Stable earnings trend in insurance operations and underlying sales growth
January - March 2025*
- Gross written premiums amounted to KSEK 229,286 (262,474)
- Premiums earned, net of reinsurance amounted to KSEK 273,664 (277,804)
- Technical result amounted to KSEK 33,790 (38,757).
- The combined ratio was 90.0 per cent (89.3)
- The result of asset management amounted to KSEK 13,125 (27,997) Total return, from the beginning of the year, amounted to 1.1 per cent (2.0) and on a rolling 12 month basis to 5.8 per cent (6.8)
- Profit before tax amounted to KSEK 40,549 (57,888)
- Basic earnings per share amounted to SEK 1.75 per share (2.43) and diluted earnings per share to SEK 1.75 (2.40)
- The Board proposes that the 2025 Annual General Meeting resolve on a dividend of SEK 5.00 per share (4.50).
Significant events during and after the period
In March, Solid Försäkring signed an agreement with Garantipartner Skandinavien AB to acquire the acquire the assets and liabilities in the business. Garantipartner Skandinavien AB offers warranty products, mainly for used cars and motorhomes, has partnerships with approximately 470 car dealers in the Swedish market, and reported sales of approximately KSEK 20,000 in 2024. The operations were transferred on 15 April 2025.
* 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 interim report
In connection with the publication of the interim report, CEO Marcus Tillberg and CFO Sofia Andersson will hold a webcast teleconference on 24 April 2025 at 11:00 a.m. CEST.
If you wish to participate in the webcast, use the link below. Written questions may be asked during the webcast.
https://solid-forsakring.events.inderes.com/q1-report-2025
To participate in the teleconference, register using the following link https://conference.inderes.com/teleconference/?id=5002952. Verbal questions may be asked.
Presentation material will be available on Solid's website: https://corporate.solidab.se/en/investors/reports-and-presentations/
Interim reports
The complete interim report for January to March 2025 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. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-04-24 07:30 CEST.
