Increased longevity reserves stop Storebrand dividend
Norway-based financial services group Storebrand has passed on a 2012 dividend because all of the “high returns” generated in 2012 have been swallowed up by a NKr4.3bn ($782m) strengthening of longevity reserves in Norway, of which NKr3.2bn will be booked for 2012. As a result, no dividend is proposed.
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