Folksam (FS) Q4 2025 earnings summary

Executive summary

• Achieved strong financial results in a turbulent year, with increased profitability and lower operating and claims costs, benefiting customers through higher returns and rebates.

• Continued focus on digitalization, automation, and process efficiency, including difficult decisions like office closures to streamline operations.

• Distributed over SEK 3 billion in rebates to life insurance savers and SEK 500 million to non-life customers.

• Strengthened partnerships with unions and sports organizations, and launched new health support for over a million union customers.

Financial highlights

• Total assets under management rose to SEK 999 billion from SEK 920 billion, driven by strong global and Swedish equity markets.

• Group-wide returns: 8.3% for occupational pension, 7.5% for life, 7.2% for KPA occupational pension, and 7.2% for non-life.

• Premium volume for the group reached SEK 71.9 billion, with a customer index (FKI) of 75%.

• Non-life insurance premiums increased 6% to SEK 18.3 billion, with a pre-tax profit of SEK 6.2 billion and a cost ratio improvement to 84.4%.

• Life insurance group premiums were SEK 60 billion, with assets under management at SEK 642 billion and a solvency ratio of 212%.

Outlook and guidance

• Ongoing investments in digitalization and efficiency are expected to further improve customer value and operational performance.

• Continued focus on sustainability, with new climate targets and increased investments in green and social bonds.