Protector Forsikring ASA ( (PSKRF) ) has released its Q1 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 primarily in the Nordic region, known for its focus on commercial and public sector insurance solutions.
In the first quarter of 2025, Protector Forsikring ASA reported a substantial increase in profits, driven by a strong insurance service result and robust investment returns. The company recorded a profit of NOK 740 million, reflecting a significant improvement from the previous year.
Key financial highlights include a combined ratio of 85.9%, indicating improved underwriting performance, and a 19% growth in gross written premiums, with France and Norway being the largest contributors. The investment portfolio also performed well, yielding a return of NOK 577 million, with equities and fixed income contributing positively.
Looking ahead, Protector Forsikring ASA remains optimistic about maintaining its profitability through continued price adjustments to counter claims inflation. The company is well-positioned to navigate market uncertainties and capitalize on technological advancements to enhance its competitive edge.