Tag Archives: Storebrand

StoreBrand: Conservative Scenario Gives Up To 20% Upside Potential

StoreBrand (OTCPK:SREDY) is a leading insurance company in the Nordic market which has been under a restructuring program over the past few years. It has taken decisive measures to lower balance sheet risk and reduce its dependence on guaranteed products.

This has improved the company’s business profile and capitalization, enabling it to resume dividend payments recently. However, its valuation is still at a deep discount to that of its closest peers, and a re-rating seems warranted, giving StoreBrand plenty of upside potential. The StoreBrand Group is a leading insurance company in the Nordic market, especially concerning long-term savings and insurance.

It is based in Oslo, Norway, and was founded in 1767. The company has about 1700 employees and a total of 1.9 million customers in its domestic market and Sweden. It has a market capitalization of about $3 billion and trades in the U.S. on the over-the-counter market.

Continue Reading “StoreBrand: Conservative Scenario Gives Up To 20% Upside Potential” at Seeking Alpha Pro

Storebrand Plans to Meet Capital Targets Without New Equity

Storebrand ASA (STB), Norway’s second- largest publicly traded insurer, said it plans to reduce costs as it tries to meet stricter European capital requirements without selling new shares.

Storebrand will cut costs by at least 400 million kroner ($66 million) by 2014 and lower risk in its investment portfolios to meet proposed Solvency II requirements due to come into effect within two years, the Oslo-based company said in its second-quarter report today.

Continue Reading “Storebrand Plans to Meet Capital Targets Without New Equity”  at Bloomberg Businessweek

Storebrand Positive to the Proposed New Occupational Pension Products

The Banking Law Commission’s report NOU 2012:13 was handed over to the Ministry of Finance today.

The Banking Law Commission has in this report assessed how the insurance based occupational pension products best can be adapted to the changes in the public pension system and the development in the labour and financial market.

Storebrand is positive to the proposals, which are well adapted to the reform in the public pension system and the new capital requirements under Solvency II.

The products’ tax treatment allows for good pension schemes for employees. The proposal gives increased flexibility and more predictable costs for employers compared to today’s defined benefit pension schemes.

Continue reading Storebrand Positive to the Proposed New Occupational Pension Products