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ENG_Analytikerpresentasjon SpareBank 1 Gruppen Q4 2016

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ENG_Presentation SpareBank 1 Group Q4 2016

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ENG_Analytikerpresentasjon SpareBank 1 Gruppen Q4 2016

  1. 1. SpareBank 1 Gruppen Q4 2016 1
  2. 2. Another good quarter 443 653 393 580 2016201520142013 Pre-tax operating profit in Q4 (MNOK) Return on equity (%) 20,3 28,0 17,2 19,1 2016201520142013 * 2015 1.617 2014 2.406 2013 1.659 2016 2.019 SpareBank 1 Gruppen (consolidated): 167 % SpareBank 1 Skadeforsikring AS (P&C): 196 % SpareBank 1 Forsikring AS (Life): 171 % 2 Pretax operating profit as of Q4 (MNOK) Solvency II ratio (Without transitional rules)
  3. 3. Solid underlying operations 454 1 279 517 1 447 9096 101 Receivables managementODIN Fund management 85 Non-life insuranceLife insurance 20162015 3 Pre-tax profit subsidiaries as of Q4 (MNOK)
  4. 4. Insurance 4
  5. 5. SpareBank 1 Forsikring AS (life insurance) Profit growth Fully reserved for both paid up policies and defined benefit contracts Key figures as of Q4 2016 (2015) in MNOK Pre-tax operating profit for the quarter (MNOK) Pre-tax operating profit as of Q4 (MNOK) 175 145 164 333 0 50 100 150 200 Q4 2016Q3 2016Q2 2016Q1 2016Q4 2015 479 638 506 454 517 0 200 400 600 800 20162015201420132012  Gross premium income: 4,987 (4,391)  Risk result: 372 (360)  Administration result: -71 (24)  Interest result: 287 (-77)  Pre-tax profit: 517 (454)  Solvency II ratio *): 171 % *) Without transitional rules. 5
  6. 6. Key figures as of Q4 2016 (2015) in MNOK SpareBank 1 Skadeforsikring (non-life insurance) Profitable growth and low claim ratios Reduction in claims, mainly due to lower weather claims.  Gross premium income: 5,359 (5,379)  Insurance result: 1,047 (988)  Run-off gains (gross) 453 (494)  Net financial result: 403 (194)  Pre-tax profit: 1,447 (1,279)  Solvency II ratio *) : 196 % Pre-tax operating profit for the quarter (MNOK) Pre-tax operating profit as of Q4 (MNOK) 382 207 234 346 660 0 200 400 600 800 Q4 2016Q3 2016Q2 2016Q1 2016Q4 2015 0 500 1.000 1.500 2.000 1.829 2014 1.279 1.447 2015 20162013 1.244 *) Without transitional rules. 6
  7. 7. Insurance result • Favorable weather conditions have contributed to a reduction in natural perils by MNOK 114 compared to 2015. • Run-off gains (net) were MNOK 401 (418) in 2016 (2015). Updated models indicate conservative claim levels for certain group of products. Given that this is an actual trend, the reserveres will be released over the next 5 years. • Combined ratio, net. 2016 (2015): • 79,0 % (81,0 %) SpareBank 1 Skadeforsikring (non-life insurance) Insurance result Insurance result (MNOK) Combined ratio, net (%) 21,3 19,2 21,2 58,2 43,0 57,8 2016 79,0 Q4 2016 62,2 Q4 2015 79,5 Net cost ratio Net claims ratio 686 660 988 1.047 2015 2016 Insurance result excl. run off-gains and nature Insurance result 7
  8. 8. ODIN Fund Management 8
  9. 9. 22 26 28 9 Q3 2016Q2 2016Q1 2016 Q4 2016 Key figures as of Q4 2016 (2015) in MNOK ODIN Forvaltning (Fund Management) Slightly lower earnings in 2016 than in 2015 Net inflows in both equity and balanced fund in 2016. Reduction in management fees. Writedowns of shares in subsidiary in Q4.  Operating income: 338 (355)  Operating expenses: 247 (259)  Pre-tax profit: 85 (96)  AUM: 44.447 (40.932) Pre-tax operating profit for the quarter (MNOK) 9
  10. 10. Receivables management 10
  11. 11. • SpareBank 1 Gruppen Finans has its operations in factoring, portfolio acquisitions and portfolio management. The company cooperates with Conecto which is operates in debt collection. Factoring, portfolio management and debt collection are working together to offer the market a complete set of services in receivables management. Receivables management Growth in both volume and income Pre-tax operating profit (MNOK) 83 90 82 19 101 6 SpareBank 1 Gruppen Finans *) TotalConecto (debt colllection) 2015 2016 11*) Consists of the two business areas Factoring and Portfolio
  12. 12. SpareBank 1 Gruppen 12 Q4 Figures in MNOK 2016 2016 2015 Pre-tax operating result from subsidiaries - SpareBank 1 Forsikring AS (life insurance) 33 517 454 - SpareBank 1 Skadeforsikring AS (non-life insurance) 660 1 447 1 279 - ODIN Forvaltning (fund management) 9 85 96 - SpareBank 1 Medlemskort -1 5 6 - SpareBank 1 Gruppen Finans AS (factoring and portfolio) 22 82 83 - Conecto AS (debt collection) 4 19 6 - Group corrections -115 -12 -158 Pre-tax operating result from subsidiaries 613 2 143 1 768 Operating expenses holding company (SpareBank 1 Gruppen AS) -17 -74 -84 Net finance holding company -16 -50 -47 Share of associated companies 1 1 4 Amortisation and write-downs 0 0 -22 PRE-TAX RESULT 580 2 019 1 617 Tax expense -99 -444 -301 PROFIT FOR THE PERIOD 482 1 575 1 316
  13. 13. The SpareBank 1 Alliance SpareBank 1 Gruppen AS (SB1G) SpareBank 1 Forsikring AS (Life insurance) SpareBank 1 Skadeforsikring AS (Non-life insurance) ODIN Forvaltning AS (Fund management) SpareBank 1 Medlemskort AS (LOfavør) Conecto AS (Debt collection) SpareBank 1 Gruppen Finans AS (Factoring – Portfolio) Banksamarbeidet DA (BS) EiendomsMegler 1 Norge AS SpareBank 1 Kundesenter AS SpareBank 1 Verdipapirservice AS SpareBank 1 ID AS SpareBank 1 Axept AS 13 SpareBank 1 Næringskreditt AS (Covered bond issuer) BN Bank ASA SpareBank 1 Kredittkort AS (Credit card) SpareBank 1 Mobilbetaling AS (mCASH) SpareBank 1 Boligkreditt AS (Covered bond issuer) SpareBank 1 Markets AS SAM-SPAR

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