Protector Forsikring ASA ( (PSKRF) ) has released its Q4 earnings. Here is a breakdown of the information Protector Forsikring ASA presented to its investors.
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Protector Forsikring ASA is a non-life insurance company operating in various countries, known for its focus on commercial and public sector insurance solutions. In its latest earnings report for Q4 and FY 2024, Protector Forsikring ASA highlighted a solid insurance service result despite a challenging investment environment. The company reported a Q4 profit of NOK 248 million, driven by a robust insurance service result of NOK 502 million, but offset by a negative investment return. The full-year profit reached NOK 1,539 million, supported by an 18% growth in gross written premiums. Key financial highlights include a combined ratio of 84.2% for Q4 and 88.1% for the full year, indicating improved underwriting performance. The company’s investment portfolio experienced a negative return of NOK 96 million in Q4, but a positive return of NOK 1,059 million for the full year. Looking forward, Protector Forsikring ASA remains optimistic about maintaining strong insurance service results through continued price adjustments and a high renewal rate, while acknowledging potential risks from claims development and capital market volatility.
