Storebrand (STB) AGM 2026 presentation summary

Strategic and operational highlights

• Achieved record results in 2025 with NOK 5.7bn in profit, surpassing targets by 14%.

• Assets under management reached NOK 1,609bn, with 13% growth in unit-linked reserves and 20% growth in insurance premiums year-on-year.

• Continued focus on capital-light business areas, digital leadership, and sustainability as strategic enablers.

• Double-digit growth across pensions, asset management, insurance, and retail banking segments.

• Shareholder returns outperformed benchmarks, with a 546% total return over 10 years.

Financial performance and capital management

• Group result before amortisation reached NOK 5,695m, with strong contributions from all business areas.

• Dividend per share increased to NOK 5.40 for 2025, a 15% rise, with share buybacks of NOK 1.5bn completed.

• Solvency ratio at 194% in Q4 2025, supporting continued dividend growth and buybacks.

• Ambition to pay nominally growing dividends and return excess capital through buybacks when solvency exceeds 175%.

• IFRS group profit for 2025 was NOK 5,023m, with total assets of NOK 988bn at year-end.

Governance, board, and remuneration

• Board members and chair re-elected for one year; Jarle Roth as chair, Martin Skancke as deputy chair.

• New member Ivar Qvist elected to the nomination committee, with Nils Bastiansen as chair.

• Board remuneration set at NOK 1,122,000 for chair and NOK 637,000 for deputy chair, with additional committee and meeting fees.

• Shareholders approved the board's remuneration report and updated guidelines, including a new long-term incentive program and increased retirement age.

• Auditor's fee for 2025 set at NOK 1,430,686; Deloitte elected as new auditor from 2027.