Interim report
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Strong growth in earnings in insurance operations – improved profitability in all segments July–September 2026* ● Gross written premiums amounted to KSEK 263,770 (263,368) ● Premiums earned, net of reinsurance, increased to KSEK 266,304 (263,301) ● Technical result increased to KSEK 39,989 (38,474) ● The combined ratio improved to 86.8 per cent (87.6) ● The result of asset management amounted to KSEK 19,166 (22,173) ● Profit before tax amounted to KSEK 54,745 (55,726) ● Basic and diluted earnings per share amounted to SEK 2.35 per share (2.42) January–September 2026* ● Gross written premiums increased to KSEK 751,300 (740,329) ● Premiums earned, net of reinsurance amounted to KSEK 781,838 (802,168) ● Technical result increased to KSEK 106,932 (104,093). ● The combined ratio improved to 88.2 per cent (89.3) ● The result of asset management amounted to KSEK 47,903 (55,510). Total return, from the beginning of the year, amounted to 3.5 per cent (4.2) and on a rolling 12 month basis to 5.1 per cent (4.7) ● Profit before tax amounted to KSEK 141,164 (142,873) ● Basic and diluted earnings per share amounted to SEK 6.12 per share (6.16) * Some performance measures stated in this section have not been prepared in accordance with IFRS or the Solvency II regulations, which means that they are “alternative performance measures”. The calculations and reconciliation against information in the financial statements of these performance measures are presented on the website under “Financial statements”. Definitions of performance measures are presented on the company’s website and on the last page of this report. Changes and comparative figures on this page and elsewhere in this interim report refer to the same period last year. All amounts are presented in KSEK unless otherwise stated. Interim report January–September 2026 Facts about the Solid share (SFAB) ISIN: SE0017082548 Total no. of shares on 30 September 2026: 17,879,253 Treasury shares on 30 September 2026: 274,599 About Solid Försäkring Solid Försäkring is a non-life insurance company focusing on niche insurance, with the Nordic region as its core market. The non-life insurance operations are divided into three segments: Product, Personal Safety and Assistance. The company has a large customer base of private customers in the Nordic region, which are primarily sourced through partnerships with leading retail chains within several different industries and banks and other financial institutions, travel agencies, car dealerships and car repair shops. Premiums earned, net of reinsurance, in 2025 amounted to SEK 1,063 million and the technical result to SEK 134 million.
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Solid Försäkring Interim Report Jan–Sep 2026 2 Comments from the CEO Strong earnings performance continues in the insurance operations The technical result, excluding allocated investment return, increased 8 per cent during the third quarter to SEK 35.2 million (32.6), driven by improved profitability in all segments and growth in the Personal Safety and Assistance segments. The result of asset management amounted to SEK 19.2 million for the period, driven by interest income and positive unrealised changes in the value of the investment portfolio. The overall performance for the third quarter was a 2 per cent decrease in total profit before tax to SEK 54.7 million (55.7). Sales performance Gross written premiums amounted to SEK 263.8 million (263.4) in the third quarter. Excluding our divested operations in Switzerland, gross written premiums increased 1 per cent year-on-year. Sales in the Personal Safety segment increased 6 per cent, primarily driven by payment protection insurance in the Swedish market. Sales in the Assistance segment, excluding the effects from the divested operations in Switzerland, increased 2 per cent compared with last year, and sales in the Product segment decreased 10 per cent, mainly driven by lower sales in insurance related to consumer electronics. Partnerships and development During the quarter we signed an agreement with Winassist that will allow the some 1,000 car repair shops that use the Winassist business system to offer roadside assistance insurance to customers who have their cars serviced. We expect the partnership to launch in the fourth quarter. Together with our partner, Resurs Bank, we also launched our expenses insurance solution in the Norwegian market during the period, an insurance policy that is already available in the Swedish market. As part of our investment in consumer business, during the period we developed and launched a new platform on our website so as to provide a better shopping experience for our customers that more clearly presents our offering. Other financial performance Profitability strengthened during the quarter, and the combined ratio improved to 86.8 per cent (87.6), which is below the company’s financial target of <90 per cent. The improvement during the period was due to a lower claims ratio. Financial stability Solid Försäkring’s solvency situation improved in the third quarter of 2026, and the SCR ratio increased 5.0 percentage points to 199 per cent. The positive operating profit for the quarter had a positive contribution on the solvency capital base, which was partly offset by the repurchase of own shares. The Solvency Capital Requirement increased slightly as a result of higher exposure to insurance and market risks. The company reports financial stability and the SCR ratio remains well above the target of 150 per cent. Marcus Tillberg CEO, Solid Försäkring +4% Technical result +8% Technical result, excluding allocated investment return 86.8% Combined ratio Partnerships
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Solid Försäkring Interim Report Jan–Sep 2026 3 The company’s earnings Third quarter 2026, July–September Gross written premiums were in line with the third quarter of 2025 at KSEK 263,770 (263,368). Underlying sales, excluding effects from the portfolio transfer in Switzerland, increased 1 per cent compared with last year primarily driven by growth in payment protection insurance in Sweden in the Personal Safety segment and by travel insurance solutions in the Assistance segment. In the Product segment, sales decreased 10 per cent during the quarter, primarily due to lower sales volumes related to insurance solutions for the consumer electronics industry. Sales of insurance solutions for the eyewear industry increased during the quarter. Premiums earned, net of reinsurance, increased 1 per cent to KSEK 266,304 (263,301) compared with the third quarter of 2025. Excluding the effect of the renegotiated agreement with Riddermark Bil AB and the effects of transferring the Swiss portfolio, premiums earned, net of reinsurance, increased 3 per cent compared with last year. Premiums earned in the Assistance segment increased 9 per cent compared with last year, and excluding the above effects, premiums earned increased 16 per cent, primarily related to insurance solutions for the travel industry and growth in insurance concepts for car warranties in both Sweden and Norway. Premiums earned in the Personal Safety segment increased 5 per cent primarily related to payment protection insurance in the Swedish market. In the Product segment, premiums earned decreased by 18 per cent compared with the previous year, primarily due to the concluded cooperation with Power. Premiums earned for insurance solutions for the eyewear industry increased compared with last year. Profitability and the gross margin improved in all segments, and gross profit in the Personal Safety and Assistance segments increased compared with last year. Gross profit for the Product segment fell compared with last year due to lower sales volumes. The actual claim costs decreased 3 per cent year-on-year, and the claims ratio improved to 25.4 per cent (26.4), primarily driven by the Assistance segment, where the claims ratio decreased to 42.1 per cent (45.7). Operating expenses were up 1 per cent year-on-year and amounted to KSEK 163,407 (161,152) and the expense ratio increased to 61.4 per cent (61.2), primarily driven by higher administrative expenses during the quarter. Administrative expenses as a percentage of premiums earned amounted to 10.6 per cent (10.3). Administrative expenses in the third quarter were lower than in the first and second quarters of 2026. Technical result increased 4 per cent to KSEK 39,989 (38,474). Excluding allocated investment return, the technical result increased 8 per cent compared with last year. The combined ratio improved to 86.8 per cent (87.6) due to a lower claims ratio. Result of asset management for the third quarter amounted to KSEK 19,166 (22,173). Unrealised changes in value in the investment portfolio were KSEK 5,036 (5,748). Refer to Note 6 for more detailed information. Interest income for the quarter was in line with the preceding year at KSEK 12,765 (12,824). Realised gains on divested holdings amounted to KSEK 717 (4,844) and unrealised exchange-rate gains to KSEK 1,271 (-193). Profit before tax amounted to KSEK 54,745 (55,726). Profit after tax amounted to KSEK 41,296 (43,308), and basic and diluted earnings per share increased to SEK 2.35 (2.42) for the quarter. Third quarter 2026 +/- 0% Gross written premiums +1% * Gross written premiums +1% Premiums earned, net of reinsurance +3 %** Premiums earned, net of reinsurance +4% Technical result +8% Technical result, excluding allocated investment return 86.8% Combined ratio *Excluding effects of the portfolio transfer in Switzerland **Excluding the effect of the renegotiated agreement with Riddermark Bil AB and the effects from transferring the Swiss portfolio Performance per quarter (SEK MILLION) 90% 85% 80% 75% 70%
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Solid Försäkring Interim Report Jan–Sep 2026 4 First nine months 2026, January–September Gross written premiums increased 1 per cent year-on year and totalled KSEK 751,300 (740,329). Underlying sales, gross written premiums, increased 5 per cent compared with last year, excluding effects from the portfolio transfer in Switzerland and premium credits of approximately SEK 8.2 million related to last year in the Personal Safety segment that took place in the second quarter of 2026. Sales in the Personal Safety segment increased 5 per cent compared with last year, and the underlying growth, excluding premium credits, amounted to 8 per cent, mainly driven by payment protection insurance in the Swedish market. In the Assistance segment, sales were in line with last year, and underlying growth, excluding the effect of the portfolio transfer in Switzerland, was 5 per cent in Assistance, mainly related to insurance for car warranties and insurance solutions for the travel industry. Sales for the Product segment fell 4 per cent compared with last year, primarily due to lower sales volumes for insurance solutions for the consumer electronics industry and bicycles. Sales of insurance solutions for the eyewear industry during the year increased compared with the year-earlier period. Premiums earned, net of reinsurance, declined 3 per cent year-on-year to KSEK 781,838 (802,168). Excluding the effect of the renegotiated agreement with Riddermark Bil AB, the effects of transferring the Swiss portfolio and premium credits related to last year in the Personal Safety segment that took place in the second quarter of 2026 and that negatively impacted premiums earned by approximately SEK 8.2 million, premiums earned, net of reinsurance, increased 4 per cent compared with last year. In the Assistance segment, premiums earned were in line with the previous year and the underlying increase amounted to 16 per cent, driven by the trend in insurance solutions for car warranties. Premiums earned in the Personal Safety segment increased 5 per cent, and the underlying increase amounted to 7 per cent, primarily driven by growth related to payment protection insurance in the Swedish market. In the Product segment, premiums earned decreased by 19 per cent, mainly due to the concluded cooperation with Power. Premiums earned for insurance solutions for the eyewear industry increased compared with last year. Profitability and the gross margin improved in all segments, and gross profit in the Personal Safety and Assistance segments increased compared with last year. Gross profit for the Product segment fell compared with last year due to lower sales volumes. The claims ratio was in line with the preceding year at 25.4 per cent (25.4). Actual claim costs declined 2 per cent to KSEK 198,704 (203,544). Operating expenses were KSEK 22,074 lower than last year at KSEK 490,592 (512,666), driven primarily by lower acquisition costs in the form of brokerage commission. The expense ratio decreased to 62.7 per cent (63.9), driven by relatively lower acquisition costs in the Assistance and Product segments. Administrative expenses were in line with expectations, amounting to KSEK 598 higher than the previous year, and the ratio in relation to premiums earned increased due to lower premiums earned and amounted to 11.7 per cent (11.4). Technical result increased 3 per cent to KSEK 106,932 (104,093). The transfer of the investment return to the insurance operations resulted in a negative effect of KSEK 3,745 compared with last year, which was primarily due to a lower cost of capital as a result of lower market interest rates as well as the lower technical provisions compared with the previous year. Excluding allocated investment return, the technical result increased 8 per cent compared with last year. The combined ratio for the first half of the year improved to 88.2 per cent (89.3) as a result of the expense ratio trend. The result of asset management for the period declined KSEK 7,607 to KSEK 47,903 (55,510) and total return fell to 3.5 per cent (4.2). The unrealised change in value in the investment portfolio was positive at KSEK 2,964 (2,567). Refer to Note 6 for more detailed information. Interest income from the interest-rate portfolio and deposits was KSEK 1,275 lower than the year-earlier period, and amounted to KSEK 38,503 (39,778). Realised gains on divested holdings amounted to KSEK 3,148 (13,403) and dividends received to KSEK 2,154 (2,797). The total value of the investment portfolio on 30 September amounted to KSEK 1,427,005, of which KSEK 339,541 was interest-bearing cash and cash equivalents, KSEK 122,545 equities and KSEK 964,919 other interest-bearing assets, mainly bonds at floating interest rates and relatively short durations. Net divestments amounted to KSEK 63,691 in the year. Profit after tax decreased 2 per cent to KSEK 108,075 (110,609), and basic and diluted earnings per share amounted to SEK 6.12 (6.16). First nine months 2026 +1% Gross written premiums +5%* Gross written premiums -3% Premiums earned, net of reinsurance +4%** Premiums earned, net of reinsurance +3% Technical result +8% Technical result, excluding allocated investment return 88.2% Combined ratio -1% Profit before tax *Excluding effects of the portfolio transfer in Switzerland and the premium credit related to last year in the Personal Safety segment in Q2. **Excluding the effect of the renegotiated agreement with Riddermark Bil AB, the effects from transferring the Swiss portfolio and the effect of the premium credit related to last year in the Personal Safety segment in Q2.
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Solid Försäkring Interim Report Jan–Sep 2026 5 Financial position, equity and cash flow, 30 September 2026 Equity (2) on 30 September amounted to KSEK 902,467 (893,140) and Net Asset Value (2) to KSEK 882,981 (866,035). For the nine-month period of 1 January– 30 September 2026, annualised RoE (2)* amounted to 15.8 per cent (16.5) and annualised RoNAV (2)** to 16.8 per cent (17.8). The company’s SCR ratio amounted to 199 per cent at the end of the third quarter of 2026, which is an increase of 5.0 percentage points compared with the end of June 2026 (194). The solvency capital base improved on the back of positive operating profit for the quarter that was partly offset by the repurchase of own shares, while the solvency capital requirement increased somewhat as a result of increased exposure to insurance and market risk. The company has a stable solvency position, and company management and the Board believe that the company is reporting solid financial stability and a healthy capital situation. Cash flow*** from operating activities amounted to KSEK 188,707 (70,105). Cash flow from investing activities amounted to KSEK 106 (-9,976). During the period, investment assets were acquired for KSEK 159,938 and the value of divested and mature investment assets amounted to KSEK 223,629. Cash flow from financing activities amounted to KSEK -132,682 (-122,641). During the period, own shares were repurchased for a corresponding KSEK 13,090 and dividends of KSEK 119,592 were paid to shareholders. Cash and cash equivalents increased to KSEK 339,541 (275,746). * RoE (2) – annualised aggregated result of the period in relation to the average adjusted equity (2). The average of the balance sheet items is calculated based on opening and closing values. **RoNAV (2) – annualised aggregated result after tax for the period in relation to the average adjusted equity excluding intangible assets (2). The average of the balance sheet items is calculated based on opening and closing values. ***Comparative figures for cash flow refer to 31 December 2025. 16.8% RoNAV (2) 199% SCR ratio
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Solid Försäkring Interim Report Jan–Sep 2026 Performance measures KSEK, unless otherwise stated Jul–Sep 2026 Jul–Sep 2025 Change Jan–Sep 2026 Jan–Sep 2025 Change Jan–Dec 2025 Gross written premiums 263,770 263,368 0% 751,300 740,329 1% 989,533 Premiums earned, net of reinsurance 266,304 263,301 1% 781,838 802,168 -3% 1,063,093 Technical result 39,989 38,474 4% 106,932 104,093 3% 133,576 Result of asset management 19,166 22,173 -14% 47,903 55,510 -14% 74,514 Profit before tax 54,745 55,726 -2% 141,164 142,873 -1% 187,943 Profit after tax 41,296 43,308 25% 108,075 110,609 -2% 149,041 Basic and diluted earnings per share, SEK 2.35 2.42 27% 6.12 6.16 -1% 8.31 Claims ratio 25.4% 26.4% 25.4% 25.4% 25.8% Expense ratio 61.4% 61.2% 62.7% 63.9% 64.1% Combined ratio 86.8% 87.6% 88.2% 89.3% 89.9% KSEK, unless otherwise stated 30 Sep 2026 31 Dec 2025 30 Sep 2025 Investment assets measured at fair value 1,087,464 1,135,221 1,140,490 Investment assets including cash and cash equivalents 1,427,005 1,410,967 1,391,880 Direct yield, from beginning of year, % 3.1% 4.0% 3.0% Total return, from beginning of year, % 3.5% 5.6% 4.2% Total return, rolling 12 months, % 5.1% 5.6% 4.7% Technical provisions, net of reinsurance 416,859 443,551 481,276 Net asset value 1,003,019 1,021,988 993,692 Equity 514,901 533,870 505,574 Equity (2)* 902,467 921,436 893,140 Net Asset Value, NAV (2)* 882,981 896,571 866,035 Return on equity (2), RoE (2) %* 15.8% 16.4% 16.5% Return on equity excl. intangible assets, RoNAV (2) %* 16.8% 17.7% 17.8% Eligible capital base to meet solvency capital requirement 1,004,374 900,973 982,981 Eligible capital base to meet minimum capital requirement 1,004,374 900,973 982,213 Solvency Capital Requirement (SCR) 505,370 477,296 484,745 Minimum Capital Requirement (MCR) 126,342 119,324 121,186 SCR ratio 199% 189% 203% MCR ratio 795% 755% 811% Solvency ratio, % 101.9% 105.6% 103.1% Number of employees at end of period* 75 75 78 Average number of FTEs* 72 72 72 * Alternative performance measures are performance measures that company management and analysts use to assess the company’s development and are not defined by International Financial Reporting Standards (IFRS) or the Solvency II regulations. Company management believes that the performance measures make it easier for investors to analyse the company’s performance. The calculations and reconciliation against information in the financial statements of these performance measures are presented on the website under “Financial statements”. Definitions of performance measures are presented on the company’s website under Financial data and on the last page of this report. 6
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Solid Försäkring Interim Report Jan–Sep 2026 7 Personal Safety Third quarter 2026, July–September The partnership with Resurs Bank was expanded during the period with the launch of expenses insurance in the Norwegian market. Resurs Bank has already been offering this product to customers in the Swedish market. Sales (gross written premiums) increased 6 per cent compared with the year-earlier period. The increase was mainly due to payment protection insurance in the Swedish market. Premiums earned, net of reinsurance, increased 5 per cent compared with last year and amounted to KSEK 124,450 (118,241). The increase was mainly related to payment protection insurance in Sweden. Costs for claims incurred, net of reinsurance, increased KSEK 1,317 to KSEK 15,229 (13,912). Gross profit increased KSEK 2,565 to KSEK 33,683 (31,118) due to growth and improved profitability. The gross margin improved to 27.1 per cent (26.3) primarily due to relatively lower acquisition costs. First nine months 2026, January–September In May, insurance premiums were credited to customers after a partner detected a technical error that had resulted in incorrect reporting of insurance premiums in the preceding calendar year. The non-recurring amount totals approximately SEK 8.2 million. Sales (gross written premiums) for the segment increased 5 per cent compared with the year-earlier period, totalling KSEK 357,709 (340,196). Excluding the premium credit related to last year, the underlying growth amounted to 8 per cent year-on-year. Premiums earned, net of reinsurance, increased 5 per cent to KSEK 364,125 (346,795), primarily driven by payment protection insurance in the Swedish market. Underlying growth, excluding the premium credit related to last year, amounted to 7 per cent. Costs for claims incurred, net of reinsurance, were in line with the preceding year at KSEK 42,158 (42,192). Gross profit increased KSEK 7,676 to KSEK 97,649 (89,973) due to growth and improved profitability. The gross margin improved to 26.8 per cent (25.9) primarily due to relatively lower claim costs. Share of premiums earned, net of reinsurance Q3 2026 Third quarter 2026 +6% Gross written premiums +5% Premiums earned, net of reinsurance +8% Gross profit 27.1% Gross margin Performance per quarter (SEK million) Performance measures – Personal Safety KSEK Jul–Sep 2026 Jul–Sep 2025 Change Jan–Sep 2026 Jan–Sep 2025 Change Jan–Dec 2025 Gross written premiums 122,286 115,806 6% 357,709 340,196 5% 459,751 Premiums earned, net of reinsurance 124,450 118,241 5% 364,125 346,795 5% 468,626 Claims incurred, net of reinsurance -15,229 -13,912 9% -42,158 -42,192 0% -56,894 Acquisition costs* -75,538 -73,211 3% -224,318 -214,630 5% -290,003 Gross profit** 33,683 31,118 8% 97,649 89,973 9% 121,729 Gross margin*** 27.1% 26.3% +0.8 p.p. 26.8% 25.9% +0.9 p.p. 26.0% * Acquisition costs include brokerage commission and costs for direct sales ** Gross profit = premiums earned, net of reinsurance minus claims incurred net of reinsurance minus acquisition costs *** Gross margin = gross profit as a percentage of premiums earned, net of reinsurance 47%
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Solid Försäkring Interim Report Jan–Sep 2026 8 Assistance (Roadside assistance/Car warranty and travel) Third quarter 2026, July-September A partnership agreement was signed with Winassist during the quarter, allowing car repair shops that use the Winassist business system to offer roadside assistance insurance to customers who have their cars serviced. The launch is expected for the fourth quarter of 2026. Gross written premiums declined 1 per cent during the quarter to KSEK 93,518 (94,290). Excluding the effect of the Swiss branch’s portfolio transfer, sales (gross written premiums) rose 2 per cent, driven by insurance for the travel industry. Premiums earned, net of reinsurance, increased 9 per cent to KSEK 91,293 (83,555). Excluding the effects of the renegotiated agreement with Riddermark Bil AB and the Swiss branch’s portfolio transfer, premiums earned, net of reinsurance, increased 16 per cent compared with last year, primarily driven by insurance solutions for the travel industry and by growth in insurance concepts for car warranties in Sweden and Norway. Costs for claims incurred, net of reinsurance, were in line with the preceding year at KSEK 38,439 (38,179). Growth and improved profitability led to gross profit increasing KSEK 2,689 to KSEK 19,055 (16,366) and the gross margin improved to 20.9 per cent (19.6), mainly as a result of relatively lower claim costs. First nine months 2026, January–September Sales (gross written premiums) were in line with year-earlier period at KSEK 268,546 (269,725). Excluding the effect of the Swiss branch’s portfolio transfer, sales (gross written premiums) rose 5 per cent. Premiums earned, net of reinsurance, were in line with the preceding year at KSEK 263,687 (264,114). Excluding the effects of the renegotiated agreement with Riddermark Bil AB and the Swiss branch’s portfolio transfer, premiums earned, net of reinsurance, increased 16 per cent compared with last year. The underlying increase in premiums earned net of reinsurance was primarily attributable to insurance solutions for car warranties. Costs for claims incurred, net of reinsurance, increased KSEK 5,431 to KSEK 117,777 (112,346) related to higher claim costs for insurance solutions for car warranties. Gross profit increased KSEK 5,330 to KSEK 51,603 (46,273) due to growth and improved profitability, while the gross margin rose to 19.6 per cent (17.5) driven mainly by relatively low acquisition costs due to a changed partner and product mix in the segment. Share of premiums earned, net of reinsurance Q3 2026 Third quarter 2026 -1% Gross written premiums +2%* Gross written premiums +9% Premiums earned, net of reinsurance +16%** Premiums earned, net of reinsurance +16% Gross profit 20.9% Gross margin *Excluding the effect of the Swiss branch’s portfolio transfer. **Excluding the effect of the renegotiated agreement with Riddermark Bil AB and the effect of the Swiss branch’s portfolio transfer. Performance per quarter (SEK million) Performance measures – Assistance KSEK Jul–Sep 2026 Jul–Sep 2025 Change Jan–Sep 2026 Jan–Sep 2025 Change Jan–Dec 2025 Gross written premiums 93,518 94,290 -1% 268,546 269,725 0% 348,903 Premiums earned, net of reinsurance 91,293 83,555 9% 263,687 264,114 0% 347,039 Claims incurred, net of reinsurance -38,439 -38,179 1% -117,777 -112,346 5% -155,178 Acquisition costs* -33,799 -29,010 17% -94,307 -105,495 -11% -128,865 Gross profit** 19,055 16,366 16% 51,603 46,273 12% 62,996 Gross margin*** 20.9% 19.6% +1.3 p.p. 19.6% 17.5% +2.1 p.p. 18.2% * Acquisition costs include brokerage commission and costs for direct sales ** Gross profit = premiums earned, net of reinsurance minus claims incurred net of reinsurance minus acquisition costs *** Gross margin = gross profit as a percentage of premiums earned, net of reinsurance 33%
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Solid Försäkring Interim Report Jan–Sep 2026 9 Product Third quarter 2026, July–September Sales volumes for the segment decreased 10 per cent to KSEK 47,966 (53,272) year- on-year, primarily related to lower sales of insurance solutions for the consumer electronics industry. Sales of insurance solutions for the eyewear industry increased 98 per cent (SEK 4.1 million) during the quarter, with positive contributions from partnerships with Klarsynt and Synsam. Excluding the effect of the Swiss branch’s portfolio transfer, sales in the segment decreased 9 per cent year-on-year. Premiums earned, net of reinsurance, declined 18 per cent during the quarter compared with last year and amounted to KSEK 50,561 (61,505), mainly related to the concluded cooperation with Power. Premiums earned for insurance solutions for the eyewear industry increased 72 per cent (SEK 3.1 million) compared with last year. Excluding the effect of the Swiss branch’s portfolio transfer, premiums earned, net of reinsurance, decreased 16 per cent. Costs for claims incurred, net of reinsurance, declined 20 per cent, corresponding to KSEK 3,435, compared with the preceding year and amounted to KSEK 14,016 (17,451). Despite improved profitability, gross profit decreased KSEK 1,547 to KSEK 10,738 (12,285). The gross margin improved to 21.2 per cent (20.0) due to relatively lower claims and acquisition costs, driven by the changed partner and product mix in the segment. First nine months 2026, January–September Sales (gross written premiums) decreased 4 per cent year-on year and totalled KSEK 125,045 (130,408). Excluding the effect of the Swiss branch’s portfolio transfer, sales fell 3 per cent, primarily due to lower sales volumes for insurance solutions for the consumer electronics industry and bicycles. Sales of insurance solutions for the eyewear industry increased 88 per cent (SEK 8.5 million) compared with the year- earlier period. Premiums earned, net of reinsurance, declined 19 per cent or KSEK 37,233 to KSEK 154,026 (191,259), mainly related to the concluded cooperation with Power. Premiums earned for insurance solutions for the eyewear industry increased 52 per cent (SEK 5.3 million) compared with last year. Excluding the effect of the Swiss branch’s portfolio transfer, premiums earned, net of reinsurance, decreased 18 per cent. Costs for claims incurred, net of reinsurance, declined KSEK 10,237 to KSEK 38,769 (49,006). Despite improved profitability, gross profit decreased KSEK 5,824 to KSEK 35,010 (40,834). The gross margin rose to 22.7 per cent (21.4) due to relatively lower claim and acquisition costs, driven by the changed partner and product mix in the segment. Share of premiums earned, net of reinsurance Q3 2026 Third quarter 2026 -10% Gross written premiums -9%* Gross written premiums -18% Premiums earned, net of reinsurance -16%* Premiums earned, net of reinsurance -13% Gross profit 21.2% Gross margin *Excluding the effect of the Swiss branch’s portfolio transfer. Performance per quarter (SEK million) Performance measures – Product KSEK Jul–Sep 2026 Jul–Sep 2025 Change Jan–Sep 2026 Jan–Sep 2025 Change Jan–Dec 2025 Gross written premiums 47,966 53,272 -10% 125,045 130,408 -4% 180,879 Premiums earned, net of reinsurance 50,561 61,505 -18% 154,026 191,259 -19% 247,428 Claims incurred, net of reinsurance -14,016 -17,451 -20% -38,769 -49,006 -21% -62,586 Acquisition costs* -25,807 -31,769 -19% -80,247 -101,419 -21% -130,905 Gross profit** 10,738 12,285 -13% 35,010 40,834 -14% 53,937 Gross margin*** 21.2% 20.0% +1.2 p.p. 22.7% 21.4% +1.3 p.p. 21.8% * Acquisition costs include brokerage commission and costs for direct sales ** Gross profit = premiums earned, net of reinsurance minus claims incurred net of reinsurance minus acquisition costs *** Gross margin = gross profit as a percentage of premiums earned, net of reinsurance 20%
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Solid Försäkring Interim Report Jan–Sep 2026 10 Repurchase In accordance with the proposal from the Board, the Annual General Meeting on 27 April 2026 resolved to cancel the shares repurchased within the framework of the former buy-back programme. In June, following approval from the Swedish Financial Supervisory Authority, 249,150 shares were cancelled and a bonus issue was carried out to restore restricted equity. The number of shares after the cancellation thus amounted to 17,879,253. The Annual General Meeting also resolved, in accordance with the Board’s proposal, to authorise the Board to acquire the company’s own shares on one more occasions up until the next Annual General Meeting. The acquisition of own shares may occur of at most as many shares as are needed so that the company’s holdings of own shares at any given time do not exceed five per cent of all shares in the company. The purpose of the share buy-back programme is to give the Board an instrument to continuously adapt and improve the company’s capital structure and thereby create additional value for the shareholders. In addition, the buy-back programme enables the Board to transfer shares to the participants in LTIP 2026. The intention for the shares that are repurchased and that are not attributable to future delivery of shares in relation to LTIP 2026 is to finally be cancelled by resolutions at future general meetings. On 30 September, 112,632 own shares had been repurchased from the total mandate of 731,995 shares for a value of KSEK 11,156 at an average price of SEK 99.05. The company also holds 161,967 treasury shares under the former buy-back programme for a value of KSEK 12,913, which will be used to transfer to participants in LTIP 2023, LTIP 2024 and LTIP 2025. Significant events First nine months 2026, January–September No significant events took place during the period in question. Events after the end of the period No significant events took place after the end of the period. Additional information Risk management The company’s ability to manage risks impacts the company’s financial position and ability to achieve set targets. Various types of risks arise in the operations, such as insurance risk, market risk, counterparty risk, operational risks and other risks. The Board has adopted policies for the operations in order to balance the company’s risk- taking and restrict and control risks. All policies are updated as necessary and revised at least once a year. The Board and CEO are ultimately responsible for risk management. The company’s risk management is described is more detail in the most recent annual report under the section Information about risks and uncertainties and in Note 2 Risk disclosures. In general, no changes of material importance to risk management took place during the period, and the company does not believe that the prevailing market situation will jeopardise the company’s stability or capital situation in the future. Information about the operations Solid Försäkringsaktiebolag (publ), Corp. ID. No. 516401-8482, has been listed on Nasdaq Stockholm (Small Cap) since 1 December 2021. The head office is located in Helsingborg, Sweden. The focus of the operations is on niche insurance, with the Nordic region as its main market. The non-life insurance operations are divided into three segments: Product, Personal Safety and Assistance. The operations in Norway and Finland are conducted by branches, and operations in other countries are conducted as cross-border operations. Solid Försäkring partners with leading retail chains in various industries and the banking sector. Employees The number of employees, regardless of degree of employment, was 75 (78) on 30 September, a decrease of three people compared with last year. The Solid share (SFAB) 17,879,253 No. of shares on 30 September 2026 274,599 Treasury shares on 30 September 2026 75 Number of employees
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Solid Försäkring Interim Report Jan–Sep 2026 11 Information about the Solid share Solid Försäkringsaktiebolag’s (Solid) share was listed on Nasdaq Stockholm (Small Cap) under the ticker SFAB and its ISIN is SE0017082548. The share price on the final trading day on 30 September 2026 was SEK 113.20. A total of 1,598,646 shares were traded during the period, corresponding to a turnover rate of 8.94 per cent during the measurement period of 1 July – 30 September 2026. The largest directly registered shareholders on 30 September 2026 Percentages of share capital Waldakt AB 32.4% Investment AB Spiltan 10.3% Avanza Pension 4.3% Erik Selin 3.5% Swedbank Robur Fonder 2.4% Traction 1.9% Catea Group AB 1.8% Livförsäkringsbolaget Skandia 1.6% Solid Försäkringsaktiebolag 1.5% Carnegie Fonder 1.5% 61.2% Financial calendar 9 February 2027 Year-end Report January–December 2026 (Q4) 23 March 2027 2026 Annual and Sustainability Report 27 April 2027 Interim report January–March 2027 (Q1) 28 April 2027 2027 Annual General Meeting 16 July 2027 Interim report January–June 2027 (Q2) 26 October 2027 Interim report January–September 2027 (Q3) Financial objectives and dividend policy Solid Försäkring has the following medium-term financial targets: • Annual growth in premiums earned of 4–7 per cent (outcome -3 per cent*) In addition, the company intends to grow through selective acquisitions. • Maintain a combined ratio below 90 per cent (outcome 88.2 per cent on 30 September) • Achieve a return on RoNAV (2) of more than 14 per cent (16.8 per cent on 30 September) • Maintain an SCR ratio of at least 150 per cent (199 per cent on 30 September). Dividend policy According to the Board’s dividend policy, the company intends to pay an annual dividend corresponding to at least 50 per cent of net profit for the year. The dividend policy is conditional on the target for the SCR ratio and that no potential major acquisitions are carried out. 9 February Next interim report
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Solid Försäkring Interim Report Jan–Sep 2026 12 The Board’s assurance The Board of Directors and the CEO certify that this interim report provides a fair review of the company’s operations, financial position and results and describes the significant risks and uncertainties faced by the company. Helsingborg, 22 October 2026 Marcus Tillberg, CEO The Board of Directors Fredrik Carlsson, Chairman Lisen Thulin Martina Skande Board member Board member Lars Benckert Henrik Eklund Board member Board member
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Solid Försäkring Interim Report Jan–Sep 2026 13 Condensed financial statements INCOME STATEMENT KSEK Note Jul–Sep 2026 Jul–Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Jan–Dec 2025 Technical account of non-life insurance operations Premiums earned, net of reinsurance 3 266,304 263,301 781,838 802,168 1,063,093 Allocated investment return transferred from the non-technical account 4,776 5,867 14,390 18,135 22,956 Other technical income 0 0 0 0 3,529 Claims incurred, net of reinsurance 4 -67,684 -69,542 -198,704 -203,544 -274,658 Operating expenses 5 -163,407 -161,152 -490,592 -512,666 -681,344 Technical result for non-life insurance operations 39,989 38,474 106,932 104,093 133,576 Non-technical account Investment income 14,759 17,625 47,381 55,995 67,637 Investment charges -629 -1,200 -2,442 -3,052 -5,053 Unrealised gains/losses on investment assets 5,036 5,748 2,964 2,567 11,930 Result of asset management 6 19,166 22,173 47,903 55,510 74,514 Allocated investment return transferred to technical account -4,776 -5,867 -14,390 -18,135 -22,956 Other non-technical income 542 1,139 1,140 2,198 2,835 Other non-technical expenses -176 -193 -421 -793 -26 Profit before appropriations and tax 54,745 55,726 141,164 142,873 187,943 Appropriations 0 0 0 0 0 Profit before tax 54,745 55,726 141,164 142,873 187,943 Tax on profit for the period -13,449 -12,418 -33,089 -32,264 -38,902 Net profit for the period Basic and diluted earnings per share, SEK 12 41,296 43,308 108,075 110,609 149,041 2.35 2.42 6.12 6.16 8.31 STATEMENT OF COMPREHENSIVE INCOME KSEK Jul–Sep 2026 Jul–Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Jan–Dec 2025 Net profit for the period 41,296 43,308 108,075 110,609 149,041 Items that will be reclassified to profit or loss Translation differences in foreign operations 1,544 -16 1,909 -164 -28 Comprehensive income for the period 42,840 43,292 109,984 110,445 149,013 BALANCE SHEET KSEK Note 30 Sep 2026 31 Dec 2025 30 Sep 2025 Assets Intangible assets 19,486 24,865 27,105 Investment assets 7 1,087,464 1,135,221 1,140,490 Reinsurer’s share of technical provisions 3,106 3,128 7,555 Receivables 106,066 83,009 92,042 Cash and bank balances 339,541 275,746 251,390 Other assets 376 12,589 12,392 Prepaid expenses and accrued income 79,610 114,889 130,614 Total assets 1,635,649 1,649,447 1,661,588 Equity and liabilities Equity Share capital 30,055 30,055 30,055 Translation reserve 306 -1,603 -1,739 Unrestricted share premium reserve 0 2,358 2,358 Retained earnings 376,465 354,019 364,291 Net profit for the period 108,075 149,041 110,609 Total equity 514,901 533,870 505,574 Untaxed reserves Contingency reserve 488,118 488,118 488,118 Total untaxed reserves 488,118 488,118 488,118 Liabilities Technical provisions, net of outward reinsurance 8 419,965 446,679 488,831 Other provisions 1,006 1,006 2,011 Other liabilities 181,435 156,159 153,780 Accrued expenses and deferred income 30,224 23,615 23,274 Total liabilities 632,630 627,459 667,896 Total equity and liabilities 1,635,649 1,649,447 1,661,588
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Solid Försäkring Interim Report Jan–Sep 2026 14 STATEMENT OF CHANGES IN EQUITY KSEK Share capital Translation reserve Unrestricted share premium reserve Retained earnings Net profit for the period Total equity Equity, 1 January 2026 30,055 -1,603 2,358 354,019 149,041 533,870 Net profit for the period 108,075 108,075 Other comprehensive income 1,909 1,909 Comprehensive income for the period 1,909 108,075 109,984 Previous year’s profit brought forward -2,358 151,399 -149,041 0 Cancellation of own shares -413 413 0 Bonus issue 413 -413 0 Owner transactions Share dividend -119,592 -119,592 Repurchased own shares -13,090 -13,090 Share-based remuneration 3,729 3,729 Equity, 30 September 2026 30,055 306 0 376,465 108,075 514,901 The company reduced share capital in the second quarter of 2026 by cancelling 249,150 own shares, after which share capital was reduced by KSEK 413. The share capital was restored by a bonus issue without issuing new shares. The number of ordinary shares thus amounts to 17,879,253. In the second and third quarters, the company acquired 112,632 own shares for a value of KSEK 11,156 on the basis of a buy-back programme that was initiated on 28 April 2026. Share-based remuneration refers to the incentive programme from 2023 (LTIP 2023), 2024 (LTIP 2024), 2025 (LTIP 2025) and 2026 (LTIP 2026). KSEK Share capital Translation reserve Unrestricted share premium reserve Retained earnings Net profit for the period Total equity Equity, 1 January 2025 30,000 -1,575 0 311,245 164,711 504,381 Net profit for the period 149,041 149,041 Other comprehensive income -28 -28 Comprehensive income for the period -28 149,041 149,013 Previous year’s profit brought forward 164,711 -164,711 0 New share issue 55 2,358 2,413 Cancellation of own shares -621 621 0 Bonus issue 621 -621 0 Owner transactions Share dividend -90,088 -90,088 Repurchased own shares -31,852 -31,852 Option premiums repurchased -3,114 -3,114 Share-based remuneration 3,117 3,117 Equity, 31 December 2025 30,055 -1,603 2,358 354,019 149,041 533,870 KSEK Share capital Translation reserve Unrestricted share premium reserve Retained earnings Net profit for the period Total equity Equity, 1 January 2025 30,000 -1,575 0 311,245 164,711 504,381 Net profit for the period 110,609 110,609 Other comprehensive income -164 -164 Comprehensive income for the period -164 110,609 110,445 Previous year’s profit brought forward 164,711 -164,711 0 New share issue 55 2,358 2,413 Cancellation of own shares -621 621 0 Bonus issue 621 -621 0 Owner transactions Share dividend -90,088 -90,088 Repurchased own shares -20,564 -20,564 Option premiums repurchased -3,114 -3,114 Share-based remuneration 2,101 2,101 Equity, 30 September 2025 30,055 -1,723 2,358 364,291 110,609 505,574 STATEMENT OF CASH FLOWS (INDIRECT METHOD) KSEK Jan–Sep 2026 Jan–Dec 2025 Jan–Sep 2025 Operating activities Profit before tax 141,164 187,943 142,873 Adjustment for non-cash items -39,380 -123,650 -74,176 Income taxes paid -49,963 -65,802 -53,579 Cash flow from operating activities before changes in working capital 51,821 -1,509 15,118 Change in shares and participating interests, bonds and other interest-bearing securities 63,691 -41,797 -55,192 Change in operating receivables 41,314 89,419 45,547 Change in operating liabilities 31,881 23,992 26,218 Cash flow from operating activities 188,707 70,105 31,691 Cash flow from investing activities 106 -9,976 -10,000 Cash flow from financing activities -132,682 -122,641 -111,353 Cash flow for the period 56,131 -62,512 -89,662 Cash and cash equivalents at the beginning of the year 275,746 343,855 343,855 Cash flow for the period 56,131 -62,512 -89,662 Exchange differences in cash and cash equivalents 7,664 -5,597 -2,803 Cash and cash equivalents at end of period 339,541 275,746 251,390 The reported cash flows only include transactions involving cash inflows and outflows. The cash transactions are classified under operating activities, investing activities and financing activities. Cash and cash equivalents are bank deposits.
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Solid Försäkring Interim Report Jan–Sep 2026 15 Notes to the financial statements Note 1 Accounting policies Solid Försäkring’s interim report has been prepared in accordance with IAS 34 Interim Financial Report and the applicable parts of the Swedish Annual Accounts Act for Insurance Companies (1995:1560), the Swedish Financial Supervisory Authority’s regulations and general guidelines on Annual Accounts at Insurance Undertakings (FFFS 2019:23), including all applicable amendment regulations, and the Swedish Financial Reporting Board’s recommendation RFR 2 Accounting for Legal Entities. Disclosures pursuant to IAS 34.16A are presented in the financial statements and the accompanying notes as well as elsewhere in this interim report. The ESMA guidelines on alternative performance measures are applied. These are performance measures that are not defined in applicable regulations (IFRS, ÅRFL, FFFS 2019:23 and FRL), but that Solid Försäkring believes to be relevant for monitoring and describing the company’s financial situation and to provide additional useful information for users of the financial statements. Since these measures have been developed and adapted for Solid Försäkring, they are not fully comparable with similar performance measures presented by other companies. The same accounting policies and basis for calculations were applied as those used in the most recent annual report. No other IFRS or IFRIC interpretations have come into force since 1 January 2026 that have had a material impact on the company. Note 2 Segment information Solid has established three operating segments: Personal Safety, Product and Assistance. These operating segments are reported in a manner consistent with the internal financial reporting provided to the chief operating decision maker. For Solid, the chief operating decision maker is the CEO since this is the person who is responsible for allocating resources and evaluating results. The financial information reported to the CEO, used as a basis for allocating resources and assessing the company’s results, as gross profit and gross margin specified by three product areas, which have also been determined as the company’s three operating segments: Personal Safety, Product and Assistance. The company uses the same valuation principles in its segment report according to IFRS 8 as in its financial statements. Jul–Sep 2026 KSEK Personal Safety Product Assistance Not specified by segment Total Gross written premiums 122,286 47,966 93,518 263,770 Premiums earned, net of reinsurance 124,450 50,561 91,293 266,304 Claims incurred, net of reinsurance -15,229 -14,016 -38,439 -67,684 Acquisition costs* -75,538 -25,807 -33,799 -135,144 Gross profit** 33,683 10,738 19,055 63,476 Gross margin*** 27.1% 21.2% 20.9% 23.8% Administrative expenses -28,263 -28,263 Allocated investment return transferred from non-technical account 4,776 4,776 Technical result 39,989 Result of asset management 19,166 19,166 Allocated investment return transferred to non-technical account -4,776 -4,776 Other non-technical income 542 542 Other non-technical expenses -176 -176 Profit before tax 54,745 Premiums earned, net of reinsurance for the quarter amounted to KSEK 93,102 (99,023) for Solid Försäkring’s largest partner in the Personal Safety segment, KSEK 18,214 (20,212) in the Product segment, and KSEK 25,392 (27,362) in the Assistance segment. Jul–Sep 2025 KSEK Personal Safety Product Assistance Not specified by segment Total Gross written premiums 115,806 53,272 94,290 263,368 Premiums earned, net of reinsurance 118,241 61,505 83,555 263,301 Claims incurred, net of reinsurance -13,912 -17,451 -38,179 -69,542 Acquisition costs* -73,211 -31,769 -29,010 -133,990 Gross profit** 31,118 12,285 16,366 59,769 Gross margin*** 26.3% 20.0% 19.6% 22.7% Administrative expenses -27,162 -27,162 Allocated investment return transferred from non-technical account 5,867 5,867 Technical result 38,474 Result of asset management 22,173 22,173 Allocated investment return transferred to non-technical account -5,867 -5,867 Other non-technical income 1,139 1,139 Other non-technical expenses -193 -193 Profit before tax 55,726 Jan–Sep 2026 KSEK Personal Safety Product Assistance Not specified by segment Total Gross written premiums 357,709 125,045 268,546 751,300 Premiums earned, net of reinsurance 364,125 154,026 263,687 781,838 Claims incurred, net of reinsurance -42,158 -38,769 -117,777 -198,704 Acquisition costs* -224,318 -80,247 -94,307 -398,872 Gross profit** 97,649 35,010 51,603 184,262 Gross margin*** 26.8% 22.7% 19.6% 23.6% Administrative expenses -91,720 -91,720 Allocated investment return transferred from non-technical account 14,390 14,390 Technical result 106,932 Result of asset management 47,903 47,903 Allocated investment return transferred to non-technical account -14,390 -14,390 Other non-technical income 1,140 1,140 Other non-technical expenses -421 -421 Profit before tax 141,164
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Solid Försäkring Interim Report Jan–Sep 2026 16 Jan–Sep 2025 KSEK Personal Safety Product Assistance Not specified by segment Total Gross written premiums 340,196 130,408 269,725 740,329 Premiums earned, net of reinsurance 346,795 191,259 264,114 802,168 Claims incurred, net of reinsurance -42,192 -49,006 -112,346 -203,544 Acquisition costs* -214,630 -101,419 -105,495 -421,544 Gross profit** 89,973 40,834 46,273 177,080 Gross margin*** 25.9% 21.4% 17.5% 22.1% Administrative expenses -91,122 -91,122 Allocated investment return transferred from non-technical account 18,135 18,135 Technical result 104,093 Result of asset management 55,510 55,510 Allocated investment return transferred to non-technical account -18,135 -18,135 Other non-technical income 2,198 2,198 Other non-technical expenses -793 -793 Profit before tax 142,873 Jan–Dec 2025 Personal Safety Product Assistance Not specified by segment Total Gross written premiums 459,751 180,879 348,903 989,533 Premiums earned, net of reinsurance 468,626 247,428 347,039 1,063,093 Claims incurred, net of reinsurance -56,894 -62,586 -155,178 -274,658 Acquisition costs* -290,003 -130,905 -128,865 -549,773 Gross profit** 121,729 53,937 62,996 238,662 Gross margin*** 26.0% 21.8% 18.2% 22.4% Administrative expenses -131,571 -131,571 Allocated investment return transferred from non-technical account 22,956 22,956 Other technical income 3,529 3,529 Technical result 133,576 Result of asset management 74,514 74,514 Allocated investment return transferred to non-technical account -22,956 -22,956 Other non-technical income 2,835 2,835 Other non-technical expenses -26 -26 Profit before tax 187,943 * Acquisition costs include brokerage commission and costs for direct sales, included in Note 5 Operating expenses. ** Gross profit = premiums earned, net of reinsurance minus claims incurred net of reinsurance minus acquisition costs *** Gross margin = gross profit as a percentage of premiums earned, net of reinsurance Note 3 Premiums earned, net of reinsurance KSEK Jul–Sep 2026 Jul–Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Jan–Dec 2025 Gross written premiums, geographical specification Sweden 205,470 204,624 585,331 549,353 745,392 Norway 19,619 22,620 55,198 66,889 85,597 Denmark 10,363 11,729 30,383 36,354 46,989 Finland 15,075 13,845 42,525 39,930 53,664 Rest of Europe 13,243 10,550 37,863 47,803 57,891 Total gross written premiums 263,770 263,368 751,300 740,329 989,533 Outward reinsurance premiums -4,672 -7,882 -13,288 -17,813 -22,091 Total premium income net of reinsurance 259,098 255,486 738,012 722,516 967,442 Change in provision for unearned premiums and unexpired risks 7,031 175 7,539 276 43,943 -117 79,668 -16 95,843 -192 Reinsurers’ share of change in provision for unearned premiums and unexpired risks Total premiums earned, net of reinsurance 266,304 263,301 781,838 802,168 1,063,093 Note 4 Claims incurred, net of reinsurance KSEK Jul–Sep 2026 Jul–Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Jan–Dec 2025 Claims paid, net of outward reinsurance -69,020 -64,707 -199,012 -210,105 -284,954 Reinsurers’ share of Claims paid 1,021 1,586 3,955 9,206 10,434 Change in Provision for claims outstanding, net of outward reinsurance 555 -6,421 -3,742 -1,667 4,548 Reinsurers’ share of Change in provision for claims outstanding -240 0 95 -978 -4,686 Total claims incurred, net of reinsurance -67,684 -69,542 -198,704 -203,544 -274,658 KSEK
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Solid Försäkring Interim Report Jan–Sep 2026 17 Note 5 Operating expenses KSEK Jul–Sep 2026 Jul–Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Jan–Dec 2025 Specification of income statement item operating expenses Acquisition costs* -126,237 -116,313 -364,558 -349,860 -466,306 Change in item Deferred acquisition costs* -9,181 -18,141 -35,090 -72,741 -84,771 Administrative expenses -28,263 -27,162 -91,720 -91,122 -131,571 Commissions and profit-sharing in outward reinsurance* 274 464 776 1,057 1,304 Total income statement item operating expenses -163,407 -161,152 -490,592 -512,666 -681,344 Other operating expenses Claims adjustment costs included in Claims paid -6,112 -5,989 -19,530 -19,123 -25,470 Financial management costs included in Investment charges -405 -405 -1,215 -1,215 -1,620 Total other operating expenses Total operating expenses -6,517 -6,394 -20,745 -20,338 -27,090 -169,924 -167,546 -511,337 -533,004 -708,434 * Marked items comprise total acquisition costs Note 6 Result of asset management KSEK Jul–Sep 2026 Jul–Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Jan–Dec 2025 Investment income Dividends on shares and participating interests 0 144 2,154 2,797 3,090 Interest income, bonds and other interest-bearing securities 11,225 11,585 33,997 34,617 46,176 Other interest income * 1,540 1,239 4,506 5,161 7,268 Exchange gains (net) 1,271 -193 3,557 0 0 Capital gains (net) 717 4,844 3,148 13,403 11,080 Other 6 6 19 17 23 Total investment income 14,759 17,625 47,381 55,995 67,637 Investment charges Unrealised gains/losses on investment assets recognised through profit or loss -629 -1,200 -2,442 -3,052 -5,053 Shares and participating interests 5,728 1,246 196 -300 6,834 Bonds and other interest-bearing securities -692 4,502 2,768 2,867 5,096 Total unrealised gains/losses on investment assets Result of asset management 5,036 5,748 2,964 2,567 11,930 19,166 22,173 47,903 55,510 74,514 * All Other interest income consists of interest income on assets measured at fair value. Note 7 Investment assets KSEK 30 Sep 2026 31 Dec 2025 30 Sep 2025 Shares and participating interests 122,545 109,163 101,837 Bonds and other interest-bearing securities 964,919 1,026,058 1,038,653 Total investment assets 1,087,464 1,135,221 1,140,490 Note 8 Technical provisions, net of outward reinsurance KSEK 30 Sep 2026 31 Dec 2025 30 Sep 2025 Opening balance technical provisions, net of outward reinsurance 446,679 574,217 574,217 Provision for unearned premiums and unexpired risks, gross Opening balance 410,286 529,129 529,129 Insurance policies written during the period 751,300 989,533 740,329 Premiums earned during the period -795,244 -1,085,376 -819,997 Portfolio transfer 0 -12,403 0 Currency effects 12,266 -10,597 -6,590 Closing balance 378,608 410,286 442,871 Provision for claims outstanding, gross Opening balance 36,393 45,088 45,088 Settled claims from previous financial years -25,342 -27,800 -27,434 Changes in the expected cost of claims incurred in previous years (run-off result) -5,023 -9,841 -3,516 Portfolio transfer 0 -2,952 0 Provisions for the year 34,107 33,094 32,618 Currency effects 1,222 -1,196 -796 Closing balance Closing balance technical provisions, net of outward reinsurance 41,357 36,393 45,960 419,965 446,679 488,831
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Solid Försäkring Interim Report Jan–Sep 2026 18 Note 9 Pledged assets for own liabilities KSEK 30 Sep 2026 31 Dec 2025 30 Sep 2025 Policyholders’ priority rights Assets encompassed by policyholders’ priority rights 1,435,300 1,419,160 1,401,728 Technical provisions, net -416,859 -443,551 -481,276 Surplus from registered assets 1,018,441 975,609 920,452 Note 10 Disclosures on related parties Solid Försäkringsaktiebolag is 32.4 per cent owned by Waldakt AB, and of the remaining owners, no individual owner has a holding of 20 per cent or more. No business transactions of significant importance took place with related parties during the period. Related parties – Key individuals Marcus Tillberg CEO Fredrik Carlsson Chairman of the Board Lisen Thulin Board Member Lars Benckert Board Member Martina Skande Board Member Henrik Eklund Board Member Remuneration of key individuals Under the framework of the incentive programme from 2023 (LTIP 2023), 2024 (LTIP 2024), 2025 (LTIP 2025) and 2026 (LTIP 2026), KSEK 2,523, KSEK 1,325, KSEK 1,364 and KSEK 1,822, respectively, were reserved during the year including social security contributions. More information about the incentive programmes is published on the company’s website https://corporate.solidab.se/en/governance/remuneration-and-incentive-programmes/ Note 11 Financial instruments The table below shows financial instruments measured at fair value, based on their classification in the fair value hierarchy. The different levels are defined as follows: - Listed prices (unadjusted) in active markets for identical assets or liabilities (level 1). - Other observable inputs for assets or liabilities other than listed prices included in level 1 directly (i.e., price quotations) or indirectly (i.e., derived from price quotations) (level 2). - Inputs for assets or liabilities that are not based on observable market data (i.e., unobservable inputs) (level 3). KSEK Measurement level 30 Sep 2026 31 Dec 2025 30 Sep 2025 Financial assets at fair value through profit or loss Bonds and other interest-bearing securities 1 964,919 1,026,058 1,038,653 Listed shares 1 122,545 109,163 101,837 Total 1,087,464 1,135,221 1,140,490 Financial liabilities at fair value through profit or loss Derivatives 2 0 0 0 Total 0 0 0 Assets, KSEK 30 Sep 2026 31 Dec 2025 30 Sep 2025 Amortised cost* Fair value through profit or loss Carrying amount Amortised cost* Fair value through profit or loss Carrying amount Amortised cost* Fair value through profit or loss Carrying amount Financial assets Shares and participating interests 122,545 122,545 109,163 109,163 101,837 101,837 Other interest-bearing securities 964,919 964,919 1,026,058 1,026,058 1,038,653 1,038,653 Receivables, direct insurance and reinsurance 79,401 79,401 70,126 70,126 85,432 85,432 Cash and bank balances and other cash equivalents 339,541 339,541 275,746 275,746 251,393 251,393 Prepaid expenses and accrued income 8,295 8,295 8,193 8,193 9,848 9,848 Total financial assets 418,942 1,095,759 1,514,701 345,872 1,143,414 1,489,286 336,825 1,150,338 1,487,163 Non-financial assets 120,948 160,161 174,425 Liabilities, KSEK 30 Sep 2026 31 Dec 2025 30 Sep 2025 Amortised cost* Fair value through profit or loss Carrying amount Amortised cost* Fair value through profit or loss Carrying amount Amortised cost* Fair value through profit or loss Carrying amount Financial liabilities Liabilities, direct insurance and reinsurance 177,931 177,931 151,702 151,702 148,607 148,607 Other liabilities 4,510 4,510 5,463 5,463 7,184 7,184 Total financial liabilities 182,441 0 182,441 157,165 0 157,165 155,791 0 155,791 Non-financial liabilities 450,189 470,294 512,105 * Assets and liabilities are recognised at amortised cost, which is a good approximation of fair value
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Solid Försäkring Interim Report Jan–Sep 2026 19 Note 12 Earnings per share The average number of shares is a weighted number of shares for the period after the repurchase of own shares. Basic earnings per share are calculated by dividing the earnings attributable to the company’s shareholders by a weighted average number of ordinary shares outstanding for the period. To calculate diluted earnings, the weighted average number of shares outstanding is adjusted for the dilutive effect of all potential shares. There was no dilutive effect as per 30 September 2026. Jul–Sep 2026 Jul–Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Jan–Dec 2025 Net profit for the period, KSEK 41,296 43,308 108,075 110,609 149,041 Average number of shares outstanding in the period 17,605,902 17,884,810 17,663,832 17,960,210 17,928,730 Basic and diluted earnings per share, SEK 2.35 2.42 6.12 6.16 8.31 Meeting for investors, analysts and the media in connection with publication of the interim report In connection with the publication of the interim report, CEO Marcus Tillberg and CFO Sofia Andersson will hold a webcast teleconference on 23 October 2026 at 11:00 a.m. CEST. A question and answer session will take place after the presentation. To participate in the conference, click on the following link https://events.inderes.com/solid- forsakring/q3-report- report-2026 Written questions may be asked during the webcast. If you want to ask a question verbally at the teleconference, register using the following link https://events.inderes.com/solid-forsakring/q3-report-2026/dial-in Presentation material will be available on Solid’s website: https://corporate.solidab.se/en/investors/reports-and-presentations/ Interim reports The complete interim report for January to September 2026 will be available on https://corporate.solidab.se/en/investors/reports-and-presentations/ This information is such information that Solid Försäkringsaktiebolag (publ) is required to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, on 23 October 2026 at 7:30 a.m. CEST. For further information, contact Marcus Tillberg, CEO, marcus.tillberg@solidab.se, +46 703 78 20 65 Sofia Andersson, CFO, sofia.andersson@solidab.se, +46 700 42 11 77 Johan Hähnel, Head of IR, johan.hahnel@solidab.se, +46 705 05 63 34 Solid Försäkringsaktiebolag Box 220 68 SE-250 22 Helsingborg Tel: +46 771 113 113 https://corporate.solidab.se/en/ https://www.solidab.se/
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Solid Försäkring Interim report Jan–Sep 2026 Definitions Claims ratio Claims incurred, net of reinsurance including claims adjustment costs as a percentage of premiums earned, net of reinsurance. Expense ratio Operating expenses in the insurance operations as a percentage of premiums earned, net of reinsurance. Combined ratio The total of claims incurred and operating expenses, net of reinsurance in the insurance operations as a percentage of premiums earned, net of reinsurance. Direct yield (from beginning of year) Investment income for the period minus realised gains/losses on disposal of investment assets in relation to the average fair value of the opening balance and closing balance of investment assets and cash and bank balances for the current period. Total return (from beginning of year) Investment income for the period and unrealised gains/losses on disposal of investment assets in relation to the average fair value of the opening balance and closing balance of investment assets and cash and bank balances for the current period. Technical provisions, net of reinsurance Calculated as technical provisions (net of outward reinsurance) less reinsurer’s share of technical provisions. Equity (2) The total of equity and contingency reserves with deduction of assessed real deferred tax on contingency reserve. The assessed real deferred tax is calculated using the corporate tax rate for the relevant period. Net Asset Value NAV (2) Equity (2) with deduction of intangible assets. Return on equity (2) (RoE (2)) Aggregated result after tax for the period in relation to the average adjusted equity (2). The average of the balance-sheet items is calculated based on opening and closing values. Return on equity excl. intangible assets (RoNAV (2)) Aggregated result after tax for the period plus amortisation of intangible assets for the period after tax in relation to the average adjusted equity excluding intangible assets (2). The average of the balance sheet items is calculated based on opening and closing values. Net asset value Net asset value comprises recognised equity, untaxed reserves and any surplus and deficits in investment assets not recognised in the balance sheet at the end of the period. Solvency ratio The net asset value at the end of the period in relation to premium income, net of reinsurance for the period. Eligible capital base to meet solvency capital requirement Total of Tier 1 capital and ancillary own funds. Eligible capital base to meet solvency capital requirement is the capital that is eligible to cover the regulatory solvency capital requirement (SCR). Eligible capital base to meet minimum capital requirement Total of Tier 1 capital and ancillary own funds adjusted for any Tier 3 capital. Eligible capital base to meet minimum capital requirement is the capital that is eligible to cover the regulatory minimum capital requirement (MCR). Solvency Capital Requirement The Solvency Capital Requirement (SCR) has been calculated in accordance with EIOPA’s standard formula. SCR ratio The eligible capital base of the period to satisfy the solvency capital requirement (SCR) in relation to the solvency capital requirement over the same period. Minimum capital requirement The Minimum Capital Requirement (MCR) has been calculated in accordance with EIOPA’s standard formula. MCR ratio The eligible capital base of the period to satisfy the minimum capital requirement (MRC) in relation to the solvency capital requirement over the same period. 20