If’s strong growth continues – solid half-year result despite large claims7.8.2024 08:43:56 CEST | If Skadeförsäkring
QUARTERLY RESULT Today, If P&C Insurance presents the financial result for the second quarter and first half of 2024. The strong growth in all business areas continues. A harsh Nordic winter weights down in the first quarter and large claims in the second, but thanks to Ifs scale and business diversity, the result remained strong and stable. “Our diverse business model and size is a strength as well as our excellent pricing strategy. We are growing in all business areas, and we are a reliable partner to our customers handling more than 100 MSEK per day in claims payments; from weather related to large claims, including public events”, says Morten Thorsrud, CEO of If P&C Insurance. The steady premium growth (7.3 percent) for the first half of 2024 is supported by robust growth across all business areas, with growth in private mainly driven by Personal risk insurances (12 percent) and Property (6 percent), whilst Motor (5 percent) development is modest due to continued low new car sales