Sjóvá nine-month profit more than doubles to ISK 1.91 billion

• 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%.

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