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Storebrand

ISIN: NO0003053605 | Ticker: STB | LEI: 5967007LIEEXZX7NA051
Sector: FinancialsSub-Industry: Multi-line Insurance
Country: Norway

About Storebrand

Company Description

Storebrand is a Nordic financial group, headquartered in Oslo, Norway. We offer pension, savings, insurance and banking products to individuals, businesses, and public enterprises. Today, we are one of the largest private asset managers in the Nordic region, with over NOK 1,000 billion invested in more than 5,000 companies around the world.

Storebrand's history dates back to 1767. The Group has offered occupational pensions since 1917, 50 years before the National Insurance Scheme was established in Norway.

As a significant asset owner, insurer, and asset manager, we see great economic opportunities in the alignment of investment portfolios to a sustainable agenda. In the long term, we believe this will result in higher returns for our customers.

Year founded

1767

Served area

Worldwide

Headquarters

Postboks 500, 1327 Lysaker – Norway

Financial statements

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Line item in (nok) 02.01.2019 01.01.2020 02.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A N/A N/A 727,763,000,000.00 775,885,000,000.00 781,184,000,000.00
Property Plant And Equipment N/A N/A N/A 1,397,000,000.00 1,266,000,000.00 1,174,000,000.00
Intangible Assets Other Than Goodwill N/A N/A N/A 6,303,000,000.00 6,667,000,000.00 7,339,000,000.00
Noncurrent Biological Assets N/A N/A N/A 67,000,000.00 N/A N/A
Deferred Tax Assets N/A N/A N/A 1,780,000,000.00 1,104,000,000.00 1,289,000,000.00
Cash and cash equivalents 3,160,000,000.00 N/A 2,878,000,000.00 2,878,000,000.00 3,611,000,000.00 4,681,000,000.00
Equity And Liabilities N/A N/A N/A 727,763,000,000.00 775,885,000,000.00 781,184,000,000.00
Equity N/A 33,398,000,000.00 N/A 35,923,000,000.00 37,709,000,000.00 37,935,000,000.00
Retained Earnings N/A N/A N/A 22,839,000,000.00 24,291,000,000.00 24,445,000,000.00
Liabilities N/A N/A N/A 691,840,000,000.00 738,177,000,000.00 743,249,000,000.00
Noncurrent Payables N/A N/A N/A 1,355,000,000.00 1,210,000,000.00 1,120,000,000.00
Deferred Tax Liabilities N/A N/A N/A 849,000,000.00 832,000,000.00 1,363,000,000.00
Trade And Other Current Payables N/A N/A N/A 16,209,000,000.00 14,643,000,000.00 10,630,000,000.00
Line item in (nok) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 81,031,000,000.00 119,781,000,000.00 16,101,000,000.00
Insurance Revenue 44,188,000,000.00 53,681,000,000.00 48,870,000,000.00
Other Income 4,109,000,000.00 5,698,000,000.00 4,913,000,000.00
Amortisation Expense 492,000,000.00 527,000,000.00 596,000,000.00
Other Expense By Nature 826,000,000.00 836,000,000.00 497,000,000.00
Insurance Service Expenses From Insurance Contracts Issued 29,531,000,000.00 52,529,000,000.00 39,677,000,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method 52,000,000.00 30,000,000.00 -20,000,000.00
Profit Loss Before Tax 2,219,000,000.00 3,976,000,000.00 2,120,000,000.00
Income Tax Expense Continuing Operations -136,000,000.00 846,000,000.00 -270,000,000.00
Profit (loss) 2,355,000,000.00 3,130,000,000.00 2,390,000,000.00
Profit Loss Attributable To Owners Of Parent 2,345,000,000.00 3,121,000,000.00 2,376,000,000.00
Line item in (nok) 02.01.2019 01.01.2021 02.01.2020 01.01.2022 01.01.2023
Profit (loss) N/A 2,355,000,000.00 N/A 3,130,000,000.00 2,390,000,000.00
Interest Paid Classified As Operating Activities N/A 102,000,000.00 N/A 64,000,000.00 152,000,000.00
Interest Received Classified As Operating Activities N/A 953,000,000.00 N/A 918,000,000.00 1,466,000,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A 187,000,000.00 N/A 222,000,000.00 1,105,000,000.00
Other Inflows Outflows Of Cash Classified As Operating Activities N/A 3,816,000,000.00 N/A 5,582,000,000.00 7,912,000,000.00
Cash Flows From Used In Operating Activities N/A -1,984,000,000.00 N/A -3,489,000,000.00 661,000,000.00
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A N/A N/A 815,000,000.00 N/A
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 220,000,000.00 N/A 408,000,000.00 2,405,000,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 48,000,000.00 N/A 292,000,000.00 137,000,000.00
Other Inflows Outflows Of Cash Classified As Investing Activities N/A N/A N/A -4,000,000.00 -632,000,000.00
Proceeds From Issuing Shares N/A 26,000,000.00 N/A 44,000,000.00 45,000,000.00
Payments To Acquire Or Redeem Entitys Shares N/A N/A N/A 144,000,000.00 500,000,000.00
Proceeds From Borrowings Classified As Financing Activities N/A 9,012,000,000.00 N/A 6,430,000,000.00 9,822,000,000.00
Repayments Of Borrowings Classified As Financing Activities N/A 7,048,000,000.00 N/A 2,106,000,000.00 1,932,000,000.00
Dividends Paid Classified As Financing Activities N/A N/A N/A 1,513,000,000.00 1,646,000,000.00
Interest Paid Classified As Financing Activities N/A 371,000,000.00 N/A 260,000,000.00 621,000,000.00
Cash Flows From Used In Financing Activities N/A 2,052,000,000.00 N/A 4,043,000,000.00 3,563,000,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A -201,000,000.00 N/A 665,000,000.00 1,051,000,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A -81,000,000.00 N/A 68,000,000.00 20,000,000.00
Cash and cash equivalents 3,160,000,000.00 2,878,000,000.00 2,878,000,000.00 3,611,000,000.00 4,681,000,000.00

Please note that some sums might not add up.

Filings & Publications

2021

Report
Q1
H1
Q3
FY
Consolidated Report
NOB
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

NO0003053605

LEI

5967007LIEEXZX7NA051

Sector

Financials

Industry Group

Insurance

Industry

Insurance

Sub-Industry

Multi-line Insurance

Listed Stock Exchange

Oslo Børs

Stock Index

OBX

Main Stock Exchange

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