Storebrand ASA - Company Profile
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Storebrand ASA (Storebrand) is a financial services company. The company’s offerings include pensions, savings, insurance and banking products to individuals, businesses and public sector entities. Its insurance portfolio includes non-life, health and risk coverage, personal risk products, property and casualty insurance, and life and guaranteed pension products. Through its banking arm, it provides retail banking services such as mortgages, personal loans, savings accounts, and current accounts, primarily in Norway. Storebrand also offers savings and investments, including mutual funds, real estate, infrastructure and alternative asset classes. It has a presence across Norway, Denmark, and Sweden. Storebrand is headquartered in Lysaker, Norway.
Headquarters
Norway
Address
P.O. Box 500, Lysaker, 1327
Website
www.storebrand.no
Telephone
47 2 2315050
No of Employees
2,541
Industry
Financial Services
Ticker Symbol & Exchange
STB (OSL)
Revenue (2024)
$19.9M
-93.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-8.6%
(2024 vs 2023)
Market Cap*
$8.5B
Net Profit Margin (2024)
XYZ
1,278.4%
(2024 vs 2023)
* As of and is in US$
Storebrand ASA premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Pension Funds | Banking Services |
| Banking and Loans | International Solutions |
| Savings Accounts | Asset Management |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In June, the company signed an agreement to acquire a 100% stake in Knif Trygghet Forsikring AS. |
| 2024 | Contracts/Agreements | In June, the company signed an agreement to acquire an additional 50% shares in AIP Management P/S. |
| 2024 | Acquisitions/Mergers/Takeovers | In June, the company acquired 100% shares of Lysaker Park Eiendom AS for EUR150 million. |
Competitor Comparison
| Key Parameters | Storebrand ASA | Kommunal Landspensjonskasse | DNB Livsforsikring ASA | Gjensidige Forsikring ASA | SpareBank 1 SMN |
|---|---|---|---|---|---|
| Headquarters | Norway | Norway | Norway | Norway | Norway |
| City | Lysaker | Oslo | Bergen | Oslo | Trondheim |
| State/Province | - | Oslo | - | Oslo | - |
| No. of Employees | 2,541 | 1,061 | 298 | 4,160 | 1,705 |
| Entity Type | Public | Private | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jarle Roth | Chairman | Executive Board | 2024 | 66 |
| Martin Skancke | Deputy Chairman | Executive Board | 2024 | 60 |
| Odd Arild Grefstad | Group Chief Executive Officer | Senior Management | 2012 | 61 |
| Trygve Hakedal | Executive Vice President - Digital | Senior Management | - | 47 |
| Kjetil Ramberg Krokje | Executive Vice President - Sustainability; Group Chief Financial Officer | Senior Management | 2025 | 44 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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