Uber Shares Purchased by Swedish Insurance Firm

Livforsakringsbolaget Skandia Omsesidigt increases stake in ride-sharing company by nearly 500%

Mar. 18, 2026 at 9:36am by Ben Kaplan

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Livforsakringsbolaget Skandia Omsesidigt, a Swedish insurance company, has significantly increased its stake in Uber Technologies, Inc. by purchasing an additional 64,800 shares during the third quarter. This represents a 495.9% increase in the firm's holdings of the ride-sharing company's stock, which is now valued at $7.625 million.

Why it matters

The substantial increase in Uber shares held by Livforsakringsbolaget Skandia Omsesidigt suggests the Swedish firm sees long-term growth potential in the ride-hailing company, despite recent volatility in Uber's stock price and ongoing regulatory challenges the company has faced in various markets.

The details

According to a regulatory filing, Livforsakringsbolaget Skandia Omsesidigt raised its position in Uber Technologies by purchasing an additional 64,800 shares during the third quarter of 2026. This increased the firm's total holdings in Uber to 77,866 shares, up from just 13,066 shares held previously.

  • Livforsakringsbolaget Skandia Omsesidigt disclosed the increase in its Uber stake in a filing during the third quarter of 2026.

The players

Livforsakringsbolaget Skandia Omsesidigt

A Swedish insurance company that has significantly increased its stake in Uber Technologies, Inc.

Uber Technologies, Inc.

An American technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers.

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The takeaway

Uber's ability to attract major institutional investors like Livforsakringsbolaget Skandia Omsesidigt, despite ongoing challenges, suggests the company's long-term growth prospects remain promising in the eyes of some large financial players.