Solid Forsakringsaktiebolag · OMXSTO:SFAB
Solid Forsakringsaktiebolag — Q4 2025 Earnings Presentation
16 slides from Solid Forsakringsaktiebolag's earnings presentation, Feb 10, 2026
Slide 1: Q4 2025 Presentation
Q4 2025 Presentation
Slide 2: Marcus Tillberg, CEO and Sofia Andersson, CFO
Marcus Tillberg Sofia Andersson Chief Executive Officer Chief Financial Officer 2
Slide 3: Highlights Q4
Highlights Q4 Strong earnings and underlying sales growth • Items affecting comparability had a total negative impact of -6,0 MSEK. • Gross written premiums decreased by -4 % vs LY (+5 % underlying growth*). • Net earned premiums decreased by -4 % % vs LY (+2 % underlying growth*). • Underlying grow
Slide 4: Strong financial position - proposed increased dividend
Strong financial position - proposed increased dividend • Strong financial position, SCR 214 % at year end. • Technical result, adjusted for items affecting comparability and excluding the allocated investment return, increased by 4 % vs LY. • Profit before tax, adjusted for items affecting comparab
Slide 5: GWP development
GWP development Gross written premiums (MSEK) Segment split GWP +7% Geographical split GWP Q4 (Q4 LY) 350 1 200 100% 1 103,4 989,5 90% 300 1 000 32% 260,7 80% 37% 249,2 250 70% 800 60% 20% 200 600 50% 21% 150 40% 400 100 30% 8% (9%) 6% (5%) 48% 20% 42% 200 50 10% 79% (72%) 0 0 0% 2024 2025 2024 2025
Slide 6: Assistance
Assistance Highlights Q4 Net earned premiums (MSEK) Gross profit (MSEK) - GWP decreased by -18 % vs LY. Excluding the 150 600 35 70 effects of the new agreement with Riddermark 64,9 63,0 Bil and the divestment of the Swiss branch, GWP increased by +8 %vs LY, driven by higher 125 500 30 60 sales with
Slide 7: Product
Product Highlights Q4 Net earned premiums (MSEK) Gross profit (MSEK) - GWP decreased by -7 % vs LY driven by lower 180 350 30 60 demand within the retail sector. 54,8 53,9 160 301,9 300 - NEP decreased by -21 % vs LY, mainly related to 25 50 home electronic insurances. Excluding the 140 247,4 effect
Slide 8: Personal Safety
Personal Safety Highlights Q4 Net earned premiums (MSEK) Gross profit (MSEK) 200 500 70 140 - GWP increased by +9 % vs LY, driven by PPI in 468,6 the Swedish market with the relatively new 180 446,9 450 122,4 121,7 partnerships as well as the newly launched 60 120 accidental insurance product contri
Slide 9: NEP development
NEP development Net earned premiums (MSEK) Comments YTD 300 1 128,6 1 200 - Underlying growth* in NEP vs LY amounted to 1 %. 273,1 260,9 1 063,1 1 050 - NEP in Personal Safety increased by 5 % vs LY, mainly related 250 to PPI in the Swedish market. NEP related to PPI in Denmark 900 and Norway decrea
Slide 10: Technical result & Combined ratio
Technical result & Combined ratio Technical result (MSEK) Combined ratio 50 200 100% 91,9% 89,9% 89,2% 88,3% 89,6% 89,0% 90% 40 148,8 80% 27,3% 35,6 35,5 25,9% 25,2% 25,8% 25,8% 139,6 150 27,3% Loss ratio 133,6 70% Allocated investment 6,0 29,5 4,8 return 31,4 23,0 30 23,0 60% 6,0 6,0 4,8 100 50% 20
Slide 11: Asset management
Asset management Investment portfolio MSEK As per 2025-12-31 Cash (fixed rate) 2024-12-31 2025-09-30 2025-12-31 6% Cash Bonds and other interest-bearing 13% securites 849 860 830 Subordinated loans 120 179 196 Shares 104 102 109 Shares 8% Cash 246 183 189 Bonds and other interest-bearing Cash (fixed
Slide 12: Asset management
Asset management Result of asset management (MSEK) Result of asset management (MSEK) Total return (YTD) Q4-25 Q4 2024 Q4 2025 Q3-25 10% Q2-25 Total investment income 22,7 11,6 Q1-25 9% Q4-24 Q3-24 8% Investment charges -1,4 -2,0 Q2-24 Q1-24 7% 6,6% Q4-23 Q3-23 5,6% 6% Unrealised gains/losses on inve
Slide 13: Profit before tax
Profit before tax (MSEK) 60 250 51,1 211,2 50 193,9 45,1 187,9 200 15,6 62,4 37,9 40 54,4 54,4 2,3 15,6 150 6,0 4,8 31,4 30 23,0 23,0 4,8 6,0 6,0 100 20 29,6 117,4 24,7 24,7 110,6 110,6 50 10 0 0 2024 2025 2025 adj 2024 2025 2025 adj Q4 YTD Technical result, excluding Allocated investment return -17
Slide 14: Solvency capital requirement (SCR)
Solvency capital requirement (SCR) +34 pp +11 pp 214% Comments 1 200 220% 203% 1 100 193% 1 000 180% 188% 200% +34 pp - Q4 2024 and Q1 2025 are both adjusted for the 900 180% foreseeable dividends, while this is paid out in 1 021 800 936 983 2025Q2. No adjustment for foreseeable dividends in 916 160
Slide 15: Summary Q4
Summary Q4 • Strong earnings during the period. • Underlying sales growth, gross written premiums increased by 5 %. • Strong growth within segments Personal Safety and Assistance. • Expanded our partnership with Norion bank. • Profit per share amounted to 8,31 SEK (8,99). • Strong capital position –
Slide 16: Thank you!
Thank you! 16
Solid Försäkringsaktiebolag — Q4 2025 Earnings Presentation on 6ix