Storebrand ASA - Company Capsule by ICDResearch

VIEWS: 8 PAGES: 13

More Info
									Storebrand ASA

_________________________________________________________________________________




Storebrand ASA - Company Capsule


Reference Code: FS0347CC
Published Date: April 2011




___________________________________________________________________________________________

Storebrand ASA - Company Capsule                                                    Page 1
Storebrand ASA

__________________________________________________________________________________________


Storebrand ASA - Company Overview

Storebrand ASA (Storebrand) is a provider of insurance services. It is the parent company of the Storebrand Group. The
company’s principal activity is to provide saving and life insurance products together with related financial advisory
services, investment management and banking activities. The other activities include asset and fund management, real
estate management and related services. The principal activities of the company are carried out through its five segments
namely, Corporate or Commercial Banking, Retail Banking, Markets, Real Estate Broking, Treasury or Other segment. In
addition, it operates through its branch offices and subsidiaries in Norway, Sweden and Denmark. The company is
headquartered in Oslo, Norway.


Financial Performance

   The company reported revenue of NOK 48,237 million during the fiscal year ended 2009. The company's revenue grew
at a CAGR of 20.18% during the period 2007-2009 with an annual growth of 72.23% over fiscal year 2008. During the
fiscal year ended 2009, its operating margin was 1.84% as against an operating margin of -6.12% in fiscal year 2008.
During the fiscal year ended 2009, the company registered a net margin of 1.93% as against a net margin of -7.95% in the
fiscal year 2008.

Storebrand ASA - Key Facts

Storebrand ASA, Key Facts

                                  Filipstad Brygge 1, Oslo, , 0114,
                                                                      Ticker Symbol, Stock
Corporate Address:                Norway
                                                                                                 STB (Oslo Stock Exchange)
                                                                      Exchange



Telephone                          + 47 22 315050                     No. of Employees           2,185



Fax                                + 47 22 489890                     Financial Year End         December



URL                               www.storebrand.no                   Revenue (in NOK Million)   48,237.00



Industry                          Construction , Financial Services Revenue (in USD Million)     7,656.67



Locations                         Norway, Europe

Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

Storebrand ASA - Company Capsule                                                                                       Page 2
Storebrand ASA

__________________________________________________________________________________________



Storebrand ASA - Major Products and Services

Storebrand ASA (Storebrand) is a Norway-based company active within the financial services industry. The key services
of the company include the following:

Storebrand ASA, Major Products and Services
Services:

Asset management

Banking services

Financial advisory

Life insurance

Pensions

Provident Fund

Savings
Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

Storebrand ASA - Company Capsule                                                                               Page 3
Storebrand ASA

__________________________________________________________________________________________



Storebrand ASA - Key Competitors

The following companies are the major competitors of Storebrand ASA:

Allianz AG

Nordlandsbanken ASA

Skandia Insurance Company Ltd.

Skandinaviska Enskilda Banken AB

Protector Forsikring ASA




___________________________________________________________________________________________

Storebrand ASA - Company Capsule                                                    Page 4
Storebrand ASA

__________________________________________________________________________________________


Storebrand ASA - Key Employees


Storebrand ASA, Key Employees


          Name                               Job Title                      Board Level     Since   Age


Ann-Mari Gjostein             Director                                Non Executive Board   2007


Annika Lundius                Director                                Non Executive Board   2008


Birger Magnus                 Chairman                                Executive Board       2009    55


Birgitte Nielsen              Director                                Non Executive Board   2005

                              Executive Vice President - Corporate
Egil Thompson                 Communications and Market               Senior Management     2009
                              Communication
                              Executive Vice President - Corporate
Elin M. Myrmel-Johansen                                               Senior Management     2008    36
                              Responsibility

                              Executive Vice President - Storebrand
Gunnar Rogstad                                                        Senior Management
                              Direkte


Halvor Stenstadvold           Director                                Non Executive Board


Heidi Skaaret                 Director                                Non Executive Board


Idar Kreutzer                 Chief Executive Officer                 Senior Management     2000    47


John            Staunsbjerg
                              Director                                Non Executive Board   2009
Dueholm


Jon Arnt Jacobsen             Director                                Non Executive Board   2009


Kirsti Valborgland            Director                                Non Executive Board


Knut Dyre Haug                Director                                Non Executive Board   2006


                              Executive Vice President - Life and
Lars Aa. Loddesol                                                     Senior Management     2008    45
                              Pensions, Norway

                              Executive Vice President - Economy,
Odd Arild Grefstad                                                    Senior Management     2002    44
                              Finance and Legal

                              Executive Vice President - Operative
Roar Thoresen                                                         Senior Management     2006    52
                              Processes
                              Executive Vice President - Life and
Sarah McPhee                  pensions, Sweden, Chief Executive       Senior Management     2008    56
                              Officer - SPP

Truls Nergaard                Managing Director - Storebrand Bank     Senior Management     2010

Source: Annual Report, Company Website, Primary and Secondary Research




___________________________________________________________________________________________

Storebrand ASA - Company Capsule                                                                         Page 5
Storebrand ASA

__________________________________________________________________________________________



Storebrand ASA - Locations and Subsidiaries

Head Office

Storebrand ASA
Filipstad Brygge 1
Oslo
Zip: 0114
Norway
Tel: + 47 22 315050
Fax: + 47 22 489890



Other Locations & Subsidiaries

Storebrand ASA, Subsidiaries

DKV Halsa                                                           Oslo Reinsurance Company
Ralambsvagen 17                                                     Ruselokkveien 14
DN Huset                                                            Vika Oslo
Sweden                                                              Norway
Tel: + 46 8
								
To top