Solid Forsakringsaktiebolag · OMXSTO:SFAB
Solid Forsakringsaktiebolag — Q3 2025 Earnings Presentation
15 slides from Solid Forsakringsaktiebolag's earnings presentation, Oct 23, 2025
Slide 1: Q3 2025 Presentation
Q3 2025 Presentation Solid Forsakring
Slide 2: Marcus Tillberg, Sofia Andersson: CEO and CFO
Marcus Tillberg Sofia Andersson Chief Executive Officer Chief Financial Officer 2
Slide 3: Gross written premiums decreased by 11 % vs LY
• Gross written premiums decreased by 11 % vs LY (+5 % adjusted). Segment Personal Safety and Assistance (adjusted) contributed to the growth during the period. • Net earned premiums decreased by 10 % vs LY (+/0% adjusted) • Net earned premiums within segments Personal safety and Assistance (adjuste
Slide 4: Gross written premiums (MSEK) and segment split
Gross written premiums (MSEK) Segment split GWP +7% Geographical split GWP Q3 (Q3 LY) 350 1 000 100% 296,0 842,7 90% 300 263,4 740,3 800 80% 37% 36% 250 70% 600 60% 200 20% 50% 26% 150 400 40% 100 30% 9% (14%) 5% (5%) 200 20% 44% 36% 50 10% 78% (70%) 0 0 0% 2024 2025 2024 2025 2024 Q3 2025 Q3 Q3 YTD
Slide 5: Highlights Q3: Assistance
Highlights Q3 Net earned premiums (MSEK) Gross profit (MSEK) - GWP decreased by 15 % vs LY. Adjusted for the 120 291,0 300 35 60 new agreement with Riddermark, GWP 264,1 104,4 increased by 8 %, driven by higher sales within 50,1 30 insurance concepts for car warranties in 100 250 46,3 50 Sweden with
Slide 6: Highlights Q3: Product
Highlights Q3 Net earned premiums (MSEK) Gross profit (MSEK) - GWP decreased by 32 % vs LY, explained by 180 250 30 45 lower sales volumes within home electronics 230,9 40,8 39,6 and the ended cooperation with Power which 160 40 had a negative impact. Adjusted for Power, 25 191,3 200 GWP decreased b
Slide 7: Highlights Q3: Personal Safety
Highlights Q3 Net earned premiums (MSEK) Gross profit (MSEK) 100 92,1 200 400 90,0 - GWP increased by 8 % vs LY, driven by PPI in the 60 90 Swedish market with newly acquired partners 180 346,8 contributing to the growth as well as the newly 333,6 350 80 50 launched accidental insurance product. 160
Slide 8: Net earned premiums (MSEK) and comments
Net earned premiums (MSEK) Comments 292,3 855,5 300 802,2 900 - Adjusted for Riddermark and adjusted earning patterns, NEP 263,3 was in line with LY in Q3 as well as YTD. 250 750 - NEP in Personal Safety increased by 5 % vs LY related to PPI in 200 600 the Swedish market. NEP increased by 3 % vs Q2
Slide 9: Combined ratio and technical result
Technical result (MSEK) Combined ratio 50,0 150 100% 100% 89,3% 89,7% 89,3% 87,6% 90% 90% 39,0 38,5 40,0 113,2 80% 80% 104,1 26,4% Loss ratio 25,0% 25,4% Allocated investment 26,4% 7,8 5,9 return 70% 70% 25,4 100 18,1 30,0 60% 60% 50% 50% 20,0 40% 40% Technical result, 50 Expense ratio 31,2 32,6 exc
Slide 10: Investment portfolio MSEK as per 2025-09-30
Investment portfolio MSEK As per 2025-09-30 Cash (fixed rate) 2024-09-30 2024-12-31 2025-09-30 5% Cash 13% Bonds and other interest-bearing securites 894 849 860 Subordinated loans 119 120 179 Shares 7% Shares 116 104 102 Cash 232 246 183 Subordinated loans Bonds and other Cash (fixed rate) 77 98 68
Slide 11: Result of asset management (MSEK)
Result of asset management (MSEK) Result of asset management (MSEK) Total return (YTD) Q3 2024 Q3 2025 Q3-25 22,2 7,0% Q2-25 20,2 Total investment income 22,7 17,6 Q1-25 13,0 6,0% Q4-24 7,1 6,0% Investment charges -0,7 -1,2 Q3-24 30,3 Q2-24 25,3 5,0% Q1-24 28,0 Q4-23 33,2 4,2% Unrealised gains/losse
Slide 12: Profit before tax (MSEK)
(MSEK) 70 200 62,6 173,3 180 60 55,7 160 142,9 50 23,6 60,1 140 17,2 38,8 120 40 7,8 5,9 25,4 100 18,1 30 80 20 60 31,2 32,6 87,8 86,0 40 10 20 0 0 2024 2025 2024 2025 Q3 YTD Technical result, excluding Allocated investment return +4% -2% Profit before tax -11% -18% Technical result, excluding Alloc
Slide 13: Solvency ratio and SII capital comments
+11 pp +10 pp 1 200 203% Comments 192% 193% 200% 1 100 188% 1 000 180% +11 pp - Q4 2024 and Q1 2025 are both adjusted for the 180% 900 foreseeable dividend, while this is paid out in 800 955 936 983 160% 2025Q2. 897 916 700 600 140% - Strong development in solvency ratio over the year, 500 specially
Slide 14: Increased profitability and technical profit with underlying sales growth
Increased profitability and technical profit with underlying sales growth • Gross written premiums decreased by 11 %, +5 % adjusted. • Growth within segments Personal Safety and Assistance. • COR improved and amounted to 87,6 % (89,3). • Technical result increased by 4 %, excluding allocated investm
Slide 15: 18
18
Solid Försäkringsaktiebolag — Q3 2025 Earnings Presentation on 6ix