Storebrand ASA STB

What the company says it expects, and how often it has delivered on it.

Guidance in the latest report

• Profit target before amortisation and tax (2028)
  “The profit target before amortisation and tax was raised to NOK 7bn for 2028, driven by earnings growth from Savings, Insurance and Guaranteed business.” (p. 14)
• Annual growth in operating expenses, from a level of NOK 7bn in 2025 (towards 2028)
  “communicated at the CMD an expectation to keep annual growth in operating expenses at around 5% towards 2028, from a level of NOK 7bn in 2025.” (p. 14)
• Cash return on equity target (2028)
  “The cash ROE target for 2028 is 17%.” (p. 12)
• Annual growth in assets under management in unit linked pensions (towards 2028)
  “In unit linked pensions, Storebrand has an ambition of double -digit annual growth i n assets under management” (p. 14)
• Improvement in cost-to-income ratio in unit linked pensions (towards 2028)
  “a 2 -4pp improvement in the cost -to-income ratio towards 2028.” (p. 14)
• Annual growth in assets under management in asset management (2025 to 2028)
  “the overarching ambition is to increase assets under management by 7-9% annually while improving the cost-to-income ratio by more than 5pp from 2025 to 2028.” (p. 14)
• Improvement in cost-to-income ratio in asset management (2025 to 2028)
  “improving the cost-to-income ratio by more than 5pp from 2025 to 2028.” (p. 14)
• Annual growth in capital-efficient loans at Storebrand Bank (next three years)
  “Storebrand Bank aims to achieve annual loan growth of more than 5% in capital -efficient loans over the next three years” (p. 14)
• Annual growth in operating profit from combined defined-contribution pension and asset management businesses (annual)
  “Overall, Storebrand has an ambition of double -digit annual growth in operating profit from the combined defined -contribution pension and asset management businesses.” (p. 14)
• Annual insurance premium growth (next three years)
  “The ambition is double-digit annual premium growth over the next three years while the combined ratio gradually improves from 92% in 2025 to 90% or better by 2028.” (p. 14)
• Insurance combined ratio (2028)
  “the combined ratio gradually improves from 92% in 2025 to 90% or better by 2028.” (p. 14)
• Profit sharing in guaranteed business, from about NOK 600m in 2025 (2028)
  “increasing profit sharing from about NOK 600m in 2025 to NOK 700m in 2028.” (p. 14)
• Solvency margin strengthening from Solvency II amendments and regulatory changes for guaranteed products (Q1 2027)
  “their combined effect is expected to lead to a strengthening of Storebrand’s solvency margin in excess of 10 percentage points.” (p. 15)
• Proposed ordinary dividend per share for 2026 (FY 2026)
  “the Board of Directors intends to propose an ordinary dividend of around NOK 6 per share for 2026 and a share buyback programme of NOK 2bn for 2027.” (p. 16)
• Share buyback programme (2027)
  “the Board of Directors intends to propose an ordinary dividend of around NOK 6 per share for 2026 and a share buyback programme of NOK 2bn for 2027.” (p. 16)
• Annual growth in dividend per share (2025–2028)
  “Storebrand communicated a guidance of double-digit annual growth in dividend per share for the period 2025–2028.” (p. 16)
• Annual share buybacks long-term guidance (up to and including 2030)
  “Storebrand also outlined a long -term share buyback guidance of NOK 1.5bn in annual buybacks up to and including 2030.” (p. 16)
• Share buybacks to be completed in Q4 2026 (Q4 2026)
  “NOK 486m of share buybacks will be completed in the 4th quarter.” (p. 4)
• Cash return on equity target (last 12 months, after tax) (2028)
  “* The RoE target of 17% is for 2028.” (p. 5)
• Solvency II ratio target for Storebrand Group (ongoing)
  “Solvency II ratio Storebrand Group > 150% 200%” (p. 5)

Guidance only counts when it names a year or quarter and a figure the reports show: revenue, operating profit, margins, EPS and bank and insurance ratios. Read by an AI model and can be wrong. Not investment advice.