Solid Försäkring
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Solid Försäkring (SFAB) investor relations material

Solid Försäkring Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary10 Feb, 2026

Executive summary

  • Q4 2025 earnings increased 19% year-over-year to SEK 45.1 million, with adjusted profit before tax up 35%, driven by strong sales in Personal Safety/Trygghet and Assistance/Assistans segments.

  • Underlying sales and premium growth in Personal Safety/Trygghet and Assistance/Assistans segments, despite headline declines from portfolio changes.

  • Expanded partnership with Norion Bank and new collaborations with Clas Ohlson, Klarsynt, and Scandinavian Photo.

  • Share buyback program continued, with 278,424 shares acquired by year-end, about 30% of mandate executed.

  • Two non-recurring items impacted Q4 by SEK -6 million: positive from Swiss branch divestment, negative from a failed acquisition.

Financial highlights

  • Q4 gross written premiums were SEK 249.2 million, down 4% year-over-year; underlying sales up 5%, premiums up 2%.

  • Q4 technical result was SEK 29.5 million (down 17%), adjusted technical result SEK 35.5 million (flat); asset management result was SEK 19.0 million (up 168%).

  • Q4 profit before tax increased 19% to SEK 45.1 million; adjusted profit before tax up 35%.

  • Q4 basic EPS was SEK 2.15 (up 31%); full-year basic EPS was SEK 8.31 (down 8%).

  • Board proposes total dividend of SEK 6.75 per share (SEK 5.25 ordinary + SEK 1.50 extra).

Outlook and guidance

  • Targeting annual premium growth of 4–7% for 2026, combined ratio below 90%, RoNAV above 14%, and SCR ratio above 150%.

  • Temporary negative effects from portfolio changes and terminated agreements expected to lessen in 2026.

  • Cooperation with Norion Bank to launch in Q3 2026, expected to drive further growth.

  • Strong capital position enables organic growth, new partnerships, and potential acquisitions.

  • Board assesses proposed dividend as balanced, supporting future growth and shareholder value.

Justify extraordinary dividend proposal
Future M&A strategy after failed acquisition
Product segment sales decline mitigation plans?
SCR after dividend: How will excess capital be used?
2026 Net Earned Premium growth drivers & headwinds?
Details on the failed larger acquisition process
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Next Solid Försäkring earnings date

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Q1 202628 Apr, 2026
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Q1 202628 Apr, 2026

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Frequently asked questions

Solid Försäkring provides niche insurance products, including consumer-related coverage such as travel, product, and vehicle insurance. The company distributes its services through partnerships with retailers and other distribution partners across Nordic and European markets. The company is headquartered in Helsingborg, Sweden, and its shares are listed on the STO.

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