Sjova stock: Sjóvá raises 2026 insurance outlook. What this means for Sjova stock

Published on 10/24/2026 at 03:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nine-month profit reached ISK 1.905 billion with a 90.8 percent combined ratio. For Sjova stock, guidance targets ISK 2.7-2.9 billion.

Insurance outlook and reporting dates

Sjóvá lifted its 2026 insurance-contract earnings outlook to ISK 2.7-2.9 billion on October 22, 2026.
Nine-month 2026 profit reached ISK 1.905 billion with a 90.8 percent combined ratio.
Market capitalization stood at ISK 50.9 billion as of October 23, 2026.

Sjova, IS0000024602, Illustration mit AI erstellt.

Sjóvá stock (ISIN IS0000024602) now carries 2026 insurance-contract earnings guidance of ISK 2.7-2.9 billion, raised from ISK 1.8-2.5 billion on October 22, 2026. The announcement came with nine-month profit of ISK 1.905 billion and a 90.8 percent combined ratio, according to Nasdaq Iceland.

What does the outlook mean for earnings?

The revised range is materially above the previous floor and ceiling, while the targeted combined ratio moves to 92 percent from 93-95 percent. That combination points to insurance operations as the main support for the higher outlook, rather than investment income.

The third quarter itself was more mixed. Profit fell to ISK 767 million from ISK 1.145 billion in the third quarter of 2025, while insurance-contract earnings before tax reached ISK 911 million versus ISK 936 million. Investment earnings before tax declined to ISK 472 million from ISK 958 million over the same comparison.

Three dates define the reset

On October 12, 2026, Sjóvá reported the purchase of 419,752 treasury shares for ISK 17.786 million under its buyback plan, according to Nasdaq Iceland. On October 16, 2026, the company scheduled its third-quarter release for October 22, according to GlobeNewswire. The October 22 results then delivered the higher guidance and 9M profit figure.

Which dates come next?

Sjóvá's financial calendar names February 11, 2027 for its 2026 annual results and March 11, 2027 for its annual meeting, both listed in the October 22 release from Nasdaq Iceland.

Stock valuation after the results

The last quoted price was ISK 43.85 on October 23, 2026 at 3:20 p.m. GMT on Nasdaq Iceland. The same market snapshot put Sjóvá's market capitalization at ISK 50.9 billion and its 52-week range at ISK 35.20-46.40, leaving the shares nearer the upper end of that span than the lower end.