Storebrand ASA Q3 2024 Earnings Call Transcript

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

Question: David Barma - BofA Global Research (UK) - Analyst : The first one is on the investment result. And if I can split that in two small ones, please. Firstly, on the pure investment result side, can you help us understand the drivers and how much of this is driven by revaluations of assets following market movements in the quarter versus an underlying result improvement? And then the second part of this question is around the profit sharing in Sweden, which was very good in this quarter and whether this is more driven by a seasonal effect due to indexation taken in the third quarter and hence, your guidance of EUR300 million a year remains or if it's a step change. And then secondly, on P&C, can you talk about where you are in terms of pricing? And what kind of average premium growth you have on the pure P&C book so far this year? Thank you. 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 23, 2024 / 8:00AM, STB.OL - Q3 2024 Storebrand ASA Earnings Call

Question: David Barma - BofA Global Research (UK) - Analyst : I had a few follow-ups. So staying on the bank and the margin this time, are you seeing competition pick up in the fourth quarter? Or should we basically expect the NIM to stay pretty resilient until we pass the first rate cut in Norway and so a combination of strong NIM and pretty good volume growth above what you expected for the next few quarters? That's the first question. And then secondly, on the regulatory side, there was a hearing note a few weeks ago that suggested a few potential changes impacting Storebrand. Could you help us in running through the different components there and in particular, the potential introduction of deferred capital and how that could help your risk-bearing capacity? And then a small third one on the paid-up portfolio and the fees that were a bit lower in the third quarter. Is there anything specific to flag there? Thank you. 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 23, 2024 / 8:00AM, STB.OL - Q3 2024 Storebrand ASA Earnings Call

Question: David Barma - BofA Global Research (UK) - Analyst : Thank you.