Storebrand ASA (OTCPK:SREDF)

$ 10.95 0 (0%) Market Cap: 4.81 Bil Enterprise Value: 8.40 Bil PE Ratio: 10.65 PB Ratio: 1.74 GF Score: 35/100

Q2 2023 Storebrand ASA Earnings Call Transcript

Jul 14, 2023 / 08:00AM GMT

Release Date Price: $8.87

Transcript

Johannes Narum

Good morning, ladies and gentlemen, and welcome to Storebrand's Second Quarter Results Presentation. As usual, our CEO, Odd Arild Grefstad, will present the key highlights of the quarter, followed by CFO, Lars Loddesol, who will dive deeper into the numbers.

At the end of the presentation, participants in the team's webinar will have a chance to ask questions. Details on how to join the webinar are found on the Investor Relations website.

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

Odd Arild Grefstad

Storebrand ASA - Group CEO

Thank you, Johannes, and good morning, everyone.

During the last quarter, we have seen interest rates in Norway and Sweden increased to levels we have not seen for decades, driven by persistent high inflation. Over time, the higher interest rates give better reinvestment rates for pension portfolios, higher pension for customers and profit sharing for shareholders.

Looking into the second half of 2023, higher running yield are expected to give materially higher

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