Storebrand Asa Unsp/Adr (SREDY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Storbrand's third quarter result presentation. As usual, our CEO, Odd-Aril Grefstad, will present the key highlights of the quarter, followed by CFO, Kjetil Krøtche, 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 Aril Grefstad. Thank you, Johannes, and good morning, everyone. I am excited to share another strong quarter with you marked by substantial growth and improved profitability. We gained trust among new and existing customers and are on track to deliver on our targets for 2025. Before I get into the numbers, I want to highlight one important change in our executive management team. Kjetil Krösche, as many of you are familiar with, has been appointed as Storbrann's CFO, succeeding Lars Løddesøl, who stepped down after nearly 25 years in executive management positions in Storbrann, including 14 years as CFO. Lars has been instrumental in shaping Storbrand's financial strength and strategic direction. And I want to thank him sincerely for his dedication and leadership. And I appreciate that Lars will remain an active contributor to the group also going forward. Now, let's start with the financial highlights. Storbrand delivered a record high group profit of 1,586 million in the third quarter, reflecting continued growth, solid cost control, and improved insurance results. The operational result was 1,091 million, up 16% year on year. It's worth noting that insurance premiums exceeded 10 billion, representing a 20% increase from last year. These results show the strength of the diversi...