Storebrand posted a 4% decrease in its operating earnings, but a 12.2% increase in its net profit, thanks to favourable corporate tax movements. The Savings business’s performance was boosted by the integration of SKAGEN’s figures, and no surprises were recorded in the Insurance and Guaranteed pension business lines. The insurer decided to distribute NOK2.1/share, but NOK0.4 of which is a special dividend. A new dividend policy will be implemented with a payout ratio of 50% if the
07 Feb 2018
Mixed figures
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Mixed figures
Storebrand posted a 4% decrease in its operating earnings, but a 12.2% increase in its net profit, thanks to favourable corporate tax movements. The Savings business’s performance was boosted by the integration of SKAGEN’s figures, and no surprises were recorded in the Insurance and Guaranteed pension business lines. The insurer decided to distribute NOK2.1/share, but NOK0.4 of which is a special dividend. A new dividend policy will be implemented with a payout ratio of 50% if the