Storebrand today announced a group profit after tax of NOK311m for Q1 16, a 20.5% improvement relative to the same period in 2015. The Q1 result before amortization amounted to NOK546m, an increase of 21.3% year-on-year. However, these good figures were driven by Savings (non-guaranteed) business which recorded 27.9% growth in underlying profit relative to Q1 15 while all other business areas recorded a drop, especially guaranteed pension (NOK15m in Q1 16 vs. NOK236m in Q1 15) and Insurance (
27 Apr 2016
Promising Q1 16
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Promising Q1 16
Storebrand today announced a group profit after tax of NOK311m for Q1 16, a 20.5% improvement relative to the same period in 2015. The Q1 result before amortization amounted to NOK546m, an increase of 21.3% year-on-year. However, these good figures were driven by Savings (non-guaranteed) business which recorded 27.9% growth in underlying profit relative to Q1 15 while all other business areas recorded a drop, especially guaranteed pension (NOK15m in Q1 16 vs. NOK236m in Q1 15) and Insurance (