Storebrand ASA is a prominent Nordic financial institution headquartered in Lysaker, Norway, with a history dating back to 1767. The company operates a diversified business model focused on long-term savings, pensions, banking, and insurance, primarily serving the Norwegian and Swedish markets. Storebrand's operations are divided into four primary segments: Savings, Insurance, Guaranteed Pension, and Other.
The Savings segment is the company's largest growth engine, accounting for approximately 51% of cash equivalent earnings in 2025. This division encompasses asset management, retail banking, and unit-linked pension products. Storebrand Asset Management is one of the largest private asset managers in the Nordic region, managing over NOK 1.5 trillion in assets and recognized globally for its strict ESG and sustainable investment criteria.
The Guaranteed Pension segment, which contributes roughly 20-25% of earnings, manages traditional life insurance and pension products with guaranteed returns, providing stable, long-term cash flows. The Insurance segment (approximately 19% of earnings) provides property and casualty (P&C) insurance, personal risk, and health insurance products. Storebrand has been actively growing its retail P&C market share in Norway, further diversifying its underwriting risk.
Storebrand's competitive position is strengthened by its integrated financial services offering, allowing it to cross-sell banking, insurance, and investment products to its large base of corporate and retail customers. In Sweden, the company operates largely through its SPP subsidiary, which is a major player in the Swedish occupational pension market. By combining a robust life and pension heritage with expanding asset management and P&C insurance capabilities, Storebrand maintains a resilient and highly diversified revenue base.
