- Business
- Storebrand ASA, founded in 1767 and headquartered in Lysaker, Norway, serves as the holding company for a leading Nordic financial group offering comprehensive savings, pension, insurance, banking and asset management solutions to private individuals, corporates, public sector entities and institutional investors across Norway, Sweden, Denmark, the United Kingdom, Finland, Germany, Luxembourg and Ireland. The company operates through four primary segments; the Savings segment provides defined contribution pensions, retirement savings without interest rate guarantees, asset management services, retail banking products and unit-linked solutions including owned pension accounts; the Insurance segment delivers personal risk insurance, non-life insurance, health and accident coverage, employer's liability insurance and pension-related products in retail and corporate markets; the Guaranteed Pensions segment offers long-term guaranteed-return products such as occupational pensions, paid-up policies and individual capital and pension insurance; while the Other segment encompasses life insurance and smaller group subsidiaries. Storebrand Asset Management manages approximately NOK 1,500 billion in assets with a focus on sustainable investments across equities, fixed income, real estate, infrastructure, private equity and private debt. Recent developments include the 2024 completion of a majority 60% stake acquisition in Danish infrastructure fund manager AIP Management P/S for DKK 215 million, enhancing its alternatives platform with EUR 8 billion in commitments and bolstering infrastructure capabilities through partnerships with PKA and PenSam; the October 2025 launch of Storebrand Nordic Real Estate Fund II targeting EUR 300 million with two-thirds already committed following the near-full investment of its predecessor fund; an internal group merger of Storebrand Bank ASA with fintech Kron AS finalized in late 2024 pending regulatory approval; a new distribution partnership with Danske Bank for Swedish pensions; ongoing share buyback programs totaling NOK 1.5 billion in 2025; and strong growth in retail insurance premiums up 26% and bank lending to NOK 95 billion, underpinned by record Q3 2025 profits of NOK 1,586 million.