STOREBRAND ASA: S&P Upgrades Storebrand Livsforsikring AS To 'A'; 'Outlook Stable'

S&P Global Ratings ("S&P") has today announced that they have upgraded their ratings on Storebrand on ongoing profitable growth and improved financial strength. In their press release, they state the following:

- We raised our long-term issuer credit and insurer financial strength ratings on Storebrand Livsforsikring AS to 'A' from 'A-' and the long term issuer credit rating on Storebrand ASA to 'BBB+' from 'BBB'.

- We also raised the tier 2 subordinated issue ratings to 'BBB+' from 'BBB' and the additional tier 1 (AT1) issue rating to 'BBB' from 'BBB-'.

- The stable outlook reflects our expectation that Storebrand will continue to maintain its capital and balance sheet strength and profitable growth in diverse operations.

For more information, see the attached research update from S&P.

Lysaker, 14 June 2022

Contact person:

Head of Investor Relations & Rating, Daniel Sundahl:
daniel.sundahl@storebrand.no or (+47) 913 61 899