Protector Forsikring Asa

Latest Results (07.01.2025):

Profit for the Period

Protector Forsikring Asa reported a profit for the period in the third quarter of 2024. The company's financial performance was bolstered by improvements in their property and motor segments, supported by price increases that outpaced claims inflation. Despite facing several large loss events, the company managed to maintain profitability through strategic pricing and operational efficiency.

Investment Performance

In Q3 2024, Protector Forsikring Asa achieved a total investment return of 2.3%, amounting to NOK 534 million. The investment portfolio saw positive contributions from equities and bonds, with equities yielding a 2.5% return and bonds a 2.4% return. The company also noted a high return from Nordic high-yield bonds during the quarter.

Gross Premiums Written

Protector Forsikring Asa experienced a 15% growth in local currency gross premiums written in Q3 2024. The renewal rate stood at 93%, driven by strategic price increases to counteract claims inflation. The company maintained a disciplined approach to its profitable growth target, despite churn from a large UK client.

Combined Ratio

The combined ratio for Protector Forsikring Asa in Q3 2024 was impacted by large loss events, particularly from Denmark and the UK. However, the company reported run-off gains in Norway, Sweden, and the UK, which helped mitigate the overall impact on the combined ratio. The company continues to focus on maintaining quality leadership in its markets.

Solvency Capital Requirement

Protector Forsikring Asa's Solvency Capital Requirement (SCR) ratio stood at 194% at the end of Q3 2024. The SCR composition was primarily driven by net insurance risk, accounting for 66% of the total. The company maintains a flexible shareholder distribution policy, with a focus on profitable insurance growth and strategic capital allocation.