Storebrand (STB) Nordea Insurance Trip presentation summary

Strategic direction and market positioning

• Focus on sustainable value creation and capital-light business areas, aiming to be a leading Nordic savings and insurance group.

• Market leader in occupational pensions in Norway and strong position in Sweden, with ambitions to grow in public sector and asset management.

• Emphasis on digital leadership, sustainability, and unlocking growth through people and capital management.

• Group strategy includes growing ordinary dividends, annual buybacks, and additional capital generation.

Financial performance and growth

• Double-digit growth across unit linked pensions, asset management, insurance, and retail banking since 2018.

• Retail insurance portfolio premium up 26% YoY, with consistent growth in loan balances and premiums.

• Improved profitability in insurance, maintaining a combined ratio ambition of 90-92% for 2025.

• Return on equity improving as transformation towards capital-light continues, with group profit ambitions exceeding NOK 5bn in 2025.

Business segments and initiatives

• Leading provider of occupational pensions in Norway and Sweden, leveraging group synergies for further growth.

• Preferred manager for closed corporate pension funds, with NOK 8bn AuM and high profitability.

• Robust growth in corporate P&C segment, expanding product offerings and distribution, including acquisition of Aspida Forsikring portfolio.

• Digital leadership in Swedish life & pension market, serving 19,000 corporations and 800,000 individuals.