
Storebrand’s total assets under management reached an all-time high level in Q1 2023, amounting to NOK 1,111bn and an increase of 9% compared to the previous quarter.
The solvency ratio was 179% at the end of Q1 2023, a decrease of five percentage points from the previous quarter.
Capital creation in the period was offset by increased equity allocation and a higher symmetric equity stress adjustment, as well as lower interest rates, and capital return to shareholders. The solvency ratio continues to be above the threshold for overcapitalisation of 175%.