Storebrand ASA
STB.OL
Oslo Stock Exchange173.00
NOK
+2.20
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Storebrand ASA
STB.OL
(Oslo Stock Exchange)
Recent
price
173.00
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Storebrand ASA is a leading Norwegian financial services company specializing in insurance, pension, and asset management. The company offers a comprehensive range of products and services including life insurance, disability insurance, property and casualty insurance, corporate and retail health insurance, and employer’s liability insurance. It provides pension products such as defined contribution pensions in Norway and Sweden, guaranteed occupational pension schemes, independent personal pensions, and pension insurance. Storebrand also operates in asset management, managing equities, fixed income, and alternative investments, alongside banking services including loans, savings products, and mobile banking through its subsidiary Storebrand Bank. The company’s operations extend primarily across Norway, Sweden, and other Nordic countries, with distribution and client activity expanding into the UK, France, and continental Europe. Storebrand was founded in 1767 and is headquartered in Bærum, Norway. Recent major developments include the acquisition of a majority stake in AIP Management, a Danish infrastructure fund manager, strengthening Storebrand’s position in sustainable infrastructure investments. The company reported record assets under management reaching NOK 1,469 billion by the end of 2024 and experienced significant inflows in alternative asset classes, reflecting a strategic expansion into sustainable and diversified investments. Storebrand Asset Management achieved full platform coverage for its SICAV fund range in the UK, enhancing accessibility to UK wealth managers and independent financial advisors. The company maintains a strong focus on sustainability and governance, exemplified by its recognition on the CDP’s A List Europe for climate-related transparency and actions. Additionally, Storebrand continues to execute a substantial share buyback program and aims to increase dividends, signaling robust financial health and shareholder value creation. Storebrand organizes its business into four main segments: Savings, comprising defined contribution pensions and retail banking products; Insurance, including personal and corporate life, health, and non-life insurance; Guaranteed Pensions, offering occupational pension schemes and pension insurance; and Other segments involving group subsidiaries. The company targets institutional and retail customers, emphasizing pension management, risk protection, and sustainable financial solutions across the Nordic and selected European markets. Storebrand has approximately 2,300 employees and operates through subsidiaries such as Storebrand Livsforsikring AS and Storebrand Forsikring AS. It remains one of the largest life insurance providers in Norway with a pronounced strategic commitment to sustainability, digital innovation, and expanding its international footprint through partnerships and asset acquisitions in 2024 and 2025. This description reflects the latest comprehensive overview of Storebrand ASA including its core products, services, geographic reach, and recent strategic developments as of late 2025.