Sjóvá Q2 FY26 profit rises to ISK 900 million; combined ratio improves 0.6 percentage point to 91.5%

Reuters2026/07/16 15:38

By:Reuters

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Sjóvá posted Q2 2026 profit of ISK 900 million, up from ISK 60 million a year earlier.
Pre-tax profit from insurance contracts rose 7.83% to ISK 744 million, while the combined ratio improved 0.6 percentage points to 91.5%.
Pre-tax investment result returned to a gain of ISK 405 million from a loss a year earlier; managed-asset return swung to 1.4% from -1.0%.
First-half profit rose to ISK 1.14 billion from a loss a year earlier, with a 91.2% combined ratio versus 91.1%.
Kept its 2026 outlook for pre-tax insurance-contract result at ISK 1.8 billion-2.5 billion, targeting a 93%-95% combined ratio; launched a ISK 500 million buyback.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sjóvá-Almennar tryggingar hf. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607161138OMX_____CNEWS_IS_GNW1001213103_is) on July 16, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Sjóvá Q2 FY26 profit rises to ISK 900 million; combined ratio improves 0.6 percentage point to 91.5%

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