Storebrand Asa Unsp/Adr (SREDY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Storbrand's fourth quarter and full year 2025 result presentation. As usual, our CEO, Odd-Aril Grefstad, will present the key highlights, followed by CFO, Kjetil Krøche, 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. Thank you, Johannes, and good morning, everyone. I am excited to share a strong set of results for the fourth quarter today. Before we jump into further details, I will start with a few reflections on the progress we have made in 2025. 2025 was another year of clear progress and strong performance. We achieved a record high 5.7 billion results. This means we surpassed our target outlined in the capital market stay in 2023 by 14%. We also saw 26% growth in the operational results for the full year. A large share of the operational results came from short tailed insurance and capital light savings products. This leads to increased quality of earnings. Return on equity was 16% for the full year, surpassing the target of 14% significantly. 2025 was also a solid year for our savings customers, as they received 147 billion in returns. To enhance customer experience and strengthen scalability, we invest selectively in AI and digital platforms. I am therefore pleased to see clear progress in this area. One example is our AI-based customer service chat for insurance, that recently ranked first in the market. AI driven customer interaction is key to scalability going forward. In December, we updated the market on our strategic direction and set financial targets for 2028. The org...