Storebrand today announced a group profit after tax of NOK715m for Q2 16, a 177.1% improvement relative to the same period in 2015. The H1 16 earnings reached NOK1,025m, +98.2% yoy. The group’s results before amortisation and longevity for Q2 was NOK798m vs. NOK610m in Q2 15 (NOK1,344m for the H1 16 vs. NOK1,215m in H1 16). These good figures were driven by a resilient Savings (non-guaranteed) business which recorded a modest 1.7% growth in underlying profit relative to Q2 16 to NOK241m
14 Jul 2016
The insurer did not miss its targets
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The insurer did not miss its targets
Storebrand today announced a group profit after tax of NOK715m for Q2 16, a 177.1% improvement relative to the same period in 2015. The H1 16 earnings reached NOK1,025m, +98.2% yoy. The group’s results before amortisation and longevity for Q2 was NOK798m vs. NOK610m in Q2 15 (NOK1,344m for the H1 16 vs. NOK1,215m in H1 16). These good figures were driven by a resilient Savings (non-guaranteed) business which recorded a modest 1.7% growth in underlying profit relative to Q2 16 to NOK241m