Storebrand Q3 operating profit hits record as insurance result jumps
In the third quarter of this year, Storebrand ASA reported a record operating profit and an increase in its insurance results by 28%. The company's adjusted earnings per share (EPS) came to NOK 2.54 compared with NOK 3.08 from the same period last year. Despite the decline in EPS, the group’s pre-amortization and tax profit rose significantly to NOK 1.52 billion versus NOK 1.19 billion a year ago. The operating profit reached NOK 1.16 billion, reflecting a 7% increase compared to last year's performance. This growth is attributed primarily to improved results in the insurance segment and better asset management outcomes during the quarter.
Tickers: $SKT
Topics: earnings financial performance
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