- Storebrand’s Solvency II ratio for the fourth quarter stands at 200%, surpassing the estimated 195.7%.
- The company’s profit before amortization and longevity adjustments is recorded at NOK 1.07 billion.
- Storebrand is managing assets worth NOK 1.47 trillion.
- Pretax profit for the period is NOK 988 million.
- Cash earnings per share (EPS) is NOK 1.66, which is below the estimate of NOK 2.26.
- The firm’s operating profit is NOK 702 million.
- The adjusted net income is NOK 635 million, which falls short of the estimated NOK 906 million.
- Insurance revenue has reached NOK 2.71 billion.
- Analysts’ ratings include 7 buys, 4 holds, and 2 sells.
A look at Storebrand ASA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Storebrand ASA, a company offering insurance, asset management, and banking services, has been assessed utilizing Smartkarma Smart Scores. With a balanced score across key factors such as Value and Dividend at 3, Growth and Momentum at 4, and Resilience at 2, Storebrand ASA presents a mixed outlook for investors. While the company shows positive signs of growth potential and momentum, its resilience score indicates a slightly lower level of stability in uncertain market conditions. Investors may find Storebrand ASA appealing for its growth potential and strong momentum performance, but should remain cautious of its resilience factor.
Storebrand ASA, a diversified company providing life insurance, pension plans, equity and fixed-income fund management, as well as banking services including deposits and mortgages, demonstrates a promising outlook based on its Smartkarma Smart Scores. With high scores in Growth and Momentum, indicating strong potential for expansion and positive market sentiment, Storebrand ASA appears well-positioned for long-term success. However, the company’s lower resilience score suggests a need for careful risk management strategies. Overall, Storebrand ASA presents a compelling investment opportunity for those seeking growth and momentum in the financial services sector.
Summary: Storebrand ASA offers insurance, asset management, and banking services. The Company provides life insurance, pension plans, equity and fixed-income fund management, deposits, mortgages, and banking services.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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