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
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Gross Written Premiums
SEK 249.20 mln
Q4 Basic EPS
SEK 2.15
Q4 Combined Ratio
91.90%
Q4 Technical Result
SEK 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
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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.)