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Protector Forsikring ASA (PSKRF)
:PSKRF
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.44Last Year’s EPS
0.31Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: 3.15%
|Next Earnings Date:Jul 11, 2025
Earnings Call Sentiment|Neutral
The earnings call indicated strong performance in several areas, including a solid combined ratio and growth in Norway and Denmark. However, challenges were noted in the Swedish market due to competition and increased costs in Denmark. While there were successes such as bond placement and AI implementation, there were also concerns about increased reinsurance costs and a large loss in the French portfolio.Company Guidance
During the first quarter of 2025, Protector presented robust financial results, underscored by an impressive combined ratio of 85.9%, although this figure requires adjustment due to fewer large losses and some runoff gains. The company reported strong profit growth, highlighted by a significant investment result amounting to NOK9 per share. A notable development was the successful placement of a Tier 2 bond, enhancing the solvency side. In Denmark, Protector finalized an agreement to transfer its workers' compensation portfolio to DARAG, mitigating its involvement in this business line with limited impact on profit and capital. The company also introduced an AI tool for its 600 employees to underscore the importance of data as a strategic asset, aiming to foster a culture of data-driven decision-making. Geographically, the quarter saw strong growth in Norway and Denmark, while the UK market experienced normalized competitive conditions. Meanwhile, competition in Sweden remained intense, particularly in the motor sector. Protector's strategic focus on data and technology is positioned to drive continued efficiency and growth, with the company investing in new capabilities to leverage high-quality data more effectively.Strong Combined Ratio and Profit Growth
Protector reported a strong combined ratio of 85.9%, though noted that this figure was influenced by fewer large losses and some runoff gains. Additionally, a strong profit was achieved with a notable investment result amounting to NOK9 per year share.
Successful Placement of Tier 2 Bond
The Tier 2 bond was placed successfully, contributing to the company's solvency position.
Strong Growth in Norway and Denmark
Protector experienced very strong growth in Norway and Denmark, primarily driven by the market situation being rational in these regions.
Implementation of AI Tools
Protector launched an AI tool for all employees, aiming to emphasize the importance of data and enhance operational efficiency.
Improved Motor Pricing Strategy
Protector achieved profitability improvements with price increases well above inflation in the motor segment during 2024, with more actions expected in 2025.
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
PSKRF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2025 | $9.21 | $9.21 | 0.00% |
Jan 29, 2025 | $8.86 | $8.86 | 0.00% |
Oct 24, 2024 | $9.05 | $9.05 | 0.00% |
Jul 11, 2024 | $9.16 | $9.16 | 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.
FAQ
When does Protector Forsikring ASA (PSKRF) report earnings?
Protector Forsikring ASA (PSKRF) is schdueled to report earning on Jul 11, 2025, TBA Not Confirmed.
What is Protector Forsikring ASA (PSKRF) earnings time?
Protector Forsikring ASA (PSKRF) earnings time is at Jul 11, 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 (Q2) is 0.44.