Protector Forsikring Asa

PR40

Equity

ISIN US7436841024 / Valor 50318641

Deutsche Boerse AG (2024-12-23)

EUR 47.00%

Protector Forsikring Asa
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About company

Protector Forsikring ASA is a specialized insurance company that provides liability insurance solutions tailored for large and medium-sized enterprises as well as public sector entities across Norway, Sweden, Denmark, Finland, and the United Kingdom. The company's focus on liability insurance reflects its expertise in addressing the specific risks and insurance needs of its clientele, which includes a broad spectrum of industries and government bodies. By operating in multiple Nordic countries and the UK, Protector Forsikring ASA leverages a wide geographical footprint to serve a diverse client base, ensuring that businesses and public sector organizations in these regions have access to robust insurance coverage that safeguards against various liabilities.

Summarized from source with an LLMView SourceSector: Finance

Profit

Protector Forsikring ASA recorded a profit of NOK 455.6m for Q1 2024, down from NOK 626.2m in Q1 2023. The result was driven by a strong insurance service result in the UK and a good return on investments.

Gross Written Premiums

In Q1 2024, gross written premiums amounted to NOK 4,429.5m, reflecting a 12% increase compared to Q1 2023. The growth in local currencies was 9%, with an underlying growth of 14% for continued business.

Combined Ratio

The combined ratio for Protector Forsikring ASA in Q1 2024 was 91.2%, an improvement from 93.2% in Q1 2023. This was primarily due to a strong insurance service result, particularly in the UK property segment.

Investment Return

Protector Forsikring ASA's total investment return for Q1 2024 was NOK 371.8m, compared to NOK 521.7m in Q1 2023. The net income from assets under management was NOK 350.1m, or 1.7%, down from 4.3% in the previous year.

Special Dividend

The Board of Protector Forsikring ASA decided to distribute a special dividend of NOK 164.9m, corresponding to NOK 2.00 per share, utilizing the authorization granted by the Annual General Meeting on 11 April 2024. The payment is scheduled for 10 May 2024.

Summarized from source with an LLMView Source

Key figures

53.6%1Y

%3Y

%5Y

Performance

50.9%1Y

57.4%3Y

57.4%5Y

Volatility