STOREBRAND ASA: Results for the 1st Quarter 2020
Growth in core business, tax effects and result effects from COVID-19 and economic turmoil· Group profit of NOK -334m in the 1st quarter, profit after tax of NOK 264m · Solvency II ratio 172% · 19% growth in Unit Linked premiums y/y · 11% growth in group fee income (7% currency adjusted) - The measures taken across the globe against the Covid-19 pandemic have been followed by unprecedented consequences for individuals, business and society. Storebrand has been fully operational with close to normal productivity, with a strong focus on supporting customers. We have helped a