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SFAB Solid FAB News Story

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Sweden's Solid FAB Q4 earnings rise 19%, proposes dividends

Overview

Sweden's non-life insurer's Q4 earnings rose 19% to SEK 45.1 mln

Board proposes higher ordinary and extraordinary dividends

Company's Q4 adjusted technical result declined due to acquisition-related costs

Outlook

Company did not provide specific guidance for future quarters or years

Result Drivers

ASSET MANAGEMENT - Result of asset management increased significantly to KSEK 19,004 from KSEK 7,091

PREMIUM DECLINE - Gross written premiums and premiums earned, net of reinsurance, both declined compared to last year

ACQUISITION COSTS - Acquisition-related costs impacted the adjusted technical result negatively

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Gross Written PremiumsSEK 249.20 mln
Q4 Basic EPSSEK 2.15
Q4 Combined Ratio91.90%
Q4 Technical ResultSEK 29.48 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 SEK88.00, about 0.9% below its February 9 closing price of SEK88.80 The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago Press Release: ID:nMFNvGgll For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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.)

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