Premium income and profit before tax increased 5 per cent
April-June 2024*
- Gross written premiums increased 5 per cent to KSEK 284,205 (271,647)
- Premiums earned, net of reinsurance, increased 6 per cent to KSEK 285,341 (269,863)
- Technical result fell to KSEK 35,452 (41,031)
- The combined ratio was 90.6 per cent (87.7)
- Result of asset management rose 51% and amounted KSEK 25,300 KSEK (16,728)
- Profit before tax increased 5 per cent to KSEK 52,755 (50,383)
- Basic and diluted earnings per share increased to SEK 2.23 per share (2.04)
January-June 2024*
- Gross written premiums declined 1 per cent to KSEK 546,679 (551,607)
- Premiums earned, net of reinsurance, increased 2 per cent to KSEK 563,145 (550,015)
- Technical result fell to KSEK 74,209 (80,897)
- The combined ratio was 90.0 per cent (88.0)
- Result of asset management rose 44% and amounted KSEK 53,297 KSEK (37,098) Total return, from the beginning of the year, amounted to 3.9 per cent (2.7) and on a rolling 12 month basis to 7.7 per cent (4.5)
- Profit before tax increased 7 per cent to KSEK 110,643 (103,595)
- Basic and diluted earnings per share increased to SEK 4.66 per share (4.18)
* Some performance measures stated in this section have not been prepared in accordance with IFRS or the Solvency II regulations, which means that they are "alternative performance measures". The calculations and reconciliation against information in the financial statements of these performance measures are presented on the website under "Financial statements". Definitions of performance measures are presented on the company's website. Changes and comparative figures on this page and elsewhere in this interim report refer to the same period last year. All amounts are presented in KSEK unless otherwise stated.
Meeting for investors, analysts and the media in connection with publication of the interim report
The company will not arrange a webcast teleconference in connection with the publication of the six-month report, but Marcus Tillberg, CEO and Sofia Andersson, CFO, will be available on the reporting date from 8:00 a.m. for virtual meetings with investors, analysts and the media.
Interim reports
The complete interim report for January to June 2024 will be available on https://corporate.solidab.se/en/investors/reports-and-presentations/
Contacts
Marcus Tillberg, CEO, marcus.tillberg@solidab.se; +46 (0)70-378 20 65
Sofia Andersson CFO, sofia.andersson@solidab.se, +46 (0)70-042 11 77
Johan Hähnel, Head of IR, johan.hahnel@solidab.se, +46 (0)70-605 63 34
About Solid Försäkring
Solid Försäkring is a non-life insurance company founded in 1993. Solid Försäkring focuses on niche insurance, with the Nordic region as its core market. The non-life insurance operations are divided into three segments: Product, Personal Safety and Assistance. Solid Försäkring has a strong customer base of private customers in the Nordic region which are primarily sourced through partnerships with leading retail chains within several different industries and banks, credit market companies and other financial institutions, travel agencies, car dealerships and car repair shops. Solid Försäkringsaktiebolag is listed on Nasdaq Stockholm.
This information is information that Solid Försäkring is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-07-18 07:30 CEST.
