· Group profit [1] of NOK 1,427 million, supported by robust operational and
financial results
  · Operational result [1] of NOK 953 million, up 16% compared to Q2 2024
  · Strengthened insurance result, combined ratio of 91%, an improvement from
97% in Q2 2024
  · The share buyback programme continues with a new tranche amounting to NOK
750 million initiated today as part of a NOK 1,500 million programme for 2025

"We deliver a record-high operating result this quarter as the business
continues to grow in the double digits", says CEO Odd Arild Grefstad.

"Profitability in the insurance segment strengthened during the quarter. We
delivered a combined ratio of 91 per cent, an improvement from 97 per cent in
the first quarter. This represents a significant step towards reaching our 90-92
per cent combined ratio ambition for the full year", says Grefstad.

"We are on track to deliver on our NOK 5bn result target for 2025. We look
forward to providing updated strategic and financial ambitions at our Capital
Markets Day on December 10", says Grefstad.
"I am proud that our efforts within sustainability have been recognised by Time
Magazine, who has ranked Storebrand among the top 100 most sustainable companies
in the world. We are also the only Norwegian company on the list", says CEO Odd
Arild Grefstad.


Group Profit

Group profit was NOK 1,427 million in the second quarter, compared to NOK 1,202
million in the same period last year [2]. This reflects continued underlying
growth across the business, improved insurance results and a strong financial
result. Return on equity stood at 18 per cent in the quarter [3].

Fee and administration income amounted to NOK 2,070 million in the second
quarter, up by 10 per cent compared to the same quarter last year. The rise in
fee and administration income is attributed to the savings segment, which
experienced solid growth across unit linked, asset management, and retail
banking.

Total assets under management reached NOK 1,507 billion at the end of the second
quarter, up by 16 per cent during the last year, supported by the acquisition of
AIP Management. Meanwhile, the loan balance in Storebrand Bank increased to NOK
92 billion, up by 12 per cent year-on-year.

Improved Insurance Result
The insurance segment saw strong growth in the quarter, driven by both price
increases and volume growth. Insurance portfolio premiums were up by 21 per cent
year-on-year to reach NOK 9.9 billion. In retail P&C insurance, Storebrand's
market share in Norway increased to 7.4 per cent, up from 7.1 per cent in the
previous quarter [4].

The total combined ratio for the insurance segment in the quarter stood at 91
per cent, an improvement from 97 per cent in the first quarter.

Strong Financial Result
The financial items and risk result ended at NOK 474 million in the second
quarter, up from NOK 384 million in the same quarter last year [2]. Net profit
sharing of NOK 172 million and strong company portfolio returns contributed
positively to the result in the quarter.

Ongoing Share Buyback Programme

Storebrand has a strong capital position with a solvency ratio of 200 per cent,
above the 175 per cent overcapitalisation threshold.

Storebrand plans to conduct NOK 1.5 billion in share buybacks across 2025, split
into two tranches of NOK 750 million each. The first tranche was completed on
June 26[th]. The second tranche will be initiated today, July 11[th], and will
conclude no later than December 19[th] of this year.

The long-term ambition is to conduct annual share buybacks of NOK 1.5 billion,
totalling NOK 12 billion until end 2030, in addition to increasing annual
dividends.

Storebrand will host a Capital Markets Day on the 10th of December 2025 to
provide a strategic update on the business and announce updated financial
targets.

Key Figures in the Quarter (Q2 2024 in brackets)

  · Solvency ratio: 200% (191%)
  · Earnings per share, adjusted for amortisation: NOK 2.87 (NOK 4.59[ ][5])
  · Equity: NOK 31,609 million (NOK 29,986 million)
  · Assets under management: NOK 1,507 billion (NOK 1,298 billion)

Activities Related to the Second Quarter 2025

06:30: Release of stock exchange notification. Press release, quarterly report
and analyst presentation will be available on www.storebrand.no/ir.

12:00: Live investor and analyst conference in English. A webcast will be
available at www.storebrand.no/ir. The presentation will be available on demand
afterwards. Participants who would like to ask questions at the end of the
presentation must register for and participate in the MS Teams Webinar.

Link: https://www.storebrand.no/en/investor-relations/quarterly
-reporting/programme

For further inquiries, please contact

Johannes Narum, Head of Investor Relations: johannes.narum@storebrand.no or
(+47) 993 33 569
Kjetil Ramberg Krøkje, Head of Strategy & Finance: kjetil.r.krokje@storebrand.no
or (+47) 934 12 155
Stig-Øyvind Blystad, Director of Communications: stig
-oyvind.blystad@storebrand.no or (+47) 918 47 226

About Storebrand

Storebrand is a Nordic financial group, delivering increased security and
financial wellness for people and companies. We offer sustainable solutions and
encourage our customers to make good economic decisions for the future. Our
purpose is clear: we create a brighter future.

Storebrand has about 55,000 corporate customers, 2.2 million individual
customers and manages NOK 1,507 billion. The Group is headquartered at Lysaker
outside of Oslo, Norway. Storebrand (STB) is listed on Oslo Stock Exchange.
Visit us on www.storebrand.no

This is information is pursuant to the EU Market Abuse Regulation and subject to
the disclosure requirements pursuant to Section 5-12 the Norwegian Securities
Trading Act.

This information is based on the Storebrand Group's alternative income statement
and contains Alternative Performance Measures as defined by the European
Securities and Market Authority (ESMA). The alternative income statement is
based on reported IFRS results for the individual group companies. The statement
differs from the official accounts layout. An overview of APMs used in financial
reporting is available on www.storebrand.com/ir.

[1] Cash equivalent earnings before amortisation and tax. www.storebrand.no/ir
provides an overview of APMs used in financial reporting.
[2] Q2 2024 here excludes a net gain of NOK 1,047 million from the sale of
Storebrand Health Insurance.
[3] Annualised return on equity in Q2 2025.
[4] According to the latest market data from Finance Norway.
[5] Q2 2024 here includes a net gain of NOK 1,047 million from the sale of
Storebrand Health Insurance.