STOREBRAND ASA: Solvency ratio higher than market expectations in the 2nd quarter

The reported solvency ratio for the 2nd quarter is expected to be around 195%. The solvency is higher than market expectations because of changed regulatory parameters in the solvency II standard model, mainly from the 'volatility adjustment' and 'symmetric equity risk adjustment'. Active risk management also contributes positively in the quarter. The complete interim results for the 2nd quarter will be presented on Thursday 14 July 2022.

Lysaker, 11 July 2022

Contact person: 

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

This announcement is subject to information pursuant to the Securities Trading Act § 5-12

For further inquiries, please contact:

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

Storebrand's ambition is to provide our customers with financial freedom and security by being the best provider of long-term savings and insurance. Storebrand will deliver sustainable solutions adapted to the customer's individual situation. Storebrand has about 40.000 corporate customers and 2 million individual customers, and has its headquarter at Lysaker outside of Oslo, Norway. Storebrand manages NOK 1 040 bn and is one of the largest asset managers in the Nordics. Storebrand (STB) is listed on Oslo Stock Exchange.