STOREBRAND ASA: Results for the 1st Quarter 2022
Leading the Way in Sustainable Value Creation – Strongest Solvency Ratio on Record and Stable Operating Results, despite Turbulent Financial Markets.· Group profit[1] of NOK 628m in the 1st quarter · Operating profit of NOK 678m, up 5% y/y · Total assets under management (AuM) of NOK 1,040bn, up 5% y/y, down 5% q/q · 19% growth in overall insurance portfolio premiums, 24% growth in retail insurance (y/y) · Solvency II ratio of 184% "The first quarter of 2022 has been a shaky quarter for the world and for financial markets. We witnessed reintroduced Covid-19 restrictions at