Solid Forsakringsaktiebolag · OMXSTO:SFAB
Solid Forsakringsaktiebolag — Q3 2022 Earnings Presentation
18 slides from Solid Forsakringsaktiebolag's earnings presentation, 2022
Slide 1: Q3 2022 Presentation
Q3 2022 Presentation 1
Slide 2: Marcus Tillberg, Sofia Andersson
Marcus Tillberg Sofia Andersson Chief Executive Officer Chief Financial Officer 2
Slide 3: Highlights Q3
Highlights Q3 Continued strong growth in sales, GWP +12 % vs LY All operating segments contributed to growth during the period Technical result grew by +52% (adjusted for NRI related to the IPO process) Best quarter in company history with regards to the technical result Increased partnerbase during
Slide 4: Financial summary Q3
Financial summary Q3 - GWP growth +12% - NEP growth +14 % - Technical result* grew by +52 % - Combined ratio (CoR) 85,4% - Result of asset management amounted to +0,6 MSEK - Profit before tax +31 % * adjusted Solid Forsakring
Slide 5: GWP development
GWP development GWP Segment split GWP (Q3) +7% Geographical split GWP (Q3) 500 1000 450 866,1 900 11% 400 732,4 800 4% 350 700 Product 304,2 36% Personal safety 8% 300 272,2 600 32% 250 500 200 400 17% 61% 150 300 100 200 Assistance 32% 50 100 0 0 +12% +18% 5
Slide 6: Personal safety
Personal safety Highlights Net earned premiums Gross profit 40 100 282,5 283,7 300 140 35 90 78,7 250 74,3 80 120 30 26,9 25,4 70 92,9 96,2 100 200 25 60 80 20 50 150 60 15 40 100 30 40 10 20 50 20 5 10 0 0 0 0 +8% +4% +/-0% +6% +6% 6
Slide 7: Assistance
Assistance Highlights Net earned premiums Gross profit 40 70 300 140 264,4 59,1 35 60 250 120 30 50 184,9 24,7 100 90,8 200 25 37,9 40 80 20 65,8 150 30 60 15 13,5 100 40 20 10 50 10 20 5 0 0 0 0 +38% +43% +84% +56% 7
Slide 8: Product
Product Highlights Net earned premiums Gross profit 300 40 60 274,3 140 255,4 35 48,4 250 45,5 50 120 30 100 93,0 200 40 87,4 25 80 150 20 30 60 13,7 13,9 15 100 20 40 10 50 10 20 5 0 0 0 0 +6% +7% +2% +6% 8
Slide 9: Q1 in figures
Q1 in figures 9
Slide 10: NEP development
NEP development Net earned premiums Comments 600 840 822,5 820 500 800 400 780 760 300 280,0 246,1 740 722,8 200 720 700 100 680 0 660 +14% +14% 10
Slide 11: Technical result & Combined ratio (adjusted)
Technical result & Combined ratio (adjusted) Technical result Combined ratio 70 140 100% 100% 88,4% 88,4% 86,9% 118,2 90% 85,4% 90% 60 120 80% 80% 50 45,8 100 70% 70% 86,5 60% 60% 40 80 50% 50% 30 28,2 60 40% 40% 20 40 30% 30% 20% 20% 10 20 10% 10% 0 0 0% 0% +52% +34% -3ppt -1,5ppt 11
Slide 12: Asset management
Asset management Investment portfolio MSEK As per 2022-09-30 Bonds and other interest-bearing securites Subordinated loans Shares Cash Total investment assets 12
Slide 13: Asset management
Asset management Result of asset management (MSEK) Result of asset management Total return 4,0% 30,0 3,1% 3,0% 20,0 2,0% 10,0 1,0% 0,0 0,0% -10,0 -1,0% -20,0 -2,0% -30,0 -2,2% -3,0% -40,0 13
Slide 14: Profit before tax (adjusted)
Profit before tax (adjusted) 80 180 70 160 140 60 122,3 120 50 43,6 100 40 78,6 33,2 80 30 60 20 40 10 20 0 0 -68% +31% -36% 14
Slide 15: Solvency capital requirement (SCR)
Solvency capital requirement (SCR) +10 pp +11 pp Comments 1 200 200% 1 100 180% 173% +11 pp 1 000 170% 168% 169% 180% 900 160% 800 700 863 797 806 823 140% 600 757 500 120% 400 446 462 479 487 478 300 100% Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 SII Capital SCR SCR ratio 15
Slide 16: Going forward - outlook
Going forward - outlook • • • • • • 16
Slide 17: Summary Q3
Summary Q3 Best quarter in company history with regards to the technical result Continued strong growth in sales, GWP +12% vs LY Net earned premiums grew by 14% Technical profit grew by +52% Increased partnerbase during the period Improved profitability with a Combined ratio 85,4 % Strong capital po
Slide 18: Thank you!
Thank you! 18
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