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
: Two questions from me. The first one on dividend. So given the strong results year-to-date, the pay above 50% of EPS as dividends can lead to a
higher nominal increase in dividend that we have delivered in the past. So is the Board comfortable with this kind of solution, that you structured
part of the dividend as special. That was the first question.
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
OCTOBER 27, 2021 / 8:00AM, STB.OL - Q3 2021 Storebrand ASA Earnings Call
And the second question is regarding the proposed changes in the Norwegian law for occupational pension, I think it's called Proposition 223. And
here it's among other proposed to reduce duration on smaller paid-up policies, and have you looked into what this impact will be for the Storebrand
-- on Storebrand's solvency position?
Question: Hskon Astrup - DNB Markets, Research Division - Analyst
: And just a follow up on the impact on the solvency. Any chance you can provide us with a ballpark number how it will impact the solvency ratio?
Question: Thomas Svendsen - SEB, Research Division - Analyst
: Yes. Two questions, both to the savings area. First, on the banking side, there is a nice uptick in the interest margins -- interest margin. How much
of that uptick is sustainable? And how much should we consider nonrecurring?
And question number two to the Unit Link volumes in Norway has been mentioned before, and the early stopping up, it's not growing anymore.
So how concerned should we be about your market position there? And also what is your market share target or market position target in the
Norwegian Unit Link markets?
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: I have a couple of questions. First on the municipal market and the tenders you referred to for Q4. Could you say something about the full total
volume for all those tenders?
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: And if uncertainty way out there with COVID-19 effect, would that lead you to still make some precautionary reserve strengthening also in the next
quarter on group?
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: Of course. And then lastly, on returning to the Norwegian DT margins. around two-thirds are now been converted to the pension account. Could
you give us some details on the difference in margin between the ones that have been converted or -- and the ones that have locked or any other
help in making us understand apparent stronger margin than at least my impression has been that you have communicated earlier.
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: Yes. So just to sort of help out there, for the volumes then transferred, and we see the impact already in the Q3 numbers? Or have the volumes
been transferred towards the end of the quarter, and we expect the P&L impact to hit in Q4 for instance?
| 
