Storebrand ASA - Company Profile
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Storebrand ASA (Storebrand) is a financial services company. The company provides a range of savings, pension and insurance products catering to requirements of its clientele comprising private individuals, companies, and public sector entities. It offers range of insurance products including car insurance, home insurance, contents insurance, travel insurance, child insurance, health insurance, disability insurance and life insurance. It also offers banking products, lending solutions, mortgage, pension funds, and international solutions. Furthermore, it offers asset management services. It has presence across Norway and Sweden. Storebrand is headquartered in Lysaker, Norway.
Headquarters
Norway
Address
Professor Kohts Vei 9, Lysaker, 1366
Website
www.storebrand.no
Telephone
47 2 2315050
No of Employees
2,247
Industry
Financial Services
Ticker Symbol & Exchange
STB (OSL)
EPS
XYZ
Net Income (2022)
XYZ
42.2%
(2022 vs 2021)
Market Cap*
$4.1B
Net Profit Margin (2022)
XYZ
-9,016.8%
(2022 vs 2021)
* As of and is in US$
Storebrand ASA premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Pension Funds | Asset Management |
| Banking and Loans | Pension Solutions |
| Bank Savings | International Solutions |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Divestiture | In February, the company sold its 50% stake in Storebrand Helseforsikring AS to co-shareholder ERGO International AG, a wholly-owned subsidiary of ERGO Group AG |
| 2022 | Contracts/Agreements | In September, the company entered into an agreement to acquire Kron AS, a fintech company. |
| 2022 | Acquisitions/Mergers/Takeovers | In July, the company acquired Danica Pensjonsforsikring for US$221 million. |
Competitor Comparison
| Key Parameters | Storebrand ASA | Gjensidige Forsikring ASA | Kommunal Landspensjonskasse | DNB Livsforsikring ASA | Nordea Liv |
|---|---|---|---|---|---|
| Headquarters | Norway | Norway | Norway | Norway | Norway |
| City | Lysaker | Oslo | Oslo | Oslo City | Bergen |
| State/Province | - | - | Oslo | Oslo | Nordland |
| No. of Employees | 2,247 | 4,488 | 1,061 | - | - |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jarle Roth | Chairman | Executive Board | 2024 | - |
| Martin Skancke | Vice Chairman | Executive Board | 2024 | - |
| Odd Arild Grefstad | Chief Executive Officer | Senior Management | 2012 | 58 |
| Lars Aa. Loddesol | Executive Vice President - Strategy, Finance and Legal; Chief Financial Officer | Senior Management | - | 59 |
| Heidi Skaaret | Executive Vice President - Retail | Senior Management | - | 62 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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