First Quarter 2002 - excluding If
Improved results for Storebrand's core businesses
· The life insurance company reports strong sales of collective insurance products and a net inflow from policy transfers. Sales of health insurance policies were up by 78%
· Storebrand Kapitalforvaltning increased its share of the mutual funds market, and total sales volume for the group's asset management activities was NOK 1.8 billion in the
first quarter
· The group's banking activities are to be brought together under joint management. Steps are being taken to sharpen focus on required profitability from product
distribution
The Board's interim report and the complete financial results for the first quarter will be released on 21 May following the release by If of its interim report for the first quarter.
<br> <br> <br>Oslo, 30 April 2002 <br> <br> <br>For further information contact: <br> <br>Lars Aa Løddesøl, Executive Vice President, Finance Director <br>Tel: +47 2231 5624 or +47 934 80151 <br>Egil Thompson, Director of Corporate Communications <br>Tel: +47 2248 9586 or + 47 934 80012 <br>Nils Robert Hodnesdal, Investor Relations <br>Tel: +47 2231 5533 or +47 934 03813 <br>