Storebrand Asa · OSL:STB

Storebrand Asa — SEB Skadeforsikringsseminar 2015

10 slides from Storebrand Asa's conference presentation, Aug 21, 2015

  1. Slide 1: Storebrand Forsikring

    Storebrand Forsikring Tom Granquist SEB Skadeforsikringsseminar 21. august 2015

  2. Slide 2: The Storebrand Group

    The Storebrand Group Leading Nordic Life and Pension provider  40 000 corporate customers  1.9 million individuals with pensions in Storebrand  NOK 117 bn in Unit Linked reserves  NOK 259 bn in Guaranteed reserves  100% of investments assessed by sustainability criteria  History of the group d

  3. Slide 3: Transformation of the business model

    Transformation of the business model Solid market fundamentals Back book challenges Attractive front book Dual strategy reiterated and reinforced Manage the Guaranteed balance sheet Continued growth in Savings and Insurance Retail customers Employees Capital Risk optimization reduction Corporate rel

  4. Slide 4: Insurance market average combined ratio at <90% and smaller players gaining market share

    Insurance market average combined ratio at <90 % and smaller players gaining market share Distribution of market shares* (%) 42 40 Pr. 1H 2015: 38 36 34 32 30 29,1% 28 26 25,1% 24 22,3% 22 20 18 16 13,5% 14 12 10,0% 10 8 6 0 94 95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’

  5. Slide 5: Storebrand Insurance: Focused business strategy

    Storebrand Insurance: Focused business strategy Re- ”Game changer” establishment ”Storebrand Insurance”  1st mover with complete  Operational Streamlining Insurance  Quick set up web store improvements and  Direct economics of scale  Gather all risk- and  Simple product solutions insurance bus

  6. Slide 6: Storebrand Insurance – platform to cross sell corporates and individuals

    Storebrand Insurance – platform to cross sell corporates and individuals Main product lines Portfolio premium1 Combined Ratio2 Market share 3,7%3 P&C & Property and motor 1,002 Retail Individual life 80% 10,8%3 PP1 1.607 MNOK Ind. life & disability 605 Corporate Health & Health 528 19,6%3 Group life

  7. Slide 7: Strong sales and continued growth in Insurance

    Strong sales and continued growth in Insurance Development portfolio premiums Key takeaways MNOK  Milestone reached during 2Q: +16% 4 174 >100 000 P&C customers 3 588 1 607 20% premium growth within P&C & 1 341 Individual life  Double-digit written premium 22% premium growth further strengthened 1

  8. Slide 8: Insurance - profitable growth

    Insurance - profitable growth Profit 2Q 01.01 - 30.06 Full year NOK million 2015 2014 2015 2014 2014 Insurance premiums f.o.a. 947 770 1 813 1 540 3 115 Claims f.o.a. -683 -558 -1 334 -1 050 -2 226 Operational cost -136 -131 -264 -256 -387 Financial result 64 74 136 147 173 Profit before amortisatio

  9. Slide 9: Well positioned in attractive market

    Well positioned in attractive market Strong brand recognition and Relation to corporates and almost 250 years of insurance individuals through experience occupational pensions 40 000 1,9 mill. corporates employees and former employees Strong cost control through Capital light growth automation, digi

  10. Slide 10: Investor Relations contacts

    Investor Relations contacts Lars Aa Løddesøl Group CFO lars.loddesol@storebrand.no +47 9348 0151 Sigbjørn Birkeland Finance Director sigbjorn.birkeland@storebrand.no +47 9348 0893 Kjetil R. Krøkje Head of IR kjetil.r.krokje@storebrand.no +47 9341 2155 Lars Kramer VP Capital Management lars.kramer@st

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