Solid Forsakringsaktiebolag · OMXSTO:SFAB
Solid Forsakringsaktiebolag — Q1 2026 Earnings Presentation
16 slides from Solid Forsakringsaktiebolag's earnings presentation, Apr 28, 2026
Slide 1: Q1 2026 Presentation
Q1 2026 Presentation Solid Forsakring
Slide 2: Presenters: Chief Executive Officer and Chief Financial Officer
Marcus Tillberg Sofia Andersson Chief Executive Officer Chief Financial Officer 2
Slide 3: Highlights Q1
Highlights Q1 Strong development in the insurance business • Gross written premiums increased by +4 % vs LY. Excluding the effects of the divestment of the Swiss branch, gross written premiums grew by 9 %. • Net earned premiums decreased by -4 % % vs LY (+3 % underlying growth*). • Growth in net ear
Slide 4: Strong financial position - increased dividend and new buy-back program
Strong financial position - increased dividend and new buy -back program • Strong financial position, SCR 189 % - post dividend. • New buy-back program authorized by the AGM. • AGM decided on an ordinary dividend of 5,25 SEK (5,00 SEK) and an extraordinary dividend of 1,50 SEK. 4
Slide 5: GWP development
GWP development Gross written premiums (MSEK) Segment split GWP +7% Geographical split GWP Q1 (Q1 LY) 300,0 100% 90% 238,5 250,0 229,3 36% 33% 36% 80% 70% 200,0 60% 15% 15% 14% 150,0 50% 40% 100,0 7% (9%) 6% (6%) 30% 49% 51% 51% 20% 50,0 10% 77% (69%) 0,0 0% 2025 Q1 2026 Q1 2025 Q1 2025 Q1 adj 2026
Slide 6: Assistance
Assistance Highlights Q1 Net earned premiums (MSEK) Gross profit (MSEK) - GWP increased by +3 % vs LY. Excluding the 120 20 effects of the divestment of the Swiss branch, GWP increased by +16 % vs LY, driven by higher 100 93,6 sales within insurance concepts related to car 15,3 87,0 14,6 warranties
Slide 7: Product
Product Highlights Q1 Net earned premiums (MSEK) Gross profit (MSEK) - GWP decreased by -5 % vs LY driven by lower 100 20 demand within the retail sector. 90 - NEP decreased by -22 % vs LY, mainly related to 80 14,9 home electronic insurances. Excluding the 15 effects related to the divestment of th
Slide 8: Personal Safety
Personal Safety Highlights Q1 Net earned premiums (MSEK) Gross profit (MSEK) 140 35 32,8 - GWP increased by +8 % vs LY, driven by PPI in 123,0 the Swedish market with the relatively new 120 113,6 30 28,8 partnerships. - NEP increased by +8 % vs LY related to PPI in 100 25 the Swedish market. NEP inc
Slide 9: NEP development
NEP development Net earned premiums (MSEK) Comments YTD 300 273,7 - Underlying growth* in NEP vs LY amounted to +3 %. 262,0 250 - NEP in Personal Safety increased by +8 % vs LY, mainly related to PPI in the Swedish market. 200 - NEP in Assistance decreased by -7 % vs LY. Underlying growth* amounted
Slide 10: Technical result & Combined ratio
Technical result & Combined ratio Technical result (MSEK) Combined ratio 40 100% 90,0% 88,7% 33,8 34,4 90% 35 4,8 80% 6,3 Allocated investment 25,3% 24,8% 30 return Loss ratio 70% 25 60% 20 Technical result, 50% excluding Allocated investment return 40% 15 29,6 27,5 Expense ratio 30% 64,6% 63,9% 10
Slide 11: Asset management
Asset management Investment portfolio MSEK As per 2026-03-31 Cash (fixed rate) 2025-03-31 2026-03-31 4% Bonds and other interest-bearing Cash securites 917 782 20% Subordinated loans 127 186 Shares 95 114 Cash 168 279 Shares Bonds and other 8% interest-bearing securites Cash (fixed rate) 68 50 55% T
Slide 12: Asset management
Asset management Result of asset management (MSEK) Result of asset management (MSEK) Total return (YTD) Q1 2025 Q1 2026 2,0% Q1-26 Q4-25 Total investment income 19,4 16,5 Q3-25 Q2-25 1,5% Investment charges -2,6 -0,9 Q1-25 Q4-24 Q3-24 1,1% Q2-24 Unrealised gains/losses on investment assets 1,0% Q1-2
Slide 13: Profit before tax
Profit before tax Q1 2025 (MSEK) Q1 2026 (MSEK) 45 45 6,7 40,5 40 40 33,8 34,4 35 35 4,8 28,8 30 6,3 30 -5,5 25 25 20 20 15 15 29,6 27,5 10 10 5 5 0 0 Technical result Investment return & other Profit before tax Technical result Investment return & other Profit before tax +8% Technical result +2% -2
Slide 14: Solvency capital requirement (SCR)
Solvency capital requirement (SCR) +1 pp 0 pp Comments 1 200 220% 203% 1 100 193% 1 000 188% 189% 189% 200% +1 pp - Q4 2025 and Q1 2026 are both adjusted for the 900 180% proposed dividends related to 2025 result. 800 983 916 936 901 921 160% - The solvency ratio remained strong during the 700 perio
Slide 15: Summary Q1
Summary Q1 • Strong development in the insurance business. • Financial markets impacted by high volatility. • Underlying sales growth, gross written premiums increased by +9 %. • Strong growth within segments Personal Safety and Assistance. • Improved profitability during the period, combined ratio
Slide 16: Thank you!
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Solid Försäkringsaktiebolag — Q1 2026 Earnings Presentation on 6ix