Storebrand ASA (LTS:0NO0)
kr 121.95 -0.85 (-0.69%) Market Cap: 52.60 Bil Enterprise Value: 92.89 Bil PE Ratio: 10.65 PB Ratio: 1.74 GF Score: 53/100
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Q1 2021 Storebrand ASA Earnings Call Transcript

Apr 28, 2021 / 08:00AM GMT
Release Date Price: kr79.33 (-1.54%)
Daniel Sundahl
Storebrand ASA - IR Officer

Good morning, ladies and gentlemen. Welcome to Storebrand's first quarter results presentation. My name is Daniel Sundahl, and I'm Head of Investor Relations.

As usual, we will start with our CEO, Odd Arild Grefstad, giving you the main highlights of the quarter. And afterwards, our CFO, Lars Loddesol, will take you deeper into the numbers. At the end of the presentation, we will open up for Q&A. To ask a question, you need to be dialed into the conference call. Details can be found on the IR website.

But without further ado, I give the word to CEO, Odd Arild Grefstad.

Odd Arild Grefstad
Storebrand ASA - Group CEO

Thank you, Daniel, and good morning, everyone.

Storebrand reports strong result and an exceptionally strong growth in the first quarter 2021. The profit of NOK 870 million is driven by continued growth in asset under management and insurance premiums. Unit Linked reserve grew by 33% compared to the first quarter in 2020. Assets under management grew by 19% year by year, and

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