Brief: Kvika Banki Hf Preliminary Financial Results For Q2 2021

Kvika banki

25/07/2021 15:10

July 25 (Reuters) - Kvika banki hf  KVIKA.IC :
    * PRELIMINARY FINANCIAL RESULTS FOR Q2 2021 - NET EARNINGS
BEFORE
TAX ESTIMATED TO BE ISK 3,550 - 3,650 MILLION
    * TM'S COMBINED RATIO AT A HISTORICAL LOW AND RETURN ON
FINANCIAL
ASSETS ABOVE EXPECTATIONS
    * TM'S COMBINED RATIO WAS APPROXIMATELY 80.8% DURING Q2 AND
91.5%
DURING FIRST HALF OF 2021
    * RETURN ON FINANCIAL ASSETS WAS 3.6% DURING Q2
    * TM'S NET EARNINGS BEFORE TAX DURING Q2 WERE APPROXIMATELY
ISK
1,870 MILLION


Further company coverage:  KVIKA.IC 

 ((Reuters.Briefs@thomsonreuters.com;))