Apr 09
Insider recently bought €1.4m worth of stock On the 3rd of April, Fredrik Atting bought around 200k shares on-market at roughly €7.24 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 €2.8m more in shares than they have sold in the last 12 months. Upcoming Dividend • Apr 08
Upcoming dividend of kr3.70 per share at 4.5% yield Eligible 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 German dividend payers (4.8%). In line with average of industry peers (4.5%). Reported Earnings • Mar 27
Full year 2022 earnings released: EPS: kr5.07 (vs kr6.68 in FY 2021) Full 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 is forecast to stay flat during the next 2 years compared to a 5.6% growth forecast for the Insurance industry in Germany. 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 25% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Mar 17
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €8.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 0.4% in 2 years. Earnings is forecast to grow by 32% in the next 2 years. Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: kr5.07 (vs kr6.68 in FY 2021) Full 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 is forecast to stay flat during the next 2 years compared to a 4.3% growth forecast for the Insurance industry in Germany. 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 5% per year, which means it is significantly lagging earnings growth. Announcement • Feb 08
Storebrand Asa Proposes Ordinary Dividend for 2022, Payable from 25 April 2023 The 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. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: kr0.82 (vs kr1.28 in 3Q 2021) Third 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 is expected to decline by 21% p.a. on average during the next 2 years, while revenues in the Insurance industry in Germany are expected to grow by 4.1%. 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 29
Group Chief Executive Officer recently bought €51k worth of stock On the 27th of September, Odd Grefstad bought around 7k shares on-market at roughly €7.30 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €52k. Odd has been a buyer over the last 12 months, purchasing a net total of €112k worth in shares. Announcement • Sep 07
Storebrand ASA (OB:STB) entered into an agreement to acquire Kron As. Storebrand ASA (OB:STB) entered into an agreement to acquire Kron As for NOK 400 million on September 5, 2022. The transaction is subject to regulatory approval as well as certain other customary transaction conditions and is expected to conclude in the fourth quarter of 2022. Advokatfirmaet Thommessen AS acts as the legal adviser and EY as the financial due diligence advisor for Storebrand ASA. Announcement • Sep 01
Storebrand ASA Announces Managing Director Changes Vivi Måhede Gevelt has been named the new Managing Director of Storebrand Livsforsikring AS and Executive Vice President of Storebrand Group for thecorporate customer segment in Norway. Vivi has 15 years of experience in Storebrand and has most recently been the Head of Customer Service and Claims. Vivi replaces Geir Holmgren who will begin as the new CEO of Gjensidige. Recent Insider Transactions • Jul 19
Group Chief Executive Officer recently bought €52k worth of stock On the 14th of July, Odd Grefstad bought around 7k shares on-market at roughly €7.36 per share. 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 €61k worth in shares. Reported Earnings • Jul 16
Second quarter 2022 earnings released: EPS: kr0.87 (vs kr2.51 in 2Q 2021) Second 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). Over the next year, revenue is expected to shrink by 45% compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year. Board Change • May 31
High number of new directors Employee Representative Director Hanne Grave was the last director to join the board, commencing their role in 2021. Announcement • May 31
Storebrand ASA Announces Managing Director Changes Storebrand ASA announced that Geir Holmgren has resigned from his position as Managing Director of Storebrand Livsforsikring AS and Executive Vice President of the Storebrand Group to begin as the new CEO of Gjensidige. Holmgren will leave his position in Storebrand on Friday the 3 June 2022. Recruitment to fill his position is in progress. Lars Aa. Løddesøl will become interim Managing Director of Storebrand Livsforsikring AS while also maintaining his position as Group CFO of Storebrand. Reported Earnings • May 08
First quarter 2022 earnings released: EPS: kr1.88 (vs kr0.94 in 1Q 2021) First quarter 2022 results: EPS: kr1.88 (up from kr0.94 in 1Q 2021). Revenue: -kr5.09b (down 114% from 1Q 2021). Net income: kr884.0m (up 100% from 1Q 2021). Over the next year, revenue is expected to shrink by 73% compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Board Change • Apr 27
High number of new directors Employee Representative Director Hanne Grave was the last director to join the board, commencing their role in 2021. Upcoming Dividend • Mar 31
Upcoming dividend of kr3.50 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 21 April 2022. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of German dividend payers (3.7%). Lower than average of industry peers (4.5%). Reported Earnings • Mar 17
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr6.68 (up from kr5.02 in FY 2020). Revenue: kr119.2b (up 47% from FY 2020). Net income: kr3.12b (up 33% from FY 2020). Profit margin: 2.6% (down from 2.9% in FY 2020). The decrease in margin was driven by higher expenses. Combined ratio: 94.0% (down from 97.0% in FY 2020). Revenue exceeded analyst estimates by 171%. Over the next year, revenue is expected to shrink by 82% compared to a 21% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Feb 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr6.68 (up from kr5.02 in FY 2020). Revenue: kr119.8b (up 48% from FY 2020). Net income: kr3.12b (up 33% from FY 2020). Profit margin: 2.6% (down from 2.9% in FY 2020). The decrease in margin was driven by higher expenses. Combined ratio: 94.0% (down from 97.0% in FY 2020). Revenue exceeded analyst estimates by 171%. Over the next year, revenue is expected to shrink by 83% compared to a 15% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Feb 09
Storebrand ASA Proposes Cash Dividend, Payable from 21 April 2022 Storebrand ASA proposes cash dividend of NOK 3.50 per share to the Annual General Meeting for 2021, payable from 21 April 2022. Ex-date is 7 April 2022 and Record date is 8 April 2022. Announcement • Dec 22
Storebrand ASA agreed to acquire Pension Operations of Danica Pension from Danica Pension, Livsforsikringsaktieselskab. Storebrand ASA agreed to acquire Pension Operations of Danica Pension from Danica Pension, Livsforsikringsaktieselskab on December 20, 2021. This is not expected to impact the net profit of Danske Bank A/S in 2021, as the payment of the purchase price awaits completion of the transaction. The sale is subject to the approval of the Norwegian Financial Supervisory Authority and the Norwegian Competition Authority. The sale is expected in the first half of 2022. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS kr1.28 (vs kr1.63 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: kr16.6b (down 37% from 3Q 2020). Net income: kr598.0m (down 22% from 3Q 2020). Profit margin: 3.6% (up from 2.9% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Board Change • Oct 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director Hanne Grave was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jul 23
Independent Director recently bought €19k worth of stock On the 14th of July, Martin Skancke bought around 3k shares on-market at roughly €7.63 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.1m more in shares than they have sold in the last 12 months. Reported Earnings • Jul 18
Second quarter 2021 earnings released: EPS kr2.51 (vs kr0.96 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: kr29.4b (down 28% from 2Q 2020). Net income: kr1.17b (up 161% from 2Q 2020). Profit margin: 4.0% (up from 1.1% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Apr 30
Fabritius Gruppen AS agreed to acquire Værdalsbruket AS from Storebrand ASA (OB:STB). Fabritius Gruppen AS agreed to acquire Værdalsbruket AS from Storebrand ASA (OB:STB) on April 28, 2021. The completion of the transaction is expected to take place ultimo May 2021. Danske Bank A/S, Norway Branch acted as financial advisor and Advokatfirmaet Haavind acted as legal advisor for Storebrand ASA. Executive Departure • Apr 13
Independent Director has left the company On the 8th of April, Laila Dahlen's tenure as Independent Director ended after 8.1 years in the role. As of December 2020, Laila personally held 15.50k shares (€93k worth at the time). Laila is the only executive to leave the company over the last 12 months. Upcoming Dividend • Apr 03
Upcoming dividend of kr3.25 per share Eligible shareholders must have bought the stock before 09 April 2021. Payment date: 20 April 2021. Trailing yield: 3.8%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (4.0%). Reported Earnings • Mar 20
Full year 2020 earnings released: EPS kr5.02 (vs kr4.43 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: kr81.0b (down 7.3% from FY 2019). Net income: kr2.35b (up 13% from FY 2019). Profit margin: 2.9% (up from 2.4% in FY 2019). The increase in margin was driven by lower expenses. Combined ratio: 97.0% (up from 91.0% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Mar 19
Storebrand ASA Proposes Dividend for the Year 2020 Storebrand ASA at the AGM to be held on April 6, 2021, proposed dividend of NOK 3.25 per share for the year 2020. Recent Insider Transactions • Feb 25
Group Chief Executive Officer recently bought €170k worth of stock On the 22nd of February, Odd Grefstad bought around 24k shares on-market at roughly €7.01 per share. 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 €348k worth in shares. Is New 90 Day High Low • Feb 13
New 90-day high: €6.89 The company is up 25% from its price of €5.50 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.61 per share. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS kr5.02 (vs kr4.43 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: kr81.0b (down 7.3% from FY 2019). Net income: kr2.35b (up 13% from FY 2019). Profit margin: 2.9% (up from 2.4% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 08
New 90-day high: €6.36 The company is up 33% from its price of €4.78 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.96 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €5.58 The company is up 11% from its price of €5.02 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.56 per share. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 18% share price gain to kr5.58, the stock is trading at a trailing P/E ratio of 13x, up from the previous P/E ratio of 11x. This compares to an average P/E of 12x in the Insurance industry in Germany. Total return to shareholders over the past three years is a loss of 12%. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of kr2.15b, down 34% from the prior year. Total revenue was kr71.5b over the last 12 months, up 18% from the prior year. Announcement • Oct 05
Storebrand ASA to Report Q4, 2009 Results on 02/17/2010 Storebrand ASA announced that they will report Q4, 2009 results at 7 : 30,CET-Central European on 02/17/2010 Announcement • Oct 04
Vestland County Chooses Storebrand as New Pension Provider Storebrand will be the new provider of public occupational pensions for Vestland County, a contract that includes more than 11 000 current and former employees and an expected transfer of NOK 3.7 billion in assets. The contract will be transferred to Storebrand at the turn of the year. 
