Storebrand hits fresh Oslo record, shares stand out in Nordic insurance

By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-25, 20:09.

Storebrand (NO0003053605) extended its recent strength on the Oslo Stock Exchange, with the shares reaching a new all-time high this week. According to Investing.com, the stock closed at 182.80 Norwegian kroner after a 1.90 percent gain on Thursday while the Oslo OBX index declined 0.65 percent.

New high as Norway index softens

Norwegian equities finished lower on Thursday, with the Oslo OBX hitting a three-month low, yet Storebrand and peers in the insurance segment bucked the trend. Storebrand’s 3.40-kroner advance to 182.80 kroner put it among the top gainers on the index and marked a fresh record close for the shares.

Other domestic blue chips such as Gjensidige Forsikring and Orkla also traded higher, underlining a relatively robust performance for defensive names in an otherwise weaker market. The move comes as investors reassess Nordic financials against a backdrop of subdued transport and media stocks on the Oslo bourse.

Analysts highlight Nordic insurers

In a sector note on Nordic insurance, Kepler Cheuvreux recently argued that regional insurers stand out on valuation and capital returns, assigning a "buy" rating to Storebrand alongside Sampo. The broker points to Storebrand’s position in long-term savings and life insurance as a driver of stable fee and underwriting income across cycles.

Derivatives and CFD platforms such as Capital.com also flag Storebrand as a key Norwegian financial name for investors seeking exposure to Nordic pension and insurance themes, emphasizing its multi-line business model and Oslo listing under the ticker STB. This analyst and market attention has helped keep the stock on the radar beyond its domestic investor base.

How Storebrand earns its money

Storebrand’s core activities lie in long-term savings, pensions and insurance in Norway and Sweden, spanning occupational pension plans, individual retirement savings and life insurance products. The group also offers asset management and health and property insurance, using its pension and savings franchise to distribute a broad range of financial services.

Where the shares trade today

The Storebrand shares (NO0003053605) last traded on the Oslo Stock Exchange at 182.80 Norwegian kroner on 2026-06-25, 16:30, according to exchange data aggregated by Investing.com.

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. All data are based on sources deemed reliable but cannot be guaranteed. Investors should conduct their own research and consider their individual financial situation before making investment decisions.