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Protector Forsikring ASA (PSKRF)
:PSKRF
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.44Last Year’s EPS
0.49Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: 3.94%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook, with strong growth in key markets like the UK and successful entry into France. However, challenges remain with cost inefficiencies and specific regional performance issues, particularly in Denmark and Sweden.Company Guidance
During the call discussing the full-year 2024 results for Protector Forsikring, several key metrics and strategic goals were highlighted. The company reported that public sector and housing now represent close to 50% of their premiums, up from 29% in 2019. The growth in 2024 was strong across all countries except Sweden, with significant contributions from the UK and emerging opportunities in France. The French market is seen as a strategic growth area, with new sales amounting to EUR 25 million as of January 1, 2025, although the company acknowledges the potential for volatility given its startup status. The combined ratio was adjusted to reflect large losses and reinsurance impacts, suggesting improved operational efficiency. Moreover, the company emphasized its commitment to data quality for 2025 and beyond, aiming to drive cost and quality leadership, and highlighted a strong renewal rate driven by low churn and price increases. The management also discussed their cautious approach to cost management in France and underscored the importance of maintaining profitability while pursuing growth opportunities in new markets.Strong Growth in Public Sector
In 2024, public sector and housing represent close to 50% of premiums, up from 29% in 2019. This is a significant growth area for Protector Forsikring, especially in the UK and France.
Successful French Market Entry
Protector Forsikring has made successful inroads into the French market with EUR 25 million in January new sales and a strong relationship with local brokers.
Improved Loss Ratios
Normalized large loss level is slightly lower than the expected 7%, showing an improvement in loss ratios.
Strong UK Business Performance
Quarter four growth was driven by the UK business, with high retention rates and price increases contributing to strong performance.
Positive Reinsurance Renewal
Protector Forsikring successfully renewed its reinsurance programs, reducing the need for high-level reinsurance and lowering relative reinsurance costs for 2025.
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PSKRF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PSKRF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $9.14 | $9.14 | 0.00% |
| Oct 24, 2024 | $9.34 | $9.34 | 0.00% |
| Jul 11, 2024 | $9.45 | $9.45 | 0.00% |
| Apr 25, 2024 | $9.28 | $9.28 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Protector Forsikring ASA (PSKRF) report earnings?
Protector Forsikring ASA (PSKRF) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Protector Forsikring ASA (PSKRF) earnings time?
Protector Forsikring ASA (PSKRF) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PSKRF EPS forecast?
PSKRF EPS forecast for the fiscal quarter 2025 (Q1) is 0.44.
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