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.


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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
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