TM is an Icelandic insurance company, offering comprehensive insurance and financing services, with a strong market position in Iceland. The Company established a foothold in Norway by acquiring the Norwegian insurance company Nemi Forsikring. Following the acquisition, the Company has experienced further growth in Norway, which presents further opportunities for the development of the Company.
In 2007, Stodir acquired a 99% stake in TM. Stodir's acquisition and consolidation of TM brings more stable cash flow and strengthens the Company's operations.