Storebrand ASA: Q1 Interim Result 2018 - Strong group result and continued growth
· Group result of NOK 931m for the 1st quarter · Results positively affected by strong insurance and risk results · Solvency II ratio 165% - Growth in Savings, combined with strong risk and insurance results, contributes to the strong result in the quarter. Storebrand succeeds in the shift from guaranteed to non-guaranteed business, while at the same time keeping strict cost control in line with our target to reduce cost in 2018, says CEO Odd Arild Grefstad. Good growth in operating profit The operating profit for the 1st quarter was NOK 635m, an increase of 37% compared to