Storebrand Q4 pretax profit seen up 55.7 percent


EARNINGS POLL-Storebrand Q4 pretax profit seen up 55.7 percent
Innkommet 07.02.2019 14:55

* Storebrand fourth-quarter results
* Due on Wednesday, Feb 13
* Q4 net profit seen at NOK 2.07 billion

Feb 7 - Following is a table of forecasts for Norwegian life
insurance group fourth-quarter results, according to a
poll of analysts.
All figures in millions of NOK, except EPS and Dividend per
share which are in NOK.


2018:Q4 Yr Ago Chang
Mean Median High Lo No e% Prev.Q
w
Profit 699 670 841 584 5 618 13.11 853
before
amortisa
tion and
write-do
wns
- 463 442 548 385 5 639 -27.61 336
Savings
- 140 140 162 116 5 32.0 338.13 214
Insuranc
e
- 137 148 180 82. 5 31.0 341.29 292
Guarante 0
ed
pension
- Other -40. -42.0 9.00 -11 5 -84.0 51.9 10.0
4 4
Amortisa -106 -105 -97. -12 5 -237 55.36 -98.0
tion and 0 1
write-do
wns
Pretax 593 565 740 479 5 381 55.7 755
Profit
Net 2,06 2,052 2,20 1,9 5 473 336.49 523
Profit 5 0 78
EPS 4.42 4.39 4.71 4.2 5 1.04 324.81 1.12
3


2018 Yr Chang
Mean Median High Low No Ago e%
Profit 3,294 3,266 3,436 3,179 5 2,940 12.05
before
amortisation
and
write-downs
- Savings 1,403 1,382 1,488 1,325 5 1,511 -7.17
- Insurance 791 791 813 767 5 608 30.13
- 1,062 1,073 1,105 1,007 5 766 38.62
Guaranteed
pension
- Other 39.6 38.0 89.0 -34.0 5 55.0 -28
Amortisation -367 -366 -358 -382 5 -536 31.57
and
write-downs
Pretax 2,928 2,900 3,075 2,814 5 2,404 21.8
Profit
Net Profit 3,894 3,882 4,030 3,808 5 2,375 63.97
EPS 8.34 8.31 8.63 8.15 5 5.28 57.92
Dividend per 3.11 3.00 3.50 2.90 5 2.50 24.4
share


2019
Mean Median High Low No
Profit before 3,435 3,455 3,573 3,131 5
amortisation
and write-downs
- Savings 1,837 1,839 1,899 1,769 4
- Insurance 696 693 790 608 4
- Guaranteed 944 966 1,045 799 4
pension
- Other 35.0 27.5 94.0 -9.00 4
Amortisation -408 -409 -392 -420 5
and write-downs
Pretax Profit 3,027 3,041 3,169 2,739 5
Net Profit 2,357 2,398 2,493 2,098 5
EPS 5.05 5.13 5.34 4.49 5
Dividend per 4.08 4.00 5.00 3.25 5
share



2020
Mean Median High Low No
Profit before 3,603 3,560 3,957 3,189 5
amortisation
and write-downs
- Savings 1,997 1,992 2,112 1,893 4
- Insurance 723 707 815 662 4
- Guaranteed 927 948 1,109 705 4
pension
- Other 59.0 48.0 149 -9.00 4
Amortisation -407 -409 -392 -420 5
and write-downs
Pretax Profit 3,196 3,151 3,559 2,797 5
Net Profit 2,491 2,461 2,804 2,144 5
EPS 5.33 5.27 6.00 4.59 5
Dividend per 4.91 4.55 7.00 3.50 5
share


ANALYST RECOMMENDATIONS
Of the four analysts who disclosed their recommendation on the
Storebrand stock, three answered Positive and one Neutral.

- The following brokerages and investment banks participated in
the poll:

Firm Outlook
DNB Markets Buy
Sparebank 1 Markets Buy
Kepler Cheuvreux Hold
Handelsbanken Capital Markets Buy


Estimates were collected from 2019-01-15 to 2019-02-06

Data provided by Infront Data ()

(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920))

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