18.9
-0.53%
Close of 6 Nov 2026, in ISK
About Skagi hf
Its shares trade on Nasdaq Iceland under the ticker SKAGI.IC. It has been listed since 24 April 2013. In the fiscal year to 31 December 2024, it reported revenue before interest expense of ISK 28.23bn and net income of ISK 2.26bn.
Vátryggingafélag Íslands hf.engages in the provision of insurance services. The company provides non-life insurance services, offering insurance products for individuals, families, companies, institutions and municipalities. The firm performs in such insurance sectors as Property insurance, Marine insurance, Mandatory motor insurance, Other motor insurance, Liability insurance, Personal accident insurance, International insurance and Life and critical illness insurance. The firm operates one subsidiary, Liftryggingafelag Islands hf, which provides life, critical illness, unit-linked and income insurance.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Insurance
- Listed since
- 24 Apr 2013
- Employees
- 186
- Website
- vis.is ↗
Leadership
Pay as last reported
- Ms. Svanhildur VigfusdottirChairman of the Board
- Ms. Gudhny HerbertsdottirChief Executive Officer, Director, since 2023
- Ms. Helga HakonardottirVice Chairman of the Board
- Mr. Jon TraustasonManaging Director - Finance and Analysis
- Mr. Birkir JohannssonChief Executive Officer - Core Operations
- Mr. Ingolfur ThorsteinssonManaging Director - Digital Solutions
- Mr. Fridrik BragasonHead of Personal Division, since 2014ISK 25.2m
- Ms. Audur GudmundsdottirHead of CorporateISK 25.3m
- Mr. Thorvaldur JacobsenHead of Corporate DevelopmentISK 25.6m
- Mr. Agnar OskarssonHead of Claims, since 2008ISK 25.3m
- Ms. Ingibjoerg RagnarsdottirManager of Sales and Service
- Mr. Sindri SigurjonssonManager of Insurance and Claims
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Skagi hf provides comprehensive non-life insurance services across Property, Marine, and Liability sectors in Iceland.
- The company operates a subsidiary, Liftryggingafelag Islands hf, offering life and critical illness insurance products.
- With 186 employees, Skagi hf delivers localized insurance solutions for individuals, families, and municipalities.
Weaknesses
- Skagi hf's operations are limited to Iceland, restricting market expansion opportunities.
- The company's business model focuses solely on insurance services without diversification into other financial sectors.
- Lack of international presence limits access to broader insurance markets and customer segments.
Opportunities
- Expanding into international insurance markets could leverage Skagi hf's existing expertise in Property and Marine insurance.
- Growing demand for critical illness insurance in Iceland presents an opportunity for Liftryggingafelag Islands hf.
- Increasing focus on digital insurance solutions could enhance customer engagement and service delivery.
Threats
- Economic downturns in Iceland could reduce demand for non-life insurance services.
- Regulatory changes in the Icelandic insurance sector may increase operational costs.
- Competition from international insurers entering the Icelandic market poses a threat to market share.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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