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Storebrand ASA (STB.OL)

STB.OL on Oslo Stock Exchange

72.40NOK
19 Sep 2018
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Fri, Jul 13 2018

Norwegian insurer Storebrand beats earnings forecast, shares gain

OSLO Norway's Storebrand reported better than expected second-quarter results on Friday, driven by a strong performance in its insurance division, sending its shares higher.

Storebrand sees increased dividends, potential for Nordic expansion

*Storebrand expects to pay out increased dividends going forward, as new business is less capital intensive and with increasing profit sharing from its portfolios, but will also actively look for possibilities to expand is business outside Norway, the company said during an investor day in London on Thursday

Storebrand sees increased dividends, potential for Nordic expansion

** Storebrand expects to pay out increased dividends going forward, as new business is less capital intensive and with increasing profit sharing from its portfolios, but will also actively look for possibilities to expand is business outside Norway, the company said during an investor day in London on Thursday

BRIEF-Storebrand Q1 group result beats forecast

* Q1 GROUP RESULT NOK 931 MILLION (REUTERS POLL NOK 600 MILLION)

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