Skagi hf
IICE:SKAGI18.73
ISK
+0.13
(+0.70%)
ISIN
IS0000007078
Return %
Stock
S&P 500
1Y
-5.40
13.14
3Y
- -
80.78
5Y
- -
67.74
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Haraldur I. Þórðarson
- Full Time Employees
- 241
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Armuli 3 Reykjavík GR Iceland 108
- IPO Date
- Apr 24, 2013
- Website
- skagi.is
- Similar Companies
- Business
- Skagi hf. Insurance company providing non-life and life insurance products in Iceland, with operations spanning personal, commercial, and casualty lines; headquartered in Reykjavik, Iceland, founded in 1917. Main products and services - Property insurance: homeowners, rental properties, dwellings, and contents coverage; specialized property protections for private residences and commercial properties - Motor vehicle insurance: mandatory and voluntary motor coverage for private and commercial vehicles; comprehensive and third-party liability options - General liability and casualty insurance: coverage for individuals and businesses against third-party claims; products include professional liability and product liability - Accident and health insurance: personal accident, disability, and health-related risk protections; group and individual policies - Life and health insurance: term, whole life, and universal life products; underwriting for individuals and group plans - Travel insurance: domestic and international trip coverage, including medical and trip interruption protections - Specialty and rider-based insurances: mountain sports and adventure activities, bicycle, golf, musical instrument coverage, animal insurance, and specialty risk policies - Family, home contents, and personal property insurance: contents coverage, valuable item riders, and home protection packages - Foreign and reinsurance solutions: cross-border risk transfer arrangements and reinsurance partnerships Latest major company changes - Strategic alignment and rebranding: changes related to corporate identity from a former name to Skagi hf., with a broadening of product scope and market positioning within Iceland’s insurance sector - Merger discussions and strategic evaluation: engagement in merger considerations with Íslandsbanki hf. in 2025, subsequently discontinued in early 2026 due to due diligence findings and capital considerations; ongoing emphasis on core insurance operations and standalone growth - Product and market expansion: continued enhancement of personal and commercial insurance offerings, including expanded lines for travel, mountain activities, and specialty risk coverage; ongoing evaluation of product sets to meet evolving customer needs in Iceland - Corporate and governance updates: ongoing governance refinements and potential structure adjustments to support strategic initiatives and capital planning within Iceland’s regulatory framework Industry context and business segments - Industry: Insurance (non-life, life and health, reinsurance) - Segments: personal lines (property, motor, travel, health), commercial lines (general liability, professional liability, business interruption, heavy equipment, marine and cargo), specialty risk and riders, life and health, travel - Customer types: individuals, families, small-to-medium enterprises, municipalities and institutions, high-net-worth policyholders - Geographic focus: Iceland with cross-border reinsurance activities; headquarters in Reykjavik Founding year and corporate structure - Founded in 1917 - Headquarters: Reykjavik, Iceland - Corporate status: listed/regulated entity in Iceland; ticker SKAGI.IC on Nasdaq Iceland Subsidiaries and group relationships - Uses a corporate umbrella structure within the Icelandic insurance sector; surrounding entities include operating arms for specific lines (property, motor, life, travel, specialty risk) and potential reinsurance arrangements Notes - Rebranding and name changes reflect organizational evolution and market positioning; not all details are public, but the entity maintains core Icelandic insurance operations with a comprehensive non-life and life product suite - The information above consolidates publicly available disclosures and market reporting 2024–2026 periods to present a cohesive profile for Skagi hf. as of 2026