· Group profit [1] of NOK 1,515m in the 4th quarter and NOK 5,695m for the full
year.
  · Record-strong operating profit [1] of 1,131 million in the 4th quarter, up
by 61 percent year-on-year.
  · The Board proposes a 15 percent dividend increase for 2025 and buybacks of
NOK 2bn in 2026.
  · Return on Equity [1] of 17 percent in the 4th quarter (annualised) and 16
percent in 2025.
  · Insurance portfolio premiums were up by 20 percent year-on-year, reaching
NOK 10.6bn.
  · Results in asset management doubled from 4th quarter in 2024 and increased
by 24 percent in 2025.

"2025 demonstrated the strength of our diversified business model. Group profit
of NOK 5,695 million beat our target by nearly NOK 700 million. We achieved
record-high NOK 1.6 trillion in assets under management and delivered NOK 147
billion in returns to our customers in 2025. This led to double-digit growth in
fee and administration income for the year. The insurance result improved
materially, with the combined ratio back to targeted levels while we maintain
strong growth. This confirms our ability to continue delivering profitable
growth across the business," says CEO Odd Arild Grefstad.

"We launched new financial and strategic priorities at our Capital Markets Day
in December, and the organisation is now in execution mode. Our strong capital
position gives us significant flexibility to fund growth and increase capital
returns to shareholders. This is reflected in the 15 percent dividend growth and
the increase to NOK 2 billion in share buybacks in 2026," says Grefstad.

"We prioritise targeted investments in artificial intelligence where value
creation is greatest. Our AI-based insurance customer service is ranked best in
the market, and we see AI-driven customer interaction as a key driver of strong
customer satisfaction and improved cost efficiency going forward," says
Grefstad.

"I am proud to see how our preventive VEL concept now reaches around 380,000
customers through our pension-related disability product. Rising disability is a
serious societal challenge, and our most important contribution is to support
people early, enabling more individuals to maintain their connection to working
life. This preventive approach also supports economic sustainability by reducing
the strain on welfare systems, employers and insurance providers," says
Grefstad.
Group profit[ ][1] increased by 42 percent from Q4 2024

Group profit was NOK 1,515 million in the 4th quarter, up by 42 percent compared
to the same period last year. For the full year, group profit ended at NOK 5,695
million compared to NOK 5,904 million in 2024, which included the NOK 1,047
million net gain from the sale of Storebrand Health Insurance. Excluding the one
-off effect from the divestment, group profit was up 17 percent year-on-year.

Record-strong operating result in 2025

Fee and administration income amounted to NOK 2,382 million in the 4th quarter,
up by 25 percent from the 4th quarter in 2024. Fee and administration income
increased by 13 percent to NOK 8,573 million (7,585 million) for the full year.
The increase was primarily driven by the savings segment. Particularly asset
management performed well, driven by high performance fees in active funds and a
positive development in the infrastructure business AIP Management.

The insurance result improved significantly, amounting to NOK 643 million (394
million) in the quarter and NOK 2,444 million (1,640 million) for the full year.
The 49 percent increase for the full year is mainly attributed to significantly
improved results in the Retail segment, where repricing measures and continued
volume growth contributed positively. The combined ratio stood at 93 percent in
the quarter (100 percent) and 92 percent for the full year. This is in line with
the targeted 90-92 percent combined ratio for 2025.

Operating profit amounted to NOK 1,131 million in the 4th quarter, up by 61
percent from the 4th quarter in 2024. For the full year, operational profit was
NOK 3,975 million, up by 26 percent compared to 2024. The strong result reflects
continued underlying growth across the business, improved profitability in
insurance, and satisfactory cost control.

Strong financial result

The financial result amounted to NOK 384 million (363 million) in the quarter
and NOK 1,720 million (2,751 million) for the full year. Robust results in the
company portfolios contributed positively in the quarter.  Excluding the net
gain in 2024 of NOK 1,047 million from the divestment of Storebrand Health
Insurance, the full-year financial result for 2025 was in line with 2024.

Solid capital position

Storebrand has a strong capital position. The solvency ratio was 194 percent at
the end of the fourth quarter, well above the threshold for share buybacks of
175 percent. A strong post-tax result contributed positively to the solvency
position but was offset by negative changes in regulatory assumptions.

Increasing dividend and NOK 2 billion share buybacks

The Board will propose an ordinary dividend of NOK 5.4 per share for 2025 to the
Annual General Meeting. The proposed dividend represents an increase of 15
percent per share from 2024. Based on the strong solvency ratio, the share
buyback program will be increased to NOK 2 billion in 2026. The program will be
executed in two traches, with an initial tranche of NOK 1 billion commencing
today. Storebrand's long-term ambition is to execute share buybacks exceeding
NOK 12 billion up to 2030 year-end, of which NOK 5 billion had been executed at
the end of 2025.

Key figures for the quarter (Q4 2024 in brackets)

  · Earnings per share (EPS), adjusted for amortisation [1]: NOK 2.88 (NOK 1.66)
  · Equity: NOK 33,588 million (NOK 32,113 million)
  · Assets under management (AuM): NOK 1,609 billion (NOK 1,469 billion)
  · Return on Equity (ROE) [1]: 17 percent (11 percent)
  · Solvency ratio: 194 percent (200 percent)

Activities related to the 4th quarter 2025
07:30 CET: Release of stock exchange notification. Press release, quarterly
report and analyst presentation available on www.storebrand.no/ir.

10:00 CET: 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. Analysts who would like to ask questions at the end of the
presentation must register for and participate in the MS Teams Webinar.

Link to registration and webcast: https://www.storebrand.no/en/investor
-relations/quarterly-reporting/programme.

For further inquiries, please contact:

Johannes Narum, Head of Investor Relations: [email protected] or
(+47) 993 33 569

Kjetil Ramberg Krøkje, Group CFO: [email protected] or (+47) 934
12 155

Stig-Øyvind Blystad, Director of Communications: stig
[email protected] 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 61,000 corporate customers, 2.6 million individual
customers and manages NOK 1,609 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 information is pursuant to the EU Market Abuse Regulation and subject to
the disclosure requirements in 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 (APM) 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 storebrand.com/ir.

[1] Cash equivalent earnings before amortisation and tax.
http://www.storebrand.no/ir provides an overview of APMs used in financial
reporting.