Storebrand today announced a group profit after tax of NOK465m for Q1 17, a 49.5% improvement relative to the same period in 2016. The Q1 result before amortisation amounted to NOK671m, an increase of 24.9% yoy. The best performing segment was Guaranteed pension, which recorded a profit of NOK201m vs. NOK15m a year before. The Savings (non-guaranteed) business showed a pause with a 12% decline in earnings (NOK240m). The Insurance operations were positive with a 42.5% enhancement in Q1 profit
27 Apr 2017
Promising start of the year
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Promising start of the year
Storebrand today announced a group profit after tax of NOK465m for Q1 17, a 49.5% improvement relative to the same period in 2016. The Q1 result before amortisation amounted to NOK671m, an increase of 24.9% yoy. The best performing segment was Guaranteed pension, which recorded a profit of NOK201m vs. NOK15m a year before. The Savings (non-guaranteed) business showed a pause with a 12% decline in earnings (NOK240m). The Insurance operations were positive with a 42.5% enhancement in Q1 profit