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Last $4.33 USD
Change Today 0.00 / 0.00%
Volume 0.0
SREDF On Other Exchanges
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As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

storebrand asa (SREDF) Snapshot

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09/19/14 - $5.96
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02/3/15 - $3.18
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storebrand asa (SREDF) Details

Storebrand ASA, through its subsidiaries, provides life insurance and pension-related insurance products and services for private individuals, companies, municipalities, and public sector entities in Norway and Sweden. It operates through Savings, Insurance, Guaranteed Pension, and Other segments. The Savings segment offers non-guaranteed pension products, asset management, and retail banking products and services. The Insurance segment provides health insurance, property and casualty insurance and personal risk products, and employee and pensions-related insurance products to the corporate and retail markets. The Guaranteed Pension segment offers long-term pension savings products, such as defined benefit pensions, paid-up policies, and individual capital and pension insurance products. The Other segment provides life insurance products; and loans to commercial market. Storebrand ASA was founded in 1767 and is headquartered in Lysaker, Norway.

2,232 Employees
Last Reported Date: 03/20/15
Founded in 1767

storebrand asa (SREDF) Top Compensated Officers

Chief Executive Officer and Managing Director
Total Annual Compensation: 6.7M NOK
Group Chief Financial Officer
Total Annual Compensation: 4.2M NOK
Chief Operating Officer
Total Annual Compensation: 3.9M NOK
Managing Director of SPP
Total Annual Compensation: 6.4M NOK
Chief Commercial Officer
Total Annual Compensation: 5.8M NOK
Compensation as of Fiscal Year 2014.

storebrand asa (SREDF) Key Developments

Storebrand ASA Announces Board Appointments

Storebrand ASA announced at the board meeting held on May 26, 2015. The company appointed Nils Are Karstad Lys and Karin Bing Orgland as new Board members. Nils Are Karstad Lys has many years of experience as a partner in McKinsey & Company, mainly with projects within the banking and finance sector in Norway, Sweden, Switzerland and Italy. He has also been executive vice president in Aker group, followed by five years as CFO and CEO of Moods of Norway. Lys is currently managing director at The Norwegian Opera and Ballet in Oslo. Karin Bing Orgland has many years of experience in the banking and insurance sector, both private and corporate customers, mainly from corporate management in DNB and DNB Life. She is self-employed with the Board of several major companies.

Storebrand ASA Announces Earnings Results for the First Quarter Ended March 31, 2015

Storebrand ASA announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company delivered a group result of NOK 450 million. The income grew significantly, mid 6.6% adjusted for corporate banking and public sector pension in run off. This is driven by strong sales and results. Strong sales in unit-linked pension and external customer inflows has, together with strong markets, increased assets under management with 13% compared to last year and 4% in the quarter. The company experienced strong sales in insurance in the quarter with 72,000 new customers, both from the agreement with Akademikerne and also from other customers. In total, the company reported 13% growth in written premiums. Net premium income was NOK 8,226 million against NOK 8,416 million a year ago. Total income was NOK 23,246 million against NOK 16,049 million a year ago. Group pre-tax profit was NOK 346 million against NOK 617 million a year ago. Profit for the period was NOK 258 million against NOK 509 million a year ago. Earnings per ordinary share were 0.55 against 1.13 a year ago. Net cash outflow from operational activities was NOK 2,475 million against cash inflow from operational activities of NOK 1,367 million a year ago. Net payments for purchase of fixed assets were NOK 95 million against NOK 48 million a year ago. ROE was 6.0% against NOK 11.4% a year ago. Earnings per share adjusted for amortisation of intangible assets were NOK 0.78 against NOK 1.38 a year ago.

Storebrand ASA, Q1 2015 Earnings Call, Apr 29, 2015

Storebrand ASA, Q1 2015 Earnings Call, Apr 29, 2015


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