Solid Försäkring (SFAB) Q3 2026 earnings summary

Executive summary

• Q3 technical result rose 4% to KSEK 39,989; excluding allocated investment return, it increased 8%, with improved profitability across all segments.

• Q3 combined ratio improved to 86.8% from 87.6%; profit before tax was KSEK 54,745 versus KSEK 55,726.

• SCR ratio increased 5 pp in Q3 to 199%, supported by positive operating profit despite share repurchases and acquisitions.

• 9M technical result rose 3% to KSEK 106,932; combined ratio improved to 88.2% from 89.3%.

Financial highlights

• Q3 gross written premiums were KSEK 263,770 versus KSEK 263,368; net premiums earned rose 1% to KSEK 266,304.

• 9M gross written premiums rose 1% to KSEK 751,300; net premiums earned fell 3% to KSEK 781,838.

• Q3 net profit was KSEK 41,296 versus KSEK 43,308; 9M net profit was KSEK 108,075 versus KSEK 110,609.

• Q3 investment portfolio result was KSEK 19,200 versus KSEK 22,200, reflecting higher realized capital gains in the prior-year period.

Outlook and guidance

• Medium-term targets: annual net premiums-earned growth of 4–7%, combined ratio below 90%, RoNAV above 14% and SCR ratio of at least 150%.

• At 30 September, outcomes were -3% premiums-earned growth, 88.2% combined ratio, 16.8% RoNAV and 199% SCR ratio.

• Winassist roadside-assistance partnership launch expected in Q4 2026; selective acquisitions remain part of the growth strategy.