Sjóvá nine-month profit more than doubles to ISK 1.91 billion
Bitget2026/10/22 15:51- Sjóvá’s third-quarter 2026 profit fell 33% year over year to ISK 767 million.
- Profit for the first nine months more than doubled year over year to ISK 1.91 billion.
- Third-quarter pretax investment profit dropped 51% to ISK 472 million, while the combined ratio rose to 89.9%.
- Household motor insurance price increases will be capped at 2.5% through the end of 2027.
- The insurer raised its 2026 insurance earnings outlook to ISK 2.7–2.9 billion, targeting a combined ratio of about 92%.
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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