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Assistance and Personal Safety lead the way. Underwriting to grow at a CAGR of 4% until 2026. BUY reiterated with unchanged TP of SEK 100.
High price increases in non-life = margin expansion; Attractive dividend levels to come from life units; BUY stability from Sampo/Tryg; earnings growth STB/GJF
Robust Q2 beat, driven by investment portfolio. 2025e-26e top line cut 4-8% from end of Power partnership. Market leader at a discount, reiterate BUY.
Premium income to pick up in H2'24e. Minor estimate tweaks, attractive earnings scenario intact. TP raised to SEK 100 (90), reiterate BUY.
Robust Q1 beat, driven by investment portfolio. We increase adj. EPS by 0-5% for 2024e-26e. Market leader at a discount, reiterate BUY.
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