Resurs finalises the closing of the UK Insurance operations
Resurs Holding has in the three latest quarterly reports reported about the on-going closing of the UK travel insurance operations in the segment Insurance which has negatively impacted the profitability of the segment during the year.
Since the 31:st of October this business is finally discontinued and the remaining costs have now been calculated to approximately MSEK 30. These costs will affect the result of the forth quarter 2016 as a non-recurring cost.
-The closing of this unprofitable business enhances our Insurance segment going forward, says Kenneth Nilsson, CEO of Resurs Holding.
More information is available from:
Gunilla Wikman, Investor Relations Manager, firstname.lastname@example.org, +46 707 638125
About Resurs Holding
The Resurs Group, which operates through the subsidiaries Resurs Bank and Solid Försäkringar, is the leader in retail finance in the Nordic region, offering payment solutions, consumer loans and niche insurance products. Since its start in 1977, Resurs has established collaborations with over 1,200 retail partners with approximately 35,000 stores and built a customer base of approximately 5 million private customers in the Nordics. Resurs Bank has had a bank charter since 2001 and is under the supervision of the Swedish Financial Supervisory Authority. The Resurs Group, with operations in Sweden, Denmark, Norway and Finland, had around 720 employees and a loan portfolio of more than SEK 20.6 billion at the end of the third quarter of 2016. Resurs has been listed on Nasdaq Stockholm since 29 April 2016.