STOREBRAND ASA: Results for the 3d Quarter 2020
Strong Growth in Core Business and Assets under Management· Group profit of NOK 1,012m in the 3rd quarter NOK 1,486 YTD · Record high Assets under Management (AuM): NOK 921 bn, 17% growth y/y · 22% growth in Unit Linked reserves y/y · 15% growth in insurance portfolio premiums y/y, Combined Ratio 88% · Solvency II ratio 179% - The Storebrand Group delivers strong profit development in the third quarter. Underlying growth within the Savings and the Insurance segment, combined with rebounding financial markets and cost control contribute to the growth in profits. Financial