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
: So I have 2 questions. First one, just a clarification with regard to solvency and dividend. So in order to start to pay out the excess capital next year,
do you need to have a Solvency II ratio were above 180%? That is the first question.
And the second question is regarding the inflation and the uptake that we are seeing. And I was wondering if you can share some thoughts on
how this is expected to impact your Insurance results and the measures that you are doing in order to limit claims inflation?
Question: Hskon Astrup - DNB Markets, Research Division - Analyst
: Just to follow up...
Question: Hskon Astrup - DNB Markets, Research Division - Analyst
: And just a quick follow-up here on the solvency. So in the past, you have been sort of talking about that you can, say, down the road, to adjust
180% target in order to be more in line with the new business that you are -- or the new Storebrand. Could that be as early as next year? Or is this
more sort of a 5 type of adjustment?
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: Just following up on the paid-up profit-sharing. With the current buffers you have, should we expect at least the current level that you reported in
this quarter going forward? That's the first question.
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: Okay. And on Unit Linked in Norway. Could you tell us how much of the reserves that are currently on the new pension accounts and how much
are on the pensions that it gets?
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: So how much of those NOK 35 billion or how much of the remaining NOK 115 billion is already on pension accounts?
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: Okay. And if we look at the transfer balance, it's negative NOK 2.5 billion in the quarter. Is that connected to pension accounts and volumes moving
away from you?
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: Yes. Is it fair to assume that the numbers we see, the net balance now for Unit Linked Norway, it's related to pension accounts?
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: Is it fair to assume when you look at the transfer balance for Unit Linked Norway that this transfer balance, the net transfer balance is related to
pension accounts and not movement of Unit Linked active schemes?
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JULY 14, 2021 / 8:00AM, STB.OL - Q2 2021 Storebrand ASA Earnings Call
Question: Thomas Svendsen - SEB, Research Division - Analyst
: Two questions. You highlight your recognition for sustainable impact. Does that you -- make you optimistic about possible new business, new flow
of funds, new asset under management? Or is it so that the competition is also increasing here, that everybody else is getting -- are doing things
to getting more sustainable? That's the first question.
The second question is on M&A. You have talked about in the past and also comment in the past, of course, add-on acquisitions. How do you see
the environment now on pricing and opportunities?
Question: Thomas Svendsen - SEB, Research Division - Analyst
: Okay. The question was just, do you think you can get more business due to your strong ESG profile? Or is the competition increasing for this green
business or ESG business? Are you optimistic about offerings?
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