Protector Forsikring Asa header image

Protector Forsikring Asa

PROT

Equity

ISIN NO0010209331 / Valor 2213231

Oslo Stock Exchange (2024-12-23)
NOK 286.00+1.78%

Protector Forsikring Asa
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About company

Protector Forsikring ASA is a leading provider of liability insurance for large and medium-sized companies as well as the public sector in Norway, Sweden, Denmark, Finland, and the UK. The company specializes in offering comprehensive insurance solutions to protect businesses from potential risks and liabilities. With a strong presence in multiple countries, Protector Forsikring ASA is known for its expertise in the insurance industry and its commitment to providing reliable coverage to its clients.

Summarized from source with an LLMView SourceSector: Finance

Latest Results (20.08.2024):

Profit Overview

Protector Forsikring ASA recorded a profit of NOK 254m for Q2 2024, compared to NOK 219m in Q2 2023. The insurance service result was NOK 157m, down from NOK 384m in the same quarter last year, corresponding to a combined ratio of 94.5%. The result was driven by good performance in the UK, Sweden, and Norway, while Denmark faced challenges due to large claims.

Premium Growth

In Q2 2024, gross written premiums amounted to NOK 3,551m, reflecting a 16% increase in local currencies. This growth was primarily driven by the UK and Norway. For the first half of the year, gross written premiums totaled NOK 7,981m, up 14% from the previous year, with a 12% increase in local currencies.

Investment Returns

Protector Forsikring ASA achieved a total investment return of NOK 242m in Q2 2024, compared to a negative return of NOK 38m in Q2 2023. The net income from assets under management was NOK 271m, or 1.3%, compared to a negative 1% in the same quarter last year. For the first half of the year, the total investment return was NOK 614m, up from NOK 484m in H1 2023.

Dividend Distribution

The Board of Protector Forsikring ASA has decided to distribute a dividend of NOK 165m, corresponding to NOK 2.00 per share. This decision was based on the company's strong financial position and competitive market standing. The dividend payment is scheduled for 23 July 2024.

Equity and Capital Position

At the end of Q2 2024, Protector Forsikring ASA's equity amounted to NOK 4,688m, an increase of NOK 70m compared to the end of Q1 2024. The SCR-ratio was 191% post dividends, slightly down from 196% at the end of Q1 2024. The company aims to maintain a SCR-ratio above 150% in the long term.

Summarized from source with an LLMView Source

Key figures

62.9%1Y
173%3Y
454%5Y

Performance

31.8%1Y
30.5%3Y
37.4%5Y

Volatility

Market cap

2038 M

Market cap (USD)

Daily traded volume (Shares)

59,287

Daily traded volume (Shares)

1 day high/low

288 / 280.5

1 day high/low (USD)

52 weeks high/low

0.00 / 0.00

52 weeks high/low (USD)

Dividend ex-date

01 January, 2022

Dividend ex-date

Dividend

0.00

Dividend (USD)

Dividend yield (p.a.)

0.00%

Dividend yield (p.a.)

0.002022
0.002023
0.002024

Est dividend (USD)

0.00%2022
0.00%2023
0.00%2024

Est dividend yield

P/E ratio

10.00

P/E ratio

00.002022
00.002023
00.002024

Est P/E ratio

EPS

0.00

EPS (USD)

0.002022
0.002023
0.002024

Est EPS (USD)

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