Q4 2025 Storebrand ASA Earnings Call Transcript
Key Points
- Storebrand ASA (SREDF) achieved a record high NOK5.7 billion result for 2025, surpassing their target by 14%.
- The company saw a 26% growth in operational results for the full year, driven by short-tailed insurance and capital-light savings products.
- Return on equity was 16% for the full year, significantly surpassing the target of 14%.
- Storebrand ASA (SREDF) increased dividends by 15% to NOK5.4 per share and plans to conduct NOK2 billion in share buybacks during 2026.
- The company reported double-digit growth across the group, with significant growth in insurance premiums up by 20% from the previous year.
- The solvency margin decreased by 1 percentage point in the quarter, although it remains robust.
- The bank segment delivered a weak fourth quarter due to periodization of loan losses and reduced net interest rate income.
- The Unit Linked business saw a NOK2 billion transfer out in the fourth quarter, which the company is working to address.
- The disability segment in insurance has been underperforming, requiring high double-digit pricing increases to address profitability.
- The guaranteed reserves as a percentage of total reserves continue to fall, indicating a decline in this segment.
Good morning, ladies and gentlemen, and welcome to Storebrand's fourth-quarter and full-year 2025 results presentation. As usual, our CEO, Odd Arild Grefstad will present the key highlights, followed by CFO, Kjetil Krokje, who will dive deeper into the numbers. At the end of the presentation, participants in the team's webinar will have a chance to ask questions. Details on how to join the webinar are found on the investor relations website. But without further ado, I give the word to our CEO, Odd Arild.
Thank you, Johannes, and good morning, everyone. I am excited to share a strong set of results for the fourth quarter today. Before we jump into further details, I will start with a few reflections on the progress we have made in 2025. 2025 was another year of clear progress and strong performance. We achieved a record high NOK5.7 billion result.
This means we surpassed our target outlined in the Capital Markets Day in 2023
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
