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Storebrand ASA (Storebrand ASA) Retained Earnings : $1,490 Mil (As of Mar. 2024)


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What is Storebrand ASA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Storebrand ASA's retained earnings for the quarter that ended in Mar. 2024 was $1,490 Mil.

Storebrand ASA's quarterly retained earnings increased from Sep. 2023 ($1,360 Mil) to Dec. 2023 ($1,521 Mil) but then declined from Dec. 2023 ($1,521 Mil) to Mar. 2024 ($1,490 Mil).

Storebrand ASA's annual retained earnings declined from Dec. 2021 ($1,802 Mil) to Dec. 2022 ($1,622 Mil) and declined from Dec. 2022 ($1,622 Mil) to Dec. 2023 ($1,521 Mil).


Storebrand ASA Retained Earnings Historical Data

The historical data trend for Storebrand ASA's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Storebrand ASA Retained Earnings Chart

Storebrand ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1,802.45 1,622.35 1,520.94

Storebrand ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,590.63 1,348.69 1,359.95 1,520.94 1,489.53

Storebrand ASA Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Storebrand ASA  (OTCPK:SREDF) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Storebrand ASA (Storebrand ASA) Business Description

Traded in Other Exchanges
Address
Professor Kohts vei 9, P.O. Box 474, Lysaker, NOR, N-1327
Storebrand ASA is a Nordic long-term savings and insurance company. The business is divided into nonguaranteed savings, insurance, and guaranteed pensions. The savings segment includes products for retirement savings with no interest rate guarantees. The segment consists of defined contribution pensions in Norway and Sweden, asset management, and retail banking products. The insurance segment provides risk products in Norway and Sweden. It provides health, property & casualty, personal risk products, and employee-related & pension-related insurance. The Guaranteed Pension business area encompasses long-term pension savings products that give customers a guaranteed rate of return.

Storebrand ASA (Storebrand ASA) Headlines

From GuruFocus

Q4 2023 Storebrand ASA Earnings Call Transcript

By GuruFocus Research 02-10-2024