A year-end review: From words to action

As we approach the end of 2025, I look back on a year in which Nord Insuretech Group successfully transitioned from words to action. This year we have been focusing on one primary objective: proving the validity of our business model and demonstrating that we are creating genuine value for our shareholders.

Expansive growth and operational momentum  

We began the year with ambitious goals, and the development throughout 2025 has shown a crystal-clear direction. As reported in our latest business update, our Gross Written Premium (GWP) portfolio grew to over SEK 57 million by the end of the third quarter. This represents a formidable increase from the SEK 28 million recorded at the start of the year. 

The second half of the year has been dedicated to maintaining this strong commercial momentum while further optimizing our operations. With new sales of SEK 13.8 million secured in Q3 alone, we have proven that our commercial engine, driven by the success of CoverMe, Nord Forsikring, and our partnership with Instabank, is operating with high precision. We are ending the year with a foundation that has never been stronger, ready to carry this momentum into 2026. 

A strengthened financial foundation and strategic partnership  

A defining milestone this autumn was the successful directed share issue of approximately SEK 15.7 million to the MNK Group. Securing a partner of MNK’s caliber is a significant vote of confidence in our vision and scalable platform. This capital injection, combined with the work undertaken to streamline our financial structure by converting shareholder loans and eliminating interest-bearing debt, has created a far more robust company. 

Furthermore, the integration of CoverMe has provided us with an exciting entry point into high-value niche markets, such as the Tesla community, which aligns perfectly with our digital-first profile. These strategic moves ensure that we have the financial muscle and the right partnerships to accelerate our growth further. 

Our technology platform, Digisure, is now functioning as the efficient engine enabling us to manage this rapid growth without costs spiraling out of control. It is this scalability that holds the key to profitability. 

Shareholder value and Market Response  

As CEO of a listed company, I am acutely aware of our responsibility to our owners. Our strategy remains firm: to create long-term value through the intelligent application of technology and strategic partnerships within the Nordic insurance market. 

It is pleasing to see that our share price has begun to gain momentum, showing a steady, positive trend. Although I personally always believe things could move faster, this is a clear sign that the market is waking up to the underlying results we are delivering. As the numbers improve quarter by quarter, trust, and consequently value, will follow. 

Looking ahead

We enter 2026 with a record-high portfolio and a clean balance sheet. We will continue to be the agile challenger that moves faster than the established giants. We still see significant opportunities for consolidation in the Nordic market, and we are well-positioned to seize those opportunities as they arise. 

Thank you to all shareholders for your continued belief in us.
We are here to deliver, and we are only just getting started. 

Jan Petter Myhrstad

CEO