Storebrand ASA Company Profile and Financial Insights

Storebrand ASA is a Norwegian insurance and pension company that was founded in 1895. It's one of the largest financial services companies in Norway.

The company has a long history of providing financial services to its customers. Storebrand ASA has grown significantly over the years, with a presence in several countries across Europe.

Storebrand ASA is listed on the Oslo Stock Exchange, which provides transparency and accountability to its investors. The company's financial performance is regularly reported to the public.

Storebrand ASA has a strong brand reputation in Norway and has received several awards for its customer service and innovation.

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Storebrand's stock price has been on the rise, with a 5-day change of +1.20% and a 1st Jan change of +32.34%. The stock price currently stands at 160.40 Norwegian Kroner.

DNB Carnegie has raised its target price for Storebrand to 175 Norwegian Kroner, reiterating a "Buy" rating. This suggests confidence in the company's growth prospects.

Storebrand's financial performance has been strong, with growth across the board, although costs have edged higher.

Storebrand has a diverse group of shareholders, with several notable ones holding significant stakes in the company.

Folketrygdfondet is the largest shareholder, owning 10.65% of the company's equities and having a valuation of 728 million kr.

Storebrand Asset Management AS is another significant shareholder, holding 2.403% of the company's equities and having a valuation of 164 million kr.

The company's own shares, STOREBRAND ASA, are also held by several shareholders, including Storebrand itself, which owns 2.213% of the company's equities and has a valuation of 151 million kr.

Other notable shareholders include Alfred Berg Kapitalforvaltning AS, which owns 1.967% of the company's equities and has a valuation of 134 million kr, and Nordea Investment Management AB (Norway), which owns 1.642% of the company's equities and has a valuation of 112 million kr.

Here's a breakdown of the top shareholders:

Storebrand has a diverse group of companies under its umbrella, each with its own unique focus.

Storebrand ASA is the parent company of several subsidiaries, including Begrom AS, which is an investment manager.

Begrom AS is an investment manager, while Storebrand Livsforsikring AS is an investment trust/mutual fund that offers life insurance services and pension funds.

Storebrand Forsikring AS, on the other hand, is an insurance broker/service provider that offers health and accident coverage.

Storebrand Bank ASA is a major bank that operates internationally, while Storebrand Boligkreditt AS is a regional bank that helps individuals make financial decisions.

Storebrand Boligkreditt AS offers services like Smart Pension and flexible personal pension accounts, as well as loans, savings options, and mobile banking through Storebrand Bank.

Here's a list of Storebrand's subsidiaries and their respective categories:

Storebrand's CEO, Einar Andreas Leikanger, oversees the company's operations and ensures the security and privacy of its customers.

Storebrand's market leadership in pensions and successful digitalization are driving exceptional long-term revenue, fee, and asset growth above industry rates.

The company's strong ESG focus and robust solvency enable accelerated AUM capture and strategic acquisitions, supporting superior earnings growth.

Storebrand's Nordic presence and strategic focus on pensions and asset management drive revenue growth and market share expansion, with digital investments and sustainability commitment potentially boosting customer satisfaction and efficiency.

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Analysts are optimistic about Storebrand ASA's future performance, with several firms raising their target prices for the company.

DNB Carnegie recently raised its target price for Storebrand to 175 Norwegian Kroner, reiterating a Buy recommendation.

Arctic and Pareto Securities have also increased their target prices for Storebrand, to 168 Norwegian Kroner and 175 Norwegian Kroner respectively, both with a Buy rating.

Bank of America has upgraded Storebrand to Neutral from Underperform, indicating a slight improvement in the company's prospects.

Here's a summary of the recent analyst recommendations for Storebrand ASA:

Heavy exposure to legacy guarantees and Nordic markets heightens vulnerability to adverse rates, economic shifts, and demographic changes, pressuring long-term profitability and revenue growth.

Rising competition from digital challengers is a significant threat to market share, squeezing margins across core business lines.

Stricter ESG regulations increase compliance costs, restricting investment flexibility and further squeezing margins.

Nordic markets are particularly vulnerable to adverse rates and economic shifts due to their heavy exposure to legacy guarantees.

For another approach, see: Nasdaq Nordic

Storebrand is well-positioned for exceptional long-term revenue, fee, and asset growth above industry rates due to its market leadership in pensions and successful digitalization.

The company's strong ESG focus enables accelerated AUM capture, strategic acquisitions, and resilience to shocks, supporting superior earnings growth.

Storebrand's Nordic presence and strategic focus on pensions and asset management drive revenue growth and market share expansion.

Digital investments and sustainability commitment potentially boost customer satisfaction, efficiency, and revenue.

Storebrand's balance sheet strength ensures resilience to shocks, supporting superior earnings growth amidst future earnings leverage risks.

The company's share buybacks ensure shareholder returns amidst future earnings leverage risks.

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Storebrand has been making headlines recently, and we're here to break down the latest news and media coverage. Storebrand ASA's Q3 2025 earnings call took place on October 22, 2025.

DNB Carnegie raised its target price for Storebrand to 175 Norwegian Kroner, reiterating a buy rating. This is a significant boost, and it's clear that analysts are optimistic about Storebrand's future prospects.

Moody's has kept Storebrand's rating with a stable outlook, citing its strong financial profile. This is a vote of confidence in the company's ability to navigate the market.

Storebrand's Q3 solvency ratio was a impressive 195%, indicating a solid financial position. This is a key metric for investors, and it suggests that Storebrand is well-equipped to handle any challenges that come its way.

Storebrand's unit sold NOK1 billion of bonds due 2029 on October 7, 2025. This is a significant move, and it demonstrates the company's ability to access capital markets.

Here are some key updates from recent news articles:

Storebrand has a strong leadership team with a good mix of experience and youth. Odd Arild Grefstad has been the CEO since 2012.

The Executive Committee consists of five members, with Kjetil Ramberg Krøkje serving as the Director of Finance/CFO since 2025. Tove Selnes is the Human Resources Officer, but her start date is not specified. Trygve Hakedal has been the Chief Tech/Sci/R&D Officer since 2009.

The Board of Directors has seven members, with Jarle Kjell Roth serving as the Chairman since 2023. The youngest member is Benjamin Kristoffer Golding, who joined the board in 2023 at the age of 45.

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Meet the Executive Committee of Storebrand ASA, the team behind the company's vision and direction.

Odd Arild Grefstad is the CEO, leading the company since 2012. He's been in this role for over 9 years.

Kjetil Ramberg Krøkje is the Director of Finance/CFO, joining the team in 2025. His tenure is still relatively short.

Tove Selnes serves as the Human Resources Officer, but we don't have a start date for her role.

Vivi Måhede Gevelt is a Corporate Officer/Principal, but we're not aware of when she joined the company.

Trygve Hakedal is the Chief Tech/Sci/R&D Officer, having been in this position since 2009.

Here's a quick rundown of the Executive Committee:

The Board of Directors at Storebrand ASA is composed of experienced professionals with diverse backgrounds and expertise.

Martin Skancke has been a Director/Board Member since 2013 and is 59 years old. Christel Elise Borge has been a Director/Board Member since 2020 and is 58 years old. Hanne Seim Grave has also been a Director/Board Member since 2020 and is 51 years old.

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The Chairman of the Board is Jarle Kjell Roth, who is 65 years old and has been in the position since 2023. Benjamin Kristoffer Golding is a 45-year-old Director/Board Member who joined the board in 2023. Viveka Marianne Ekberg is a 63-year-old Director/Board Member who joined the board in 2024.

Here is a list of the current Board of Directors at Storebrand ASA: