Sjóvá maintains 2026 underwriting profit outlook of ISK 1.8-2.5 billion

Reuters2026/07/16 15:44

By:Reuters

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Sjóvá kept its 2026 outlook unchanged, projecting pre-tax profit from insurance contracts of ISK 1.8-2.5 billion, with a combined ratio of 93-95%.
First-half net profit reached ISK 1.14 billion, driven by ISK 1.53 billion pre-tax insurance contract profit; combined ratio was 91.2%.
Management now expects negative impacts from incurred interest to be smaller than previously assumed, at about ISK 900 million for the year.

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: 202607161143OMX_____CNEWS_IS_GNW1001213105_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 maintains 2026 underwriting profit outlook of ISK 1.8-2.5 billion

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