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Storebrand ASA provides insurance products and services in Norway, the United States, Germany, Sweden, the United Kingdom, and internationally. It operates through four segments: Savings, Insurance, Guaranteed Pensions, and Other. The Savings segment offers retirement savings, defined contribution pensions, asset management, and retail banking products. The Insurance segment provides personal insurance, non-life insurance, personal risk, and pension-related insurance products. The Guaranteed Pensions segment offers long-term pension savings products, such as defined contribution pensions, paid-up policies, and individual capital and pension insurance products. The Other segment provides life insurance products. The company serves private individuals, businesses, public enterprises, and corporate and retail markets. Storebrand ASA was founded in 1767 and is headquartered in Lysaker, Norway.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Storebrand ASA is a Norway-based pension and life insurance company providing corporate and retail pensions, savings products and asset management services across the Nordic market. Long-term growth drivers include demographic trends supporting retirement savings, recurring fee income from asset management, potential margin improvement from higher interest rates and continued adoption of digital and sustainable investment solutions, and the company appears positioned to benefit from these secular trends. Investors should monitor material risks from market and interest-rate sensitivity that affect asset values and reserves, regulatory and longevity risk in pensions, competitive pressure in Nordic financial services, and limited ADR liquidity.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 6056.00M | 6643.00M | 3294.00M | 2120.00M | 3976.00M |
| Minority interest | 23.00M | 1.00M | - | - | - |
| Net income | 5046.00M | 5523.00M | 3378.00M | 2390.00M | 3130.00M |
| Gross profit | -3419.00M | 10438.00M | -31.00M | -27951.00M | 69207.00M |
| Reconciled depreciation | 433.00M | 424.00M | 1096.00M | 957.00M | 856.00M |
| Ebit | 9475.00M | 10617.00M | 6279.00M | 3602.00M | 1828.00M |
| Ebitda | 9908.00M | 11041.00M | 6745.00M | 4559.00M | 2684.00M |
| Depreciation and amortization | 433.00M | 424.00M | 466.00M | 957.00M | 856.00M |
| Operating income | 6056.00M | 6645.00M | 3294.00M | 3602.00M | 1828.00M |
| Other operating expenses | 6056.00M | 7769.00M | 340.00M | -30071.00M | 65234.00M |
| Interest expense | 3419.00M | 3974.00M | 2985.00M | 1482.00M | 777.00M |
| Tax provision | 1033.00M | 1121.00M | -29.00M | -270.00M | 846.00M |
| Interest income | 16946.00M | 14412.00M | 2954.00M | 10458.00M | 10090.00M |
| Net interest income | -3419.00M | -3974.00M | -2756.00M | -1482.00M | -777.00M |
| Income tax expense | 1033.00M | 1121.00M | -84.00M | -270.00M | 846.00M |
| Total revenue | 77315.00M | 14412.00M | 2954.00M | -27951.00M | 69207.00M |
| Total operating expenses | -9475.00M | 3795.00M | -3325.00M | 31553.00M | -67379.00M |
| Cost of revenue | 3419.00M | 3974.00M | 2985.00M | - | - |
| Total other income expense net | 11427.00M | -2.00M | 3753.00M | -1482.00M | 2148.00M |
| Net income from continuing ops | 5023.00M | 5522.00M | 2939.00M | 2390.00M | 3130.00M |
| Net income applicable to common shares | - | - | - | 2376.00M | 3121.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 988183.00M | 905447.00M | 896940.00M | 781184.00M | 774790.00M |
| Intangible assets | 2223.00M | 2672.00M | 2609.00M | 4385.00M | 3903.00M |
| Other current assets | -9915.00M | -49831.00M | 62914.00M | 14668.00M | 3864.00M |
| Total liab | 954595.00M | 873334.00M | 867409.00M | 743248.00M | 737081.00M |
| Total stockholder equity | 33210.00M | 31712.00M | 29531.00M | 37936.00M | 37709.00M |
| Other current liab | -246.00M | 4203.00M | 40306.00M | -288.00M | -286.00M |
| Common stock | 2177.00M | 2240.00M | 2327.00M | 2360.00M | 2360.00M |
| Capital stock | 2177.00M | 2240.00M | 2327.00M | 2360.00M | 2360.00M |
| Retained earnings | 1924.68M | 18347.00M | 16045.00M | 23526.00M | 23250.00M |
| Other liab | - | - | - | - | 90280.00M |
| Good will | 4062.00M | 4049.00M | 3446.00M | 2954.00M | 2764.00M |
| Other assets | - | 996811.00M | -703965.00M | 175738.00M | 169549.00M |
| Cash | 16126.00M | 9241.00M | 13916.00M | 14511.00M | 9986.00M |
| Total current liabilities | 2052.00M | 8617.00M | 41571.00M | 288.00M | 286.00M |
| Current deferred revenue | - | - | 676.00M | - | - |
| Net debt | 46408.00M | 44650.00M | 38523.00M | 30377.00M | 28091.00M |
| Short term debt | 2052.00M | 3415.00M | 283.00M | - | - |
| Short long term debt | 2052.00M | 3415.00M | 283.00M | - | - |
| Short long term debt total | 62534.00M | 53891.00M | 52439.00M | 44888.00M | 38077.00M |
| Other stockholder equity | 31033.00M | 11125.00M | 11159.00M | 35576.00M | 35349.00M |
| Property plant equipment | - | - | - | 2863.00M | 2925.00M |
| Total current assets | 16126.00M | 21990.00M | 62649.00M | 14511.00M | 9986.00M |
| Long term investments | 797032.00M | 728742.00M | 642189.00M | 579443.00M | 584559.00M |
| Net tangible assets | - | - | - | - | 33173.00M |
| Short term investments | - | - | 13916.00M | - | - |
| Net receivables | 9915.00M | 12749.00M | 48733.00M | 8520.00M | 11662.00M |
| Long term debt | 60482.00M | 50476.00M | 52439.00M | 43779.00M | 36867.00M |
| Accounts payable | 246.00M | 343.00M | 306.00M | 288.00M | 286.00M |
| Accumulated other comprehensive income | - | 353.00M | 408.00M | - | - |
| Non currrent assets other | 843849.00M | 767156.00M | 728119.00M | -590935.00M | -595255.00M |
| Non current assets total | 972057.00M | 883457.00M | 834291.00M | 590935.00M | 595255.00M |
| Capital lease obligations | - | - | - | 1109.00M | 1210.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -654.00M | -664.00M | -3173.00M | -4.00M |
| Change to liabilities | - | - | - | 0.00M | 0.00M |
| Total cashflows from investing activities | -149.00M | -654.00M | -640.00M | -3173.00M | 111.00M |
| Net borrowings | 8403.00M | 1321.00M | 7950.00M | - | 7463.00M |
| Total cash from financing activities | 2019.00M | -4828.00M | 2648.00M | 3563.00M | 4043.00M |
| Change to operating activities | - | - | - | -39955.00M | -8839.00M |
| Net income | 5046.00M | 5523.00M | 3350.00M | 2390.00M | 3130.00M |
| Change in cash | 6855.00M | -3083.00M | 435.00M | 1070.00M | 733.00M |
| Begin period cash flow | 12022.00M | 15105.00M | 14619.00M | 3611.00M | 2878.00M |
| End period cash flow | 18877.00M | 12022.00M | 15054.00M | 4681.00M | 3611.00M |
| Total cash from operating activities | 4714.00M | 2336.00M | -1255.00M | 3347.00M | -3489.00M |
| Issuance of capital stock | 85.00M | 65.00M | 175.00M | 145.00M | 44.00M |
| Depreciation | - | - | 466.00M | 957.00M | 856.00M |
| Other cashflows from investing activities | -1.00M | -1.00M | -168.00M | 1.00M | 1.00M |
| Dividends paid | 2028.00M | 1817.00M | 1741.00M | -1646.00M | -1513.00M |
| Sale purchase of stock | -1501.00M | -1555.00M | -1670.00M | -500.00M | -144.00M |
| Other cashflows from financing activities | -2940.00M | -2842.00M | -2191.00M | 26993.00M | 9984.00M |
| Change to netincome | - | - | - | - | 1376.00M |
| Capital expenditures | 122.00M | 1687.00M | 127.00M | 137.00M | 292.00M |
| Change in working capital | - | -2646.00M | -44252.00M | - | - |
| Other non cash items | 4714.00M | 4982.00M | 39647.00M | -3347.00M | -3986.00M |
| Free cash flow | 4592.00M | 649.00M | -1382.00M | 3210.00M | -3781.00M |
Sector: Financial Services Industry: Financial Conglomerates
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| SREDY Storebrand ASA ADR |
- -% |
38.80 | 17.65 | 14.24 | 0.08 | 2.61 | 1.01 |
| SBHGF SBI Holdings Inc |
0.20 1.12% |
18.00 | 5.19 | 13.76 | 0.01 | 1.13 | 1.85 |
| CGXYF China Galaxy Securities Co. Ltd |
0.02 2.28% |
1.00 | 9.09 | 11.45 | 0.34 | 0.56 | 12.31 |
| FRHC Freedom Holding Corp |
- -% |
178.85 | 7771.00 | 12.29 | 6.39 | 7.07 | 4.34 |
| VOYA Voya Financial Inc |
0.61 0.62% |
99.01 | 12.16 | 8.29 | 1.09 | 2.46 | 1.63 |
Storebrand ASA provides insurance products and services in Norway, the United States, Germany, Sweden, the United Kingdom, and internationally. It operates through four segments: Savings, Insurance, Guaranteed Pensions, and Other. The Savings segment offers retirement savings, defined contribution pensions, asset management, and retail banking products. The Insurance segment provides personal insurance, non-life insurance, personal risk, and pension-related insurance products. The Guaranteed Pensions segment offers long-term pension savings products, such as defined contribution pensions, paid-up policies, and individual capital and pension insurance products. The Other segment provides life insurance products. The company serves private individuals, businesses, public enterprises, and corporate and retail markets. Storebrand ASA was founded in 1767 and is headquartered in Lysaker, Norway.
| Name | Title | Year Born |
|---|---|---|
| Mr. Odd Arild Grefstad | Group Chief Exec. Officer | 1965 |
| Mr. Lars Aasulv Loddesol | Group CFO, Interim MD of Storebrand Livsforsikring AS and EVP of Strategy & Legal | 1964 |
| Ms. Karin Greve-Isdahl Flaa | Exec. VP of Communications, Sustainability & Public Affairs | 1979 |
| Ms. Tove Selnes | Exec. VP of People | 1969 |
| Ms. Heidi Skaaret | Exec. VP of Retail | 1961 |
| Mr. Trygve Hakedal | Exec. VP of Digital | 1979 |
| Mr. Jan Erik Saugestad | Chief Exec. Officer of Storebrand Asset Management | 1965 |
| Mr. Daniel Sundahl | Head of Investor Relations & Rating | NA |
| Mr. Faisal Khan | Sr. VP and Head of M&A | NA |
| Ms. Jenny Rundbladh | Exec. VP of Commercial Sweden | 1977 |
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