Nordic non-life insurance - Q4 reporting wrap

Dec: Pulp shipments -1.3% y-o-y

Margins better, valuation high

Margins better

Core EBIT 12% better on higher margins.Outlook unchanged, NOK 6 in divi (cons 4.5)

Buy nice or buy twice

Better sales, but higher risk on 2027 estimates

Close to fair value - down to HOLD

Selvaag Bolig ASA: 5 directors

Five Directors at Selvaag Bolig ASA sold 550,888 shares at between 33.590NOK and 34.220NOK. The significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over ...

Q4 above, lifts FY'26 guidance

EBITDA below, dividend above

Q4: +8% PTP beat from Savings (perf. fees) and Insurance

Essity Aktiebolag (publ): 1 director

A director at Essity Aktiebolag (publ) bought 1,000,000 shares at 261.568SEK and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last tw...

A solid Q4 on the back of a solid CMD

Still cheap in an expensive world

Buybacks on fire, margins on ice

Focus on H1'26 sales starts

Margin window likely closed for now

Q4 clean EBITA +2% vs. cons

Pre-quarter material published

Wood costs decline, pulp looks fine