Storebrand ASA

Country

Norway

Sector

Financial Services

Industry

Financial Conglomerates

Employees

2,324

Ticker

STB

Exchange

OSLO BORS

Website

www.storebrand.no

Description

Storebrand ASA is a prominent financial services company headquartered in Norway, engaged primarily in life insurance, asset management, and banking services. Its main function is to offer a variety o... Show more

Financial Statements of Storebrand ASA

Below are the financial statements of Storebrand ASA, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of NOK	2024	2023
Income from unit linked	2,265^a	2,008^a
Income from asset management	3,420^a	3,108^a
Income from banking activities	4,285^a	3,069^a
Other income	370^a	413^a
Operating income excl. insurance	10,340^a	8,597^a
Insurance revenue	10,282^a	9,147^a
Insurance service expenses	-7,925^a	-7,701^a
Net expenses from reinsurance contracts held	-17^a	-19^a
Net insurance service result	2,374^a	1,465^a
Operating income incl. insurance result	12,714^a	10,062^a
Operating expenses	-5,234^a	-5,147^a
Interest expenses banking activities	-3,052^a	-2,096^a
Other expenses	-150^a	-166^a
Total expenses	-8,436^a	-7,409^a
Operating profit	4,279^a	2,653^a
Profit from investment in associates and joint ventures	428^a	-431^a
Net income on financial and property investments	74,837^a	56,108^a
Net change in investment contract liabilities	-57,458^a	-38,409^a
Finance expenses from insurance contracts issued	-14,096^a	-15,272^a
Interest expenses securities issued and other interest expenses	-922^a	-889^a
Net finance result	2,789^a	1,106^a
Profit before amortisation	7,067^a	3,759^a
Amortisation of intangible assets	-424^a	-466^a
Profit before income tax	6,643^a	3,294^a
Tax expenses	-1,121^a	-84^a
Profit for the year	5,522^a	3,377^a
Profit/loss for the period attributable to:	—	—
Share of profit for the period - shareholders	5,494^a	3,350^a
Share of profit for the period - hybrid capital investors	30^a	27^a
Share of profit for the period - non-controlling interests	-1^a	0^a
Total	5,522^a	3,377^a

Verified Sources Behind Storebrand ASA’s Financial Fundamentals Data

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a. Storebrand ASA's Annual Report 2024

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Storebrand ASA

Financial Statements of Storebrand ASA

Verified Sources Behind Storebrand ASA’s Financial Fundamentals Data

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