Insr Insurance Group (INSR) Q4 2025 earnings summary

Executive summary

• Operating income for 2025 was MNOK 42.7, down from MNOK 94.1 in 2024; annual net result was MNOK 27.3, compared to MNOK 76.6 the previous year.

• Since 2022, the company has operated solely as an investment entity, focusing on equities and bonds.

• No significant post-year-end events affecting the company's position were identified.

Financial highlights

• Equity at year-end was MNOK 158.7, with total liabilities of MNOK 243.3.

• Total assets increased to MNOK 402.0 from MNOK 311.5 year-over-year.

• Net cash flow from operations was negative, mainly due to realized/unrealized losses and securities transactions.

• No tax expense was recognized for 2025 or 2024.

Outlook and guidance

• The board confirms the going concern assumption and sees no market or price developments of concern beyond what is disclosed.