STOREBRAND ASA: Results for the 2nd Quarter 2022
Resilient Business Model in Turbulent Markets, Share Buybacks to Commence.· Group profit[1] of NOK 577m, operating profit of NOK 705m · Solvency II ratio 195% · Start of NOK 500m share buyback program · 14% overall growth in insurance portfolio premiums (y/y) · Rating upgrade by S&P Global Ratings to 'A' "By the conclusion of first half of 2022, the world is still facing geopolitical and financial turmoil. Inflation is rising and markets are volatile. The economic activity in Norway and Sweden is high and interest rates are increasing. Higher interest rates give better