As previously announced in a press release,
The information brochure presents the background and reasons for the proposed distribution of Solid Försäkring and includes a description of Solid Försäkring and the
The purpose of the information brochure is to provide shareholders with an overview of both companies' operations and financial positions as well as the distribution and listing process and is intended to be used as a basis for a decision by
Solid Försäkring's financial targets
Solid Försäkring has the following mid-term financial targets:
- Annual growth in premium earned of 4-7 per cent excluding acquisitions
- Combined ratio <90 per cent
- Return RoNAV (2)[1] >14 per cent
-
SCR coverage ratio >=150 per cent
Solid Försäkring's dividend policy
According to the dividend policy of Solid Försäkring's Board, the company intends to pay an annual dividend corresponding to at least 50 per cent of net profit for the year as from the 2022 financial year. The dividend policy is conditional on the SCR coverage ratio target and that no potential major acquisitions are made.
The information brochure, which has been prepared in both Swedish and English, will be available at www.resursholding.com/en/extraordinary-general-meeting-2021/.
More information:
Sofie Tarring Lindell, CFO & Head of IR, sofie.tarringlindell@resurs.se, +46 73 644 33 95
ABOUT SOLID FÖRSÄKRING
Solid Försäkring was founded in 1993 and is now a successful company in the insurance industry. The focus is on niche coverage, with the Nordic region as its main market. The company partners with leading retail chains in various sectors, and has about 2.3 million customers across the Nordic region.
ABOUT
[1] Net profit for the period (annualised) excluding amortisation of intangible assets adjusted for tax as a percentage of adjusted equity excluding intangible assets. Adjusted equity includes the contingency reserve adjusted for tax.
https://news.cision.com/resurs-holding/r/resurs-holding-publishes-information-brochure-on-the-proposed-distribution-of-subsidiary-solid-forsa,c3431274
https://mb.cision.com/Main/9628/3431274/1480022.pdf
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