On the Right Side of History
Strategy 2021-2023: Leading the way in sustainable value creation
Storebrand held a Capital Markets Day on 10 December 2020.
Strategy 2021-2023:
Leading The Way In Sustainable Value Creation
– Storebrand has followed an active and consistent strategy with a proven track record of shifting the business mix towards capital light savings and insurance products, replacing legacy guaranteed business. The Storebrand of the future will be a market leader in occupational pensions, a Nordic powerhouse in asset management, combined with a broad retail offering driven by insurance growth. Our ambition is to deliver NOK 4 billion in Group profit (before amortisation and tax) in 2023. We reaffirm our commitment to create a compelling combination of self-funded growth and increasing capital return for our shareholders. Earnings growth will support a growing dividend. In addition, the run-off of the guaranteed business is expected to return around NOK 10 billion of capital to shareholders until 2030, says Odd Arild Grefstad, Chief Executive Officer of Storebrand.
– This is not the time to be on the wrong side of history as transition risk is increasing for financial investments. We believe that a robust and well-proven sustainable framework is crucial to navigate through transition risk into a low emission society. We will demonstrate how Storebrand adds value beyond return for customers and shareholders by uncompromisingly setting the standard, and we aim to be the world's most sustainable financial company, says Odd Arild Grefstad, Chief Executive Officer of Storebrand.
Agenda
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| Topic | Presenter |
|---|---|
| Welcome | Karin Greve-Isdahl EVP Communications & Sustainability |
| Sustainable Nordic Savings and Insurance Group | Odd Arild Grefstad Group CEO |
| Digital Leader in the Swedish Pension Market | Staffan Hansén EVP, CEO SPP |
| Market Leader in a Growing and Changing Norwegian Pension Market | Geir Holmgren EVP, CEO Storebrand Livsforsikring AS |
| Nordic Powerhouse in Asset Management | Jan Erik Saugestad EVP, CEO Asset Management |
| Accelerating Growth in the Norwegian Retail Market | Heidi Skaaret EVP Retail Norway |
| Managing for Increased Profitability, a Strong Solvency Position and Growing Dividends | Lars Aa. Løddesøl Group CFO |
| Q&A | Odd Arild Grefstad, Group CEO Lars Aa. Løddesøl, Group CFO Kjetil R. Krøkje, Head of Finance & Strategy Daniel Sundahl, Head of IR & Rating |
For questions, please contact Storebrand Investor Relations: IR@storebrand.no