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

• 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.

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