- Storebrand’s Solvency II ratio came in at 190%, below the estimated 193.6%.
- Profit before amortization and longevity reported at NOK 1.51 billion.
- Total assets under management reached NOK 1.35 trillion.
- Pretax profit was NOK 1.43 billion, surpassing the estimate of NOK 1.14 billion.
- Cash EPS recorded at NOK 3.12, exceeding the estimated NOK 2.23.
- Operating profit amounted to NOK 944 million.
- Adjusted net income was NOK 1.29 billion, higher than the estimate of NOK 974.2 million.
- Insurance revenue reached NOK 2.59 billion.
- CEO Grefstad attributed strong financial results to profit sharing in Sweden and Norway, aided by supportive financial markets.
- Analyst ratings include 7 buys, 5 holds, and 1 sell.
A look at Storebrand ASA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
An analysis of Storebrand ASA utilizing the Smartkarma Smart Scores reveals a positive long-term outlook for the company. With a strong momentum score of 5, Storebrand ASA shows significant positive price trends and investor sentiment, indicating a potential for continued market outperformance. Additionally, a growth score of 4 suggests promising growth prospects for the company, reflecting potential increases in revenue and earnings in the future.
Although Storebrand ASA demonstrates solid growth and momentum, its resilience score of 2 raises some concerns about its ability to withstand economic downturns or market fluctuations. However, with moderately strong scores in value and dividend at 3 each, Storebrand ASA offers a reasonable valuation and dividend payout to investors, enhancing its overall attractiveness as an investment opportunity.
### Storebrand ASA offers insurance, asset management, and banking services. The Company offers life insurance and pension plans, manages equity and fixed-income funds, and attracts deposits and offers residential mortgages, other credit, and Internet and telephone banking services. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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