Slides
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6_Title Slide 21 October 2026 Odd Arild Grefstad – CEO Kjetil R. Krøkje – CFO Storebrand Q3 2026
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). 2 Strategic momentum backed by solid operational performance in Q3 2026 +23% Customer growth year-on-year 1. Operating result (cash equivalent earnings from operations). www.storebrand.no/ir provides an overview of APMs used in financial reporting. 2. Number of investors on the Kron platform as of 30 September 2026. 3. Estimated reduction in disability claims year to date, based on conservative assumptions and measured against a control group. The effect is shared equally between customers and Storebrand. Record operating result NOK 1.2bn in result1 7% growth in operating result compared to Q3 2025 Completed acquisition of Knif Trygghet Forsikring on 16 October 2026 NOK 160m estimated disability claims savings year-to-date Preventive VEL concept3 Clear progress in our group- wide efforts to leverage AI ~150,000 customers in Kron2
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title and Subtitle only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Best operating result on record, financial results impacted by rising interest rates Highlights Q3 2026 200% solvency ratio 15% return on equity3, trailing twelve months 5% AuM growth2; 9% adjusted for currency Group result 1 13% growth in unit linked reserves2 10% growth in insurance premiums2 3 1. Cash equivalent earnings before amortisation and tax. www.storebrand.no/ir provides an overview of APMs used in financial reporting. 2. Growth figures from corresponding period in Q3 2025 to Q3 2026 year-on-year. 3. Cash Return on Equity, as defined in the overview of APMs used in financial reporting available on www.storebrand.no/ir. MNOK 355 1,162 Q3 2026 1,362 3,307 YTD 2026 1,517 4,669 Financial items and risk result life Operating profit %
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). The Board expects increasing capital distribution 4 2016 2017 2018 20192 2020 2021 2022 2023 2024 2025 2026E ~6 1.55 2.50 3.00 3.25 3.50 3.70 4.10 4.70 5.40+15% Dividends per share 1 Share buybacks NOK per share 1. Dividends refer to the financial year shown. 2. Proposed dividend for 2019 cancelled due to Covid-19. 3. Based on year-to-date performance, and subject to prevailing market conditions and necessary approvals. 4. Approx. NOK 486m of the 2026 share buyback programme remained as of 30 September 2026. The Board intends to propose an ordinary dividend growth of ~10% per share for 2026 3 NOK billion 2022 2023 2024 2025 2026E4 2027E 2028E 2029E 2030E 2.0 0.5 1.5 1.5 1.5 1.5 2.0 1.5 1.5 1.5 Planned Executed The Board intends to propose share buybacks of NOK 2.0bn for 20273 Guided level: 1.5bn in buybacks 7 2030YE ambition ≥13.5 6.5 Lifted ambition from CMD 2025
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Strategic enablers Unlocking growth Group synergies Strengthening competitiveness Leading the way in sustainable value creation Future Storebrand Growth focus in capital- light business areas in front-book Leading Provider of Occupational Pensions Growing Challenger in the Retail Market Nordic Powerhouse in Asset Management People First Leadership in Sustainability Digital Frontrunner NO & SE NO Revenue Synergies Cost Synergies Capital Synergies
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Strong growth continues across the Group Insurance2 Retail bank UL reserves (NOK billion) AuM (NOK billion) 707 831 962 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q3 1,097 1,020 1,212 1,469 1,609 1,633 +12% CAGR1 Portfolio premiums (NOK billion) 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q3 3.7 3.9 4.7 5.5 6.7 7.4 8.8 10.6 11.3 +16% CAGR1 Loan balance (NOK billion) 47 48 50 57 67 77 87 97 100 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q3 +11% CAGR1 13%3 YOY Unit Linked (defined contribution) pensions Asset management 10% YOY 5% YOY 5% YOY 1. Growth figures expressed as CAGR from FY 2018 to FY 2025. 2. Excludes all written premiums in Storebrand Helseforsikring AS (divested business). 3. In Q2 2026, a portfolio amounting to NOK 11.9bn was transferred from Storebrand Bank to Storebrand Livsforsikring, and is thus included in the reported UL reserves. 6 179 220 268 308 315 380 459 520 563 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q3 +16% CAGR1
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Leading Provider of Occupational Pensions in Norway & Sweden 7 1. Cash equivalent earnings before amortisation. 2. Mandates awarded in Q3 2026; asset transfer expected over the coming quarters. 3. An independent survey of Swedish insurance brokers conducted by market research company Origo Group (Förmedlarnas val 2026). 4. Growth figures expressed as CAGR from FY 2018 to FY 2025. 5. In Q2 2026, a portfolio amounting to NOK 11.9bn was transferred from Storebrand Bank to Storebrand Livsforsikring and is thus included in the reported UL reserves. Quarterly Highlights SPP ranked #1 for sustainability and ease of collaboration in an independent survey of Swedish insurance brokers, confirming its strong position in the broker channel3 Several large Norwegian corporate pension mandates won in the quarter, with combined assets of NOK 4.4bn2 Quarterly result of NOK 305m for Unit linked Norway and Sweden, up 15% compared to Q3 20251 Unit Linked (defined contribution) pensions Corporate Insurance UL reserves (NOK billion) 179 220 268 308 315 380 459 520 563 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q3 +16%4 13%5 YOY 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q3 2.0 2.1 2.4 2.4 3.0 3.3 3.9 4.3 4.3+11%4 Portfolio premiums (NOK billion) -1% YOY
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Nordic Powerhouse in Asset Management 8 Assets under management of NOK 1.6 trillion, up 9% year-on-year adjusted for currency effects. Cash equivalent earnings from operations up 11% on continued cost efficiency Three real estate transactions closed in the quarter 1. Growth figures expressed as CAGR from FY 2018 to FY 2025. 2. Investment Week Sustainable Investment Awards 2026. 3. Infra Global ESG Awards 2026 (Infrastructure, Europe). Asset managementQuarterly Highlights Storebrand AM named Sustainable Investment Fund Management Group of the Year2 and AIP named ESG Equity Asset Manager of the Year3 AuM (NOK billion) 707 831 962 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q3 1,097 1,020 1,212 1,469 1,609 1,633 +12%1 5% YOY
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Growing Challenger in Norwegian Retail Market 9 1. According to the latest market data from Finance Norway. 2. Cash equivalent earnings before amortisation. 3. Growth figures expressed as CAGR from FY 2018 to FY 2025. Retail Insurance Retail bank Quarterly Highlights Kron has reached ~150,000 customers on the platform, up 23% year-on- year Retail insurance portfolio premiums surpassed NOK 7bn, with market share rising to 8.3%1 Quarterly result of NOK 370m for Retail Insurance in the quarter, up 36% compared to Q3 20252 Portfolio premiums (NOK billion) 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q3 1.7 1.9 2.3 3.1 3.7 4.1 4.9 6.2 7.0+20%3 18% YOY 47 48 50 57 67 77 87 97 100 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q3 +11%3 Loan balance (NOK billion) 5% YOY
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Knif transaction completed on 16 October 2026 • Storebrand ASA has received the required regulatory approvals, and the transaction was completed on 16 October 2026 • Serves the Christian and non-profit market both in the commercial and private segments, across motor, personal, travel, property and liability insurance lines • Consideration of NOK 560m, primarily new Storebrand shares; sellers remain as shareholders • Merger with Storebrand Forsikring expected in 2027 Completed Acquisition Profit before tax NOK 70m Gross premiums earned Key figures H1 2026 Combined ratio 77%NOK 418m
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title and Subtitle only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). 3.0% 3.5% Q3 2022 2.9% 4.5% Q3 2023 2.9% 4.5% Q3 2024 2.7% 4.6% Q3 2025 2.8% 5.1% Q3 2026 Record operating result in the quarter, financial result impacted by higher interest rates Key figures 11 Result development1 Return on equity2 and earnings per share3 SII Own funds4 and SCR Expected return above guaranteed interest rate, Norway5 425 384 327 635 301 70 1,091 Q3 2025 0 1,131 Q4 2025 0 1,026 Q1 2026 45 1,119 Q2 2026 34 1,182 Q3 2026 1,586 1,515 1,353 1,799 1,517 Special items Financial items and risk result life Cash equivalent earnings from operations 195% 194% 206% 200% 200% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 58.9 30.2 60.9 31.4 60.2 29.3 63.3 31.7 61.0 30.6 SII Own Funds SII Capital Requirement Interest rate guarantee p.a. Expected return SII ratio Guaranteed pension +230 basis points Cash EPS (NOK) 19% 17% 12% 20% 14% Annualised return on equity 1. Result before amortisation and tax. 2. Cash equivalent return on equity (ROE) annualised. 3. Earnings per share after tax adjusted for amortisation of intangible assets. 4. Own Funds including transitional capital. 5. Average of Defined benefit, Paid up and Individual in Norway. 6. Expected return is calculated based on current asset allocation using normal risk premiums for the next 12 months. Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 3.08 2.88 2.10 3.43 2.54 NOK million NOK billion 6 Group
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title and Subtitle only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Storebrand Group Solvency position and sensitivities Q3 2026 12 Q2 2026 Q3 2026 200 % 200 % SII-margin Q3 Interest rates -100 bp Interest rates +100 bp Equity -25%, SA -15p.p. Spread +50 bp, VA +15bp Property -10% Target SII margin 150% 200% 204% 191% 210% 192% 196% Solvency position 1 Estimated sensitivities Key takeaways Q3 2026 • Result generation and a stronger NOK relative to SEK were fully offset by the second share buyback tranche • From Q1 2027, Solvency II amendments and regulatory changes for guaranteed products are expected to strengthen the solvency margin by more than 10 p.p. 1. The estimated Economic solvency position of Storebrand Group is calculated using the current Storebrand implementation of the Solvency II Standard model. Output is sensitive to changes in financial markets, development of reserves, changes in assumptions and improvements of the calculation framework in the economic capital model as well as changes in the Solvency II legislation and national interpretation of transition rules. Group
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title and Subtitle only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Operational result increased 7% year-on-year despite currency headwinds and lower performance-based income Storebrand Group | Profit 13 1. The result may include special items. Please see storebrand.com/ir for a complete overview. For information about minorities, please see the Supplementary Information disclosure. Group Profit 1 Full year NOK million 2026 2025 2026 2025 2025 Fee and administration income 2 139 2 124 6 267 6 191 8 573 Insurance result 895 697 2 449 1 802 2 444 Operational cost -1 872 -1 730 -5 409 -5 148 -7 042 Cash equivalent earnings from operations 1 162 1 091 3 307 2 844 3 975 Financial items and risk result life 355 495 1 362 1 335 1 720 Cash equivalent earnings before amortisation 1 517 1 586 4 669 4 180 5 695 Amortisation and write-downs of intangible assets -63 -128 -191 -283 -357 Cash equivalent earnings before tax 1 454 1 458 4 478 3 897 5 339 Tax -458 -269 -1 277 -576 -869 Cash equivalent earnings after tax 996 1 189 3 201 3 320 4 469 Q3 Year to date
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title and Subtitle only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Profit by line of business Storebrand Group | Profit 14 1. The result may include special items. Please see storebrand.com/ir for a complete overview. Group Profit 1 Full year NOK million 2026 2025 2026 2025 2025 Fee and administration income 2 139 2 124 6 267 6 191 8 573 Insurance result 895 697 2 449 1 802 2 444 Operational cost -1 872 -1 730 -5 409 -5 148 -7 042 Cash equivalent earnings from operations 1 162 1 091 3 307 2 844 3 975 Financial items and risk result life 355 495 1 362 1 335 1 720 Cash equivalent earnings before amortisation 1 517 1 586 4 669 4 180 5 695 Profit per line of business Full year NOK million 2026 2025 2026 2025 2025 Savings - non-guaranteed 800 815 2 245 2 109 2 925 Insurance 485 364 1 247 796 1 062 Guaranteed pension 191 316 912 933 1 229 Other profit 41 91 265 343 479 Cash equivalent earnings before amortisation 1 517 1 586 4 669 4 180 5 695 Q3 Year to date Q3 Year to date
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title and Subtitle only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Unit Linked Norway and Sweden delivered strong profit growth, Retail Banking declined on a lower net interest margin Savings (non-guaranteed) 15 Savings 1. The Retail Banking segment includes Kron and savings distribution. More information is included in the Supplementary Information. Profit Full year NOK million 2026 2025 2026 2025 2025 Fee and administration income 1 864 1 825 5 403 5 298 7 370 Operational cost -1 121 -1 103 -3 266 -3 278 -4 497 Cash equivalent earnings from operations 744 721 2 137 2 019 2 874 Financial result 56 94 108 89 51 Cash equivalent earnings before amortisation 800 815 2 245 2 109 2 925 Profit per product line Full year NOK million 2026 2025 2026 2025 2025 Unit linked Norway 208 177 603 518 685 Unit linked Sweden 97 88 288 222 311 Asset management 343 342 900 781 1 223 Retail banking1 151 208 454 587 705 Cash equivalent earnings before amortisation 800 815 2 245 2 109 2 925 Q3 Year to date Q3 Year to date
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title and Subtitle only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 496 520 500 567 563 1.49 1.38 1.29 1.17 1.26 Key figures Savings (non-guaranteed) 16 Retail bank balance and net interest margin (%)Reserves and premiums Unit Linked2 Assets under management Movement in assets under management 1 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 1,561 1,609 1,543 1,658 1,633 78 80 80 83 83 17 Q3 2025 17 Q4 2025 17 Q1 2026 16 Q2 2026 16 Q3 2026 95 97 97 99 100 Life insurance balance sheet Bank balance sheet Q4 2025 3 Net flow 107 Return -86 Currency Q3 2026 1,609 1,633 Unit Linked reserves 1. Estimated flow and return numbers. 2. In Q2 2026, a portfolio amounting to NOK 11.9bn was transferred from Storebrand Bank to Storebrand Livsforsikring, and is thus included in the reported UL reserves. 7.9 7.6 7.9 7.9 7.6 Unit Linked premiums Interest margin Savings
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title and Subtitle only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Insurance profit up 33% on continued premium growth and improved combined ratio Insurance 17 Insurance 1. Retail property and casualty (P&C) insurance, and individual life and disability insurance. 2. Pension related disability risk Norway and Sweden, Group life and workers compensation Norway, and P&C to the SMB market in Norway. Profit Full year NOK million 2026 2025 2026 2025 2025 Insurance premiums f.o.a. 2 896 2 475 8 379 7 140 9 705 Claims f.o.a. -2 001 -1 778 -5 930 -5 338 -7 260 Operational cost -509 -416 -1 515 -1 245 -1 713 Cash equivalent earnings from operations 386 281 934 557 731 Financial result 99 83 313 239 331 Cash equivalent earnings before amortisation 485 364 1 247 796 1 062 Profit per business line Full year NOK million 2026 2025 2026 2025 2025 Retail insurance1 370 272 977 530 780 Corporate insurance 2 115 92 270 266 283 Cash equivalent earnings before amortisation 485 364 1 247 796 1 062 Q3 Year to date Q3 Year to date
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title and Subtitle only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors).94% 92% 92% 90% 90% Key figures Insurance 18 Key takeaways combined ratio and resultsCombined ratio Portfolio premiums Key takeaways premiums and growth ▪ Strong growth and result development within Retail. Satisfactory results in Corporate, where Group life delivered modest positive results in the quarter ▪ Successful sales in retail insurance led to cost increases of NOK 16m in the quarter compared to Q3 2025 ▪ 17% overall growth in premiums f.o.a. compared to the corresponding period last year ▪ 8.3% market share in Norwegian retail P&C compared to 7.6% in the same quarter last year 2 5,946 4,306 Q3 2025 6,243 4,334 Q4 2025 6,580 4,565 Q1 2026 6,913 4,233 Q2 2026 7,007 4,261 Q3 2026 10,252 10,577 11,145 11,146 11,268 Retail insurance Corporate insurance 72% 17% Q3 2025 75% 18% Q4 2025 75% 18% Q1 2026 68% 18% Q2 2026 69% 18% Q3 2026 89% 93% 93% 87% 87% Claims ratio (per quarter) Cost ratio (per quarter) 1. Combined ratio the past trailing twelve months. 2. According to the latest market data from Finance Norway. Insurance Combined ratio (TTM) 1
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title and Subtitle only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Lower result as higher interest rates and credit spreads reduced profit sharing Guaranteed pension 19 Guaranteed 1. The paid-up policies segment includes the sub-segment "Individual life and pension, Norway" Profit Full year NOK million 2026 2025 2026 2025 2025 Fee and administration income 364 387 1 124 1 150 1 552 Operational cost -247 -234 -701 -696 -939 Cash equivalent earnings from operations 117 153 424 454 613 Risk result life & pensions -7 -21 82 36 17 Net profit sharing 82 184 406 442 599 Cash equivalent earnings before amortisation 191 316 912 933 1 229 Profit per product line Full year NOK million 2026 2025 2026 2025 2025 Defined benefit (private & public sector), Norway 32 34 157 91 167 Paid-up policies, Norway 1 97 151 414 434 563 Guaranteed products, Sweden 62 130 342 408 500 Cash equivalent earnings before amortisation 191 316 912 933 1 229 Q3 Year to date Q3 Year to date
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title and Subtitle only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Key figures Guaranteed pension 20 Key takeawaysReserves guaranteed products Buffer capital 1 Guaranteed reserves in % of total reserves • Net profit sharing of NOK 82m in the quarter, negatively affected by increasing interest rates and credit spreads. Higher interest rates will improve expected returns going forward. • Buffer capital at 8.6% of customer reserves with guarantees in Norway and 31.2% in Sweden, up from 8.2% and 26.6% in Q3 2025. 227 229 222 218 212 41 42 42 43 41 35 Q3 2025 36 Q4 2025 34 Q1 2026 37 Q2 2026 35 Q3 2026 303 306 298 299 289 Customer buffers Actively sold Run-off 1. The term "Buffer capital" in this table is not consistent with the definition of buffer capital made in the IFRS accounting. 2. Includes Public Occupational Pensions buffer fund and market value adjustment reserve. Guaranteed NOK million Q3 2026 Q2 2026 Change Buffer fund 2 16 716 17 021 - 306 Excess value of bonds at amortised cost -14 007 -11 518 - 2 489 Conditional bonuses SPP 18 644 19 803 - 1 159 Total 21 352 25 307 - 3 954 47.7 % Q3 2022 44.0 % Q3 2023 39.6 % Q3 2024 37.9 % Q3 2025 34.0 % Q3 2026
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title and Subtitle only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Lower result as higher interest rates weighed on company portfolio returns Other 21 Other Profit Full year NOK million 2026 2025 2026 2025 2025 Fee and administration income 4 4 13 14 19 Operational cost -89 -68 -200 -200 -262 Cash equivalent earnings from operations -84 -64 -188 -185 -243 Financial result 125 155 453 528 721 Cash equivalent earnings before amortisation 41 91 265 343 479 Q3 Year to date
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Transition plan – on track towards 2030 climate goals 22 1. Full transition plan here. 2018 as baseline year, scope 1-2. Emissions intensity, weighted average of emissions relative to company revenue, tonnes of CO2e per NOK 1 million in sales income. 2. AuM in listed shares and corporate bonds which have set SBTi-validated targets. 3. Status as of 30 September 2026. 4. Equities and bonds updated 30 September 2026. Real estate updated 30 June 2026. Infrastructure updated 31 December 2025. Private Equity updated 31 December 2024. Targets Science based targets2 Solution investments 60% reduction by 2030 compared to 2018 level >42% of stocks and bonds by 2027 20% solution investments by 2030 Status 52%3 44%3 20%4 CO2 emissions stocks and bonds1
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Warm grey 2 Grey 2Gråtone til bruk mot lilla Gråtone til bruk mot rød Cool grey Warm grey Title only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Financial ambitions presented on the Capital Markets Day in December 2025 23 NOK 2bn In 2026 Growing Dividends every year1 17% ROE target 2028 NOK 7bn Result target 2028 Increasing cash result1 Increasing return on capital1 Increasing dividends Share buybacks NOK 1.5bn Annual share buybacks per year 2027-2030YE2 1. Cash equivalent earnings before amortisation and tax. For an overview of APMs used in financial reporting, please see www.storebrand.no/ir. 2. Subject to regulatory approval.
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Warm grey 2 Grey 2Gråtone til bruk mot lilla Gråtone til bruk mot rød Cool grey Warm grey Title only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). 24 Q&A Please join the MS Teams webinar to participate in the Q&A session Odd Arild Grefstad Kjetil R. Krøkje Johannes Narum Group CEO Head of Investor Relations Group CFO
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5_Title Slide Appendix
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title and Subtitle only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Storebrand Group Solvency movement from Q2 2026 to Q3 2026 26 Q2 2026 -2% Model and assumptions 0% Regulatory assumptions 4% Market return, business mix and allocation 3% Cash earnings -2% Dividend -3% Share buybacks Q3 2026 200% 200%
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Asset allocation and foreign currency exposure for unit linked and asset management sub-segments 27 FX exposure1 NOK SEK Other Foreign Unit Linked Norway 65 % 0 % 35 % Unit Linked Sweden 0 % 40 % 60 % Asset management 35 % 20 % 45 % Asset allocation1 Equities Bonds Alternatives Unit Linked Norway 70 % 20 % 10 % Unit Linked Sweden 80 % 20 % 0 % Asset management 50 % 30 % 20 % 1 Data rounded to the nearest 5% per Q1 2026
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Asset allocation – Guaranteed products 28 Equities Real estate Bonds & Money market Loans Bonds at amortised cost 30.09.2025 15% 10% 0% 12% 62% 31.12.2025 16% 10% 0% 12% 62% 31.03.2026 15% 11% 3% 11% 60% 30.06.2026 17% 11% 4% 11% 57% 30.09.2026 19% 10% 2% 10% 59% 0% 10% 20% 30% 40% 50% 60% 70% Equities Real estate Bonds & Money market Loans 30.09.2025 21% 15% 48% 16% 31.12.2025 20% 15% 50% 14% 31.03.2026 21% 16% 49% 14% 30.06.2026 23% 15% 48% 14% 30.09.2026 24% 16% 46% 15% 0% 10% 20% 30% 40% 50% 60% 70% Storebrand Livsforsikring AS (Norway) SPP (Sweden) Note: The graphs show the asset allocation for all products with an interest rate guarantee.
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Overview of Special items 29 Quarter Special items NOK million Comments Q3 2026 54 (finance) -20 (operational cost) • The Asset Management sub-segment recognised a NOK 54m financial income from the revaluation of earnout liabilities related to the AIP Management acquisition. • The Other segment recognised NOK 20m of non-recurring project related costs • Higher sales in the tied agent distribution channel had a NOK 16m negative impact on the operational cost in the overall insurance segment compared to Q3 2025. STB has no deferred acquisition cost in Insurance: when sales are strong all costs are taken up-front. This effect is not included in special items. Q2 2026 45 (finance) • The Asset Management sub-segment recognised a NOK 27m financial income from the revaluation of earnout liabilities related to the AIP Management acquisition. • In Retail Banking, a NOK 18m financial gain was recognised related to a revaluation of a minority ownership • Higher sales in the tied agent distribution channel had a NOK 32m negative impact on the operational cost in the overall insurance segment compared to Q2 2025. Q1 2026 • Higher sales in the tied agent distribution channel had a NOK 34m negative impact on the operational cost in the overall insurance segment compared to Q1 2025. Q4 2025 • Higher sales in the tied agent distribution channel had a NOK 50m negative impact on the operational cost in the overall insurance segment compared to Q4 2024. Q3 2025 70 (finance) -50 (write-down) • A NOK 70m financial gain was booked in Savings segment, Asset Management sub-segment, related to revaluation of earnout liabilities for the AIP Management acquisition. • A NOK -50m write-down of intangible assets associated with the Capital Investment acquisition was recognised under amortisations and write-downs in the quarter. • Higher sales in the tied agent distribution channel had a NOK 35m negative impact on the operational cost in the overall insurance segment compared to Q3 2024.
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). For further information 30 Contact us Information Kjetil R. Krøkje Group CFO Johannes Narum Head of Investor Relations Investor relations website Financial reports and information Follow us: A logo of a camera Description automatically generated A black and white logo Description automatically generated A white and black logo Description automatically generated A white and black play button Description automatically generated johannes.narum@storebrand.no +47 9933 3569 kjetil.r.krokje@storebrand.no +47 9341 2155
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Graph colors: Use eyedropper/ pipette tool to add color to your graph/chart if you use more than six colors in your graph. Title only Tip: When you import a graph the color of the chart-title, numbers etc. will appear in a grey- color. It will look better if you change this color to dark red, text 2 (color nr 4 in theme colors). Important information 31 This document may contain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that may be beyond the Storebrand Group’s control. As a result, the Storebrand Group’s actual future financial condition, performance and results may differ materially from the plans, goals and expectations set f orth in these forward-looking statements. Important factors that may cause such a difference for the Storebrand Group include, but are not limited to: (i) the macroeconomic development, (ii) change in the competitive climate, (iii) change in the regulatory environment and other government actions and (iv) market related risks such as changes in equity markets, interest rates and exchange rates, and th e performance of financial markets generally. The Storebrand Group assumes no responsibility to update any of the forward -looking statements contained in this document or any other forward-looking statements it may make.
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Warm grey 2 Grey 2Gråtone til bruk mot lilla Gråtone til bruk mot rød Cool grey Warm grey Title Big Only Thank you Financial calendar 10 February 2027 Results Q4 2026 32