Storebrand’s net premiums income increased slightly by 0.8% to NOK5,814m in Q2 15, but sales remained down on a year-on-year basis (-1% at NOK14,040m). Banking activities' income also posted quarterly and annual decreases to NOK95m (-17.3% year-on-year) and NOK188m (-22.6% year-on-year), respectively. The Q2 15 result before amortisation came to NOK459m (-38.8% relative to the same period in 2014) and NOK909m for the full year (-38.4% year-on-year). Operating costs reduced by 21.2% in H
21 Jul 2015
More difficult than expected
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More difficult than expected
Storebrand’s net premiums income increased slightly by 0.8% to NOK5,814m in Q2 15, but sales remained down on a year-on-year basis (-1% at NOK14,040m). Banking activities' income also posted quarterly and annual decreases to NOK95m (-17.3% year-on-year) and NOK188m (-22.6% year-on-year), respectively. The Q2 15 result before amortisation came to NOK459m (-38.8% relative to the same period in 2014) and NOK909m for the full year (-38.4% year-on-year). Operating costs reduced by 21.2% in H