Storebrand Asa Unsp/Adr (SREDY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Storebrand's second quarter 2026 results presentation. As usual, our CEO, Odd Arild Grefstad, will start by taking us through the key highlights. He will then be followed by our CFO, Kjetil Krøsje, who will dive deeper into the numbers. After the presentation, we will open up for questions from participants in the team's webinar. Details on how to join the webinar are available on our investor relations website. With that, I'll hand it over to you, Odd Arild. Thank you, Stig Eivind, and good morning, everyone. Storbrann built on the momentum from last year and made solid progress in the second quarter. Our insurance business performed very well during the quarter and equity market rebounded. Together, this contributed to a record strong group result with operational earnings up 17% year on year. This reflects the underlying strength and scalability of the group, and not least, the effort of my fantastic 2,500 colleagues in Storbrann. In the Norwegian retail market, we continue to strengthen our position as a growing challenger. I am proud that we have been able to combine strong growth in insurance with profitability in a market with strong incumbents. For Storbrann, sustainability remains at the core of our strategy and product offering. Our work on sustainability continues to receive global recognition. Time Magazine ranked recently Storbrand among the 50 most sustainable companies in the world. And we are also the only Scandinavian insurance company, once again, included in the Dow Jones Best in Class World Index. Another highlight this quarter was the agreement to acquire the shares in KNIF Trygghet Forsikring, and to establish a partnership with KNIF, serving Christian organisations and the broader non-profit sector. Cash-based earnin...