Solid Försäkringsaktiebolag (publ) (SFAB) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Stort tack för det och varmt välkomna till vår presentation av det fjärde kvartalet 2024. Marcus Tillberg heter jag, vd för Solidförsäkring och med mig idag har jag också vår CFO Sofia Andersson och tillsammans så kommer vi att ta igenom utvecklingen för det fjärde kvartalet. And I'm going to start with some highlights from the quarter, which was a stable quarter, seen as the result of our insurance movement. If we start with sales development, it will decrease by 9%. And for those of you who have followed us for a while, you will probably remember that during the same period last year, we did a deal with Amtrust, another insurance company, which means that we handle the runoff that arose after our acquisition of CarProtect on the Norwegian market. In this case, there was a positive one-time effect corresponding to 14.5 million. If we adjust for that and the final collaboration with Power, we drive a underlying growth in the period of 10%. If we move on to our premium revenues, these increase by 2% in the period where the revenues in our segment security and assistance increase by 5% respectively 10% while we see a decrease in the product segment by 12%. I will return shortly to the development in more detail in our segment. Vårt försäkringstekniska resultat minskar i perioden med 6% och landar på 35,6 miljoner i perioden jämfört med 37,9 miljoner samma period föregående år. Justerar vi då för den delen som allokeras från finansrörelsen landar det försäkringstekniska resultatet i linje med föregående år. The result in the financial movement rose to SEK 7 million in the period where we compared ourselves to a very strong Q4 under 2023. In summary, this means that our total result in the period rose to SEK 37.9 million compared to SEK 64.4 million during the same perio...