Folksam (FS) Q2 2025 earnings summary

Executive summary

• Improved profitability in H1 2025, with enhanced customer service and operational efficiency amid economic uncertainty.

• Financial position remains strong, with high solvency and consolidation ratios across key entities.

• Total premium volume stable at SEK 42 billion; total assets under management increased to SEK 937 billion.

• Individual savings in Folksam Liv rose 53% to nearly SEK 5 billion.

• Key strategic initiatives include cost control, digitalization, and sustainability commitments.

Financial highlights

• Total premium volume for H1 2025: SEK 42 billion, unchanged year-over-year.

• Assets under management: SEK 937 billion, up from SEK 891 billion year-over-year.

• Folksam Sak premium income up 7% to SEK 9,009 million; improved technical result and cost ratio.

• Folksam Liv premium income at SEK 33,081 million, slightly down due to payment timing effects.

• Total returns: Folksam Liv 2.9%, Folksam Sak 3.7%, Folksam Tjänstepension 2.5%, KPA Tjänstepension 1.8%.

Outlook and guidance

• Economic recovery in Sweden remains slow, but fiscal stimulus and potential further rate cuts may support households.

• Export sector sentiment is improving, but global uncertainties persist due to tariffs and market volatility.