If

If is the leading property and casualty insurer in the Nordic region, with 3.8 million customers in the Nordic and Baltic countries. If offers a full range of P&C insurance solutions and services to a broad customer base, from private individuals to large corporate customers.

If operates on a pan-Nordic basis leveraging both scale and capabilities across all areas in If. If's key success factor is continuous improvement of its operations. Underwriting focus by understanding risk better than competitors, setting the right prices, and offering the best products and services, have been If's strategic themes for more than a decade.

If's operations are divided into Nordic business areas by customer segments. The Baltic countries constitute a separate business area and operates on one business platform across all three Baltic countries.

• The Private business area is If's largest business area and Nordic market leader with more than three million private individuals as customers.
• The Commercial business area is the largest commercial insurer in the Nordic countries. This business area insures companies with up to 500 employees and has about 340,000 companies as customers.
• The Industrial business area is the leading insurer for large corporate customers in the Nordic region with approximately 1,500 customers. Customers are companies with a turnover of more than EUR 50 million and more than 500 employees.
• The Baltic business area offers property and casualty insurances for both private individuals and corporate customers. If is the fourth largest P&C insurer in the Baltic region and market leader in Estonia, with approximately 280,000 customers.

In order to fulfil the vision of being the preferred insurance partner, If has adopted a strategy based on three strategic goals:

• Most satisfied customers through strong focus on customer value
  To achieve this If must have the best in-depth understanding of the customers' insurance needs and, correspondingly, the best underwriting skills. If strives to be the most service-oriented company in the industry and continues to develop its digital communication.
• Europe's most professional and innovative P&C insurance people
  If continues to strengthen its underwriting competences within the "Best in Risk" concept. The concept focuses on understanding all aspects of risk management, including product, pricing and risk quality, throughout the organisation.
• Stable profitability through underwriting excellence and operational efficiency
  Profitability in the core business by accurate pricing of risk. Continuous focus on cost efficiency, an investment strategy based on balanced risk and creditworthiness also contribute to a strong and stable profitability.

If's financial target for 2021-2023 is a combined ratio below 85 per cent. For 2021 the guidance is 82-84 per cent (reviewed on 5 May 2021). The guidance is reviewed quarterly.