Storebrand delivers record-strong Q3, driven by double-digit growth

Storebrand ASA announced a record-strong operational result of NOK 1,091 million for the third quarter of 2025, a 16% increase year-on-year, primarily due to outstanding performance in its Insurance segment. The group's profit reached NOK 1,586 million, with an annualised return on equity of 19%, reflecting continued growth and improved insurance profitability. Fee and administration income grew to NOK 2,124 million, while insurance premiums increased by 20%, driven by repricing and strong volume, pushing portfolio premiums past NOK 10 billion.

The company's combined ratio for insurance improved to 89% from 94% in Q3 2024, exceeding the 90-92% ambition. Storebrand's new "VEL" concept, aimed at reducing long-term sick leave, is being integrated into disability insurance products. Assets under management reached NOK 1,561 billion, up 16% since Q3 2024, supported by NOK 16 billion in net inflows during the quarter.

Storebrand maintains a strong capital position with a solvency ratio of 195%, well above its 175% threshold for overcapitalisation. The company plans NOK 1.5 billion in share buybacks for 2025, with NOK 342 million remaining for Q4. A Capital Markets Day on December 10, 2025, will reveal updated strategic and financial ambitions.