Storebrand ASA (SREDY)
Storebrand ASA operates in the Financial - Conglomerates industry of the Financial Services sector, headquartered in Lysaker, AK, NO. The stock last traded at $44.50, up 0.00% on the session, giving a market capitalisation of $9.31B. On trailing twelve-month figures it carries a trailing P/E of 18.18, a net margin of 9.3%. Its beta of 0.53 implies it has historically moved less than the broad market.
Storebrand ASA is a prominent financial services company that primarily offers a wide array of insurance products and related services. Its operational footprint extends across key international markets, including its home country Norway, alongside the United States, Japan, and Sweden. The company's business activities are structured into four main segments: Savings, Insurance, Guaranteed Pension, and Other. The Savings division focuses on wealth accumulation, providing solutions such as retirement planning, defined contribution pensions, comprehensive asset management, and retail banking products. The Insurance segment delivers a broad spectrum of coverage, encompassing health, property and casualty policies, personal risk protection, and various employee- and pension-related insurance offerings. Through its Guaranteed Pension segment, Storebrand offers secure, long-term pension savings plans, which include specific defined contribution pensions, paid-up policies, and individual capital and pension insurance products. The Other segment is primarily dedicated to life insurance provisions. In addition to these core offerings, Storebrand also provides services in securities, banking, and investment management. Its diverse clientele spans private individuals, corporate entities, retail markets, municipalities, and the public sector. Founded in 1767, this long-standing institution is headquartered in Lysaker, Norway.
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