By the looks of it Q2 should be a relatively uneventful quarter marked by volume tailwinds, somewhat less volatility on financial items and thus more focus on operational performance. We’re hoping to get a better sense of how fast we can expect the insurance segment to reach target profitability (90-92% CR), but still expect it to be a somewhat bumpy road to improvement through 2024. We model a group profit of NOK 1.97bn (incl. gain from STB Helseforsikring) for Q2 and cash EPS of NOK 4.6, while ....

28 Jun 2024
Arctic: Storebrand - Q2 results should benefit from AUM tailwinds

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Arctic: Storebrand - Q2 results should benefit from AUM tailwinds
- Published:
28 Jun 2024 -
Author:
Roy Tilley | Martin Schei Nilsen -
Pages:
14 -
By the looks of it Q2 should be a relatively uneventful quarter marked by volume tailwinds, somewhat less volatility on financial items and thus more focus on operational performance. We’re hoping to get a better sense of how fast we can expect the insurance segment to reach target profitability (90-92% CR), but still expect it to be a somewhat bumpy road to improvement through 2024. We model a group profit of NOK 1.97bn (incl. gain from STB Helseforsikring) for Q2 and cash EPS of NOK 4.6, while ....