Storebrand ASA Q1 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Peter Eliot - Kepler Cheuvreux - Analyst : Thank you very much. First question is on the insurance space. Can you quantify the cost of the winter-related claims that you saw really just a sort of help us understand what the run rate might have been without those. And then my second question is on slide 8, you show a very impressive increase in the expected return opening the jaws. I mean, given that two-thirds of your portfolio is in bonds or bonds at amortized costs that suggests that over the last couple of years, do you see an improvement of -- well, I have to draw 340 basis points from the rest of the portfolio. Seems credible fit just wondering if you can explain little bit more the dynamics that are out there and how you achieve that. Thank you very much.

Question: Peter Eliot - Kepler Cheuvreux - Analyst : Thanks very much.

Question: Peter Eliot - Kepler Cheuvreux - Analyst : Thank you very much. Sorry to come back on the municipality business again, actually, but just to understand how this might play out going forward. I mean, assuming that Norway agrees with ESA's view and municipalities, therefore have to tender. I appreciate it's in their interest to tender, but if they're reluctant to do so in the first place today, it could it be that you're able to have to tender or they can do so without really having any intention to change. And related to that, I just wanted to clarify exactly what you meant by the 100% hit rate that you quote. I mean, I don't think all municipalities have gone to Storebrand to date. So I presume you're saying that some have tendered, but you haven't given Storebrand an opportunity to quote those the ones from somebody else. Sorry -- just to clarify exactly what you mean by the dynamics to date would be very helpful. And maybe one other one if I can quickly. Within the other result obviously the financial result this quarter was sort of distorted a little bit by markets. Are you able to give us sort of what the underlying run rate is the quarterly rate we should assume going forward. Thank you very much.

Question: Peter Eliot - Kepler Cheuvreux - Analyst : Right, thank you very much.