The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Hskon Astrup - DNB Markets, Research Division - Analyst
: 2 questions from me. The first question on Insurance. Do I understand you correctly that you think it will be difficult to reach your combined ratio
target of 90% to 92% in 2021, given the headwinds that you expect from disability? That was the first question.
Question: Hskon Astrup - DNB Markets, Research Division - Analyst
: Perfect. That was very clear. And the second question, a bit more high-level one, and that is on the bank. So how do you see the position of
Storebrand Bank going forward given a potential murder -- merger, sorry, between Sbanken and DNB?
Question: Hskon Astrup - DNB Markets, Research Division - Analyst
: Okay. And just to follow-up. So how do you see the potential of the different strategic options for Storebrand Bank going forward?
Question: Hskon Astrup - DNB Markets, Research Division - Analyst
: Yes. I mean in the past, you have talked about that you can, for instance, go into partnership with other banks or et cetera? Or do you still feel that
Storebrand Bank works best on itself?
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: I have 3 questions. First, Vµrdalsbruket, should you closed the sale price or confirm that you have booked it at around NOK 60 million in your
account?
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: Yes. As far as I could tell this morning, it was a little lower, but we could follow-up on that maybe on e-mail. On the transfer marketing, it seems
also that the net transfers on DC in Norway are quite negative compared to what it used to be. Is there any change in the competitive environment?
And who are you losing premiums to there?
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: Is it possible to say where these premiums are going, to which competitor?
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: Okay. And then lastly, as you expect also lower reactivation next quarter, is that already in the accounts? Or have you provisioned for it now? Or
should we expect also lower results for the next quarter?
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: Okay. And could you then just potentially give some details on which lines will this hit the group life and the DC-related pension in Insurance and
also some in the Guaranteed segments?
Question: Thomas Svendsen - SEB, Research Division - Analyst
: Just a follow-up on the asset management flow there. So your long-standing ESG profile, how do you think that will benefit you for the next couple
of years? Is it so that everybody is green now, so you will not get any extraordinary mandates as a result of your ESG profile?
And secondly, on the public -- and so far, what is the potential of the pipeline for flow of funds from the public sector in the next couple of years?
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