Storebrand stock falls 1.13 percent as buybacks continue
Published on 09/24/2026 at 22:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Storebrand stock fell 1.13 percent to NOK 192.80 on Oslo Bors on September 24, 2026, leaving the shares 7.40 percent below their 52-week high of NOK 208.20. The move came as the Norwegian financial group continued a share buyback program that had lifted treasury shares to 1.80 percent of share capital.
Q2 result reaches NOK 1.8 billion
Storebrand reported a quarterly result of NOK 1.8 billion for Q2 2026, up 26 percent from the same quarter of 2025, according to Yahoo Finance. Earnings from operations increased 17 percent, while earnings per share reached NOK 3.43, a 19 percent year-over-year increase.
The first-half result stood at NOK 3.2 billion, representing 22 percent growth from the first half of 2025. Annualized cash return on equity reached 20 percent in Q2 2026, giving the earnings report a profitability measure beyond the headline result.
Buyback reaches 1.80 percent
Storebrand repurchased 170,000 shares between August 24 and August 28, 2026, at volume-weighted average prices between NOK 202.36 and NOK 207.22, according to The Globe and Mail. Cumulative purchases under the program reached 1,528,747 shares, with a transaction value of NOK 308.089 million.
The contrast is important for investors: operating results improved in Q2, while the September 24 price stood NOK 15.20 below the buyback range's lower end of NOK 208.00. That gap shows that the market price has moved below the levels used in the latest reported repurchases.
Stock closes below yearly high
Storebrand closed at NOK 192.80 on Oslo Bors on September 24, 2026, down NOK 2.20 from the previous session. Market capitalization stood at NOK 80.715 billion on the same date, while the 52-week range extended from NOK 148.50 to NOK 208.20.
Storebrand stock facts
- Company: Storebrand ASA
- Ticker: STB
- Trading venue: Oslo Bors
- Closing price (September 24, 2026): NOK 192.80
- Market capitalization: NOK 80.715 billion (as of September 24, 2026)
- 52-week range: NOK 148.50-NOK 208.20 (as of September 24, 2026)
- Sector / Industry: Financial Services / Financial - Conglomerates
