As previously announced in a press release, Resurs Holding AB (“Resurs”) has proposed that an Extraordinary General Meeting to be held on 2 November 2021 resolves to distribute all of the shares in Solid Försäkringsaktiebolag (“Solid Försäkring”) to Resurs’s shareholders. For this reason, Resurs is today publishing additional information about the distribution and Solid Försäkring in the form of an information brochure, which will be available at www.resursholding.com. In addition, the Board of Solid Försäkring has decided on financial targets and a dividend policy, which are stated in the information brochure.
The information brochure presents the background and reasons for the proposed distribution of Solid Försäkring and includes a description of Solid Försäkring and the Resurs Group excluding Solid Försäkring. The information brochure also contains financial targets and a dividend policy for Solid Försäkring as well as historical financial information for both Solid Försäkring and Resurs Group excluding Solid Försäkring.
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 Resurs’s shareholders at the Extraordinary General Meeting on 2 November 2021.
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) >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/.
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 RESURS HOLDING
Resurs Holding (Resurs), which operates through the subsidiaries Resurs Bank and Solid Försäkring, is the leader in retail finance in the Nordic region, offering payment solutions, consumer loans and niche insurance products. Since its start in 1977, Resurs Bank has established itself as a leading partner for sales-driven payment and loyalty solutions in retail and e-commerce, and Resurs has thus built a customer base of approximately 6 million private customers in the Nordics. Resurs Bank has had a banking licence since 2001 and is under the supervision of the Swedish Financial Supervisory Authority. The Resurs Group operates in Sweden, Denmark, Norway and Finland. At the end of the second quarter of 2021, the Group had 735 employees and a loan portfolio of SEK 31.1 billion. Resurs is listed on Nasdaq Stockholm.
 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.