Solid Försäkring (SFAB) investor relations material

Executive summary

• Profit before tax for Q2 2026 rose 24% year-over-year to SEK 57.6 million, with strong profitability across all segments and improved asset management results.

• Gross written premiums increased 1% in Q2 and 2% for H1 2026, with underlying sales growth of 5–7% when excluding non-recurring items and portfolio transfers.

• Combined ratio improved to 89.1% in Q2 and 88.9% for H1, both below the target of 90%.

Financial highlights

• Q2 2026: Gross written premiums SEK 248.98m (+1%), premiums earned net SEK 253.58m (–4%), technical result SEK 32.59m (+2%), asset management result SEK 29.56m (+46%), profit before tax SEK 57.57m (+24%), EPS SEK 2.53 (+27%).

• H1 2026: Gross written premiums SEK 487.53m (+2%), premiums earned net SEK 515.53m (–4%), technical result SEK 66.94m (+2%), asset management result SEK 28.74m (–14%), profit before tax SEK 86.42m (–1%), EPS SEK 3.77 (+1%).

• Claims ratio for Q2 was 26.0% (up from 24.4%), expense ratio 63.0% (down from 65.9%), combined ratio 89.1% (improved from 90.2%).

Outlook and guidance

• Management targets annual growth in premiums earned of 4–7%, combined ratio below 90%, RoNAV above 14%, and SCR ratio of at least 150%.

• New partnerships expected to contribute to growth in H2 2026, including launches with Suomen OEL Oy and expanded Riddermark Bil AB cooperation.