STOREBRAND ASA: Results for the fourth quarter of 2023
Solid results and capital situation lead to increasing dividends and continued buybacks Group profit [1] of NOK 947 million, and NOK 3,480 million in total for the year · The Board proposes a dividend of NOK 4.1 per share for 2023, up 11% from 2022 · The Board initiates new buyback program with target of NOK 1.5 billion in 2024 · Solvency II ratio 192% · Weak insurance quarter, driven by challenging weather and persistent high disability in Norway · Record-high assets under management NOK 1,212 billion · Strong growth in all business areas "The past year has shown