Storebrand announced a better than expected group result before amortisation and longevity of NOK773m in Q3 17 (+14.3% yoy) and NOK2,322m ytd (+16% yoy). The pre-tax profit amounted to NOK2,023m (+19.7% yoy). The group’s performance was sustained by further efficiencies, with a limited increase in the operational costs in Q3 of 1.8% to NOK826m (+5.7% ytd to NOK2,462m) and a resilient financial result (NOK698m ytd). By business line, Savings posted a 33% increase in Q3 operating earnings
25 Oct 2017
In acquisition mode
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In acquisition mode
Storebrand announced a better than expected group result before amortisation and longevity of NOK773m in Q3 17 (+14.3% yoy) and NOK2,322m ytd (+16% yoy). The pre-tax profit amounted to NOK2,023m (+19.7% yoy). The group’s performance was sustained by further efficiencies, with a limited increase in the operational costs in Q3 of 1.8% to NOK826m (+5.7% ytd to NOK2,462m) and a resilient financial result (NOK698m ytd). By business line, Savings posted a 33% increase in Q3 operating earnings