STOREBRAND ASA: Results for the 1st Quarter 2023
· Cash equivalent earnings[1] of NOK 757m and IFRS profit before amortisation and tax of NOK 1,157m in the quarter · Solvency II ratio 179% · All-time high assets under management amounting to NOK 1,111bn, up 9% in the quarter supported by NOK 18bn net inflow Storebrand continues to deliver very strong growth in all business areas – occupational pensions, asset management, and in the Norwegian retail market – despite another quarter with market turbulence where inflation remains high and central banks continue to raise rates. I'm proud to see that we have reached an all-time high