Storebrand ASA
SREDY
Other OTC31.66
USD
- -
- -
ISIN
US8621251011
CUSIP
862125101
Return %
Stock
S&P500
1Y
45.90
26.53
3Y
108.43
76.60
5Y
193.42
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Odd Arild Grefstad
- Full Time Employees
- 2,324
- Sector
- Financial Services
- Industry
- Financial - Conglomerates
- Address
- Professor Kohts vei 9 Lysaker Norway 1327
- IPO Date
- Nov 3, 2010
- Website
- storebrand.no
- Similar Companies
- Business
- Storebrand ASA operates as a leading provider of long-term savings, insurance, and pension products primarily targeting the Nordic market. Founded in 1767 and headquartered in Norway, the company offers a comprehensive range of financial services organized through four main segments: savings, insurance, guaranteed pensions, and other services. Storebrand's savings segment includes retirement savings without interest rate guarantees, defined contribution pension plans, asset management, and retail banking products. The insurance segment provides property and casualty insurance, life insurance for individuals, disability insurance, and business life and health insurance. The guaranteed pension segment manages pension funds with interest rate guarantees. The company services individual and corporate clients across Norway, Sweden, Finland, Denmark, the United Kingdom, Germany, Luxembourg, and Ireland. Storebrand Asset Management forms a core part of the business, managing approximately NOK 1,469 billion in assets, including the recent integration of majority-owned Danish infrastructure fund manager AIP Management and expansion into alternative investments and private equity. The company also operates Storebrand Bank, which offers loans, savings, and mobile banking. Recent major developments include the completion of the first acquisition by its Storebrand Real Estate Fund II in the Danish residential market, significantly strengthening its Nordic real estate presence. Storebrand has extended a long-term strategic partnership with Cognizant to enhance its IT development and business processes, focusing on digital transformation and customer experience optimization. The group completed the internal merger of Storebrand Bank ASA with the fintech company Kron AS as part of regulatory integration steps. Additionally, the company experienced strong growth in insurance premiums and asset management fee income in 2024, driven by increased demand and strategic price adjustments. Storebrand's business strategy emphasizes sustainability and expansion of its offerings in institutional and retail markets beyond the Nordics, focusing on multi-asset and sustainable investment solutions. The group employs over 2,300 people and serves more than 2 million customers primarily in Norway and Sweden. Its recent business moves underline a commitment to expanding its asset management footprint across Europe, enhancing pension products, and increasing operational efficiency through technology partnerships.
Storebrand ASA (SREDY) Q1 2026 Earnings Call Transcript