Sweden's Solid FAB Q1 technical result improves, co declares dividends

Solid FAB

28/04/2026 06:43

Overview

Sweden non-life insurer's Q1 gross written premiums rose yr/yr, net earned premiums declined

Technical result improved to SEK 34.4 mln, combined ratio fell to 88.7% from 90.0%

Profit before tax and EPS both fell yr/yr; company declared ordinary and extraordinary dividends

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

PROFITABLE GROWTH - Co said increased technical result was driven by profitable growth in the quarter

Company press release: ID:nMFNbC5QCg

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Gross Written Premiums
SEK 238.55 mln
Q1 Combined Ratio
88.7%
Q1 Technical Result
SEK 34.35 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the multiline insurance & brokers peer group is "buy"

Wall Street's median 12-month price target for Solid FAB is SEK120.00, about 8.9% above its April 27 closing price of SEK110.20

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)