Storebrand ASA (SKT)

Profile

https://www.storebrand.no

Storebrand ASA is a leading Norwegian financial services group and one of the largest providers of savings, pension, insurance, and asset management solutions in the Nordic region. Founded in 1767 as a fire insurance provider, it has evolved into a comprehensive institution headquartered in Lysaker, Norway, serving private individuals, businesses, public enterprises, and institutions across Norway, Sweden, and other European markets. The company operates through key segments including Savings, which encompasses retirement savings, defined contribution pensions, asset management, and retail banking; Insurance, offering personal, non-life, and pension-related products; Guaranteed Pensions for long-term savings; and other life insurance services. Storebrand ASA pioneered sustainable investing in the 1990s, integrating ESG criteria into all investment decisions and managing approximately NOK 1.3 trillion in assets under management, with a focus on UN Sustainable Development Goals. Employing around 2,300 people under CEO Odd Arild Grefstad, it generates revenue primarily from insurance premiums and asset management fees, emphasizing risk management and long-term value creation in a competitive financial landscape.