Solid Försäkringsaktiebolag: Year-end Report for 2024 financial year

Stable insurance operations, record-breaking earnings per share for the full-year and proposed dividend increase

October-December 2024*

• Gross written premiums amounted to KSEK 260,742 (286,232).
• Premiums earned, net of reinsurance, increased 2 per cent to KSEK 273,103 (268,823)
• Technical result declined 6 per cent and amounted to KSEK 35,557 (37,951)
• The combined ratio was 89.2 per cent (88.8)
• The result of asset management amounted to KSEK 7,091 (33,180).
• Profit before tax declined to KSEK 37,875 (64,402)
• Basic and diluted earnings per share declined to SEK 1.65 per share (2.36)

January-December 2024*

• Gross written premiums declined 1 per cent to KSEK 1,103,408 (1,118,179)
• Premiums earned, net of reinsurance, increased 3 per cent to KSEK 1,128,588 (1,094,098)
• Technical result amounted to KSEK 148,774 (162,299)
• The combined ratio was 89.6 per cent (88.0)
• Result of asset management rose to KSEK 90,684 (85,583), and total return was 6.6 per cent (6.2)
• Profit before tax amounted to KSEK 211,163 (219,776)
• Basic and diluted earnings per share increased to SEK 8.99 per share (8.67)
• The Board proposes that the 2025 Annual General Meeting resolve on a dividend of SEK 5.00 per share (4.50).

* 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 and on the last page of this report. 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.

Teleconference in connection with publication of the Year-end Report
In connection with the publication of the year-end report, CEO Marcus Tillberg and CFO Sofia Andersson will hold a teleconference on 7 February 2025 at 11:00 a.m. CET. To participate in the conference, click on the following link https://solid-forsakring.events.inderes.com/q4-report-2024, which you can also use to write questions. If you want to ask a question verbally at the teleconference, register using the following link https://conference.inderes.com/teleconference/?id=5009249. After registering you will receive a telephone number and ID to log into the conference. Presentation material will be available on Solid's website: https://corporate.solidab.se/en/investors/reports-and-presentations/

Interim reports
The complete January-December 2024 Year-end Report will be available on https://corporate.solidab.se/en/investors/reports-and-presentations/

Contacts

Marcus Tillberg, CEO, [e-mail]; [phone]
Sofia Andersson CFO, [e-mail], [phone]
Johan Hähnel, Head of IR, [e-mail], [phone]

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. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-07 07:30 CET.