Storebrand ASA Q3 2025 Earnings Call Transcript

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

Question: Hans Rettedal Christiansen - Danske Markets Equities - Analyst : Yes, good morning and thank you for the presentation. So my first question is on the Savings segment. And just trying to kind of understand the broader picture here, looking at the cash equivalent earnings in the quarter, it's NOK815 million, but that includes sort of AIP extraordinary effect. So if you adjust for that, it looks like it's sort of just below Q3 in 2024. So I'm just trying to understand the dynamics there given the fact that your AUM growth is the 16% year-over-year and what the moving parts are? And how you kind of plan to show increasing profitability in that segment? And then my second question is, you've previously mentioned around the liquidity in the holding company, and it looks like it's at NOK3.9 billion this quarter, where you've said you aim to be at around NOK3.5 billion to NOK4 billion going forward. So in Q4 '24, you gave us an expectation of remittance of NOK4.2 billion in 2025. Can you just say something about how that NOK4.2 billion in total remittance is developing according to your expectations back then and with the delivery so far in 2025. Going forwards. So, in 424, you gave us an expectation of remittance of 4.2 billion in 2025. Can you just say something about how, that 4.2 billion in total remittances is developing according to your expectations back then and with the delivery so far in 2025. Thank you.

Question: Hans Rettedal Christiansen - Danske Markets Equities - Analyst : And if I could just have a follow-up. Could you maybe on timing of the life insurance company, sort of what do you expect there over the perhaps medium term? When do you expect to see more remittances going forward.

Question: Hans Rettedal Christiansen - Danske Markets Equities - Analyst : Thank you very much. That was all from my side and congratulations on the appointment (inaudible)