Storebrand targets significant growth and capital distribution by 2035

Storebrand ASA announced updated financial targets for its 2026-2028 strategy period and strategic positioning towards 2035 at its Capital Markets Day. Key targets include an increased return on equity from 14% to 17% by 2028 and a rise in Group result from NOK 5 billion in 2025 to NOK 7 billion in 2028. The company also aims for double-digit annual dividend growth through 2028 and plans to buy back NOK 2 billion in shares in 2026, followed by NOK 1.5 billion annually until 2030, subject to regulatory approval.

Beyond 2028, Storebrand expects continued solid growth, with an ambition for return on equity above 20% by 2035. The Group aims to distribute over NOK 12 billion in capital through share buybacks by 2030. These targets are supported by ambitions across business areas: over 10% annual growth in asset management and unit-linked earnings, 5-10% annual lending growth in retail banking with a 1.2% net interest margin, and over 10% annual growth in insurance portfolio premiums with a combined ratio of 90% or lower.

chief executive Odd Arild Grefstad emphasized the company's strong foundation, driven by solid growth and customer satisfaction, enabling it to pursue new ambitions. Storebrand is strategically adapting to demographic shifts and accelerated digitalization with AI, aiming to strengthen its position as a leading Nordic Savings and Insurance Group through increased scalability and an enhanced digital customer experience.