Nord Insuretech Group (NORDIG) Q4 2025 earnings summary

Executive summary

• 2025 marked a transition from validating the business model to scaling operations, highlighted by the entry of MNK Group as a major strategic investor and accelerated warrant exercise.

• Achieved significant growth across all key performance indicators, with new business premiums (GWP) increasing nearly fourfold year-over-year and the insurance premium portfolio up 145%.

• Digital sales reached a tipping point, with 60% of new sales in Q4 completed fully digitally, enhancing scalability and reducing traditional sales costs.

Financial highlights

• Full-year new business premiums (GWP) rose to SEK 57.573m from SEK 13.880m year-over-year.

• Insurance premium portfolio ended at SEK 61.755m, up from SEK 25.255m year-over-year.

• Net revenue for the year was SEK 4.279m, up from SEK 3.256m, while EBITDA was SEK -20.243m (prior year: SEK -18.994m).

• Profit after tax improved to SEK -35.601m from SEK -38.040m, with earnings per share at SEK -0.10 (prior year: SEK -0.16).

• Equity ratio strengthened to 42% from 11%, and cash and cash equivalents increased to SEK 10.190m from SEK 4.679m.

Outlook and guidance

• Focus for 2026 is to capitalize on momentum, expand partnerships, and continue transforming insurance distribution in the Nordic region.

• Ambition to achieve positive operating performance by 2027, supported by a strengthened balance sheet and digital growth engine.