Highlights Q2 2022

CR 82.5% and 25 % volume growth

Protector Forsikring ASA recorded a profit of NOK 65.8m (NOK 267.3m) for the quarter. The technical result was NOK 248.5m (NOK 189.8m) driven by strong technical results in Scandinavia. The combined ratio was 82.5 % (83.9 %). The return on investments was NOK -175.2m (NOK 143.5m) or -1.2 % (1.0 %). Equity markets posted significantly weakened returns while widening spreads and rising interest rates impacted the fixed income portfolio negatively.

In Q2, gross written premiums increased by 25 % or 24 % in local currencies. The growth is driven by the UK Sweden and Norway. For the half year, gross written premiums came in at NOK 4,898.6m up 14 % or 16 % in local currencies.

In the first half year, the company recorded a profit of NOK 21.1m (NOK 840.1m). The technical result was NOK 280.1m (NOK 281.9m) corresponding to a combined ratio of 89.5 % (87.4 %). The return on investments was NOK -185.1m (NOK 724.1m) or -1.2% (5.1 %).

The SCR-ratio was 206 % (235 %).

 

Q2 2022 shows following development compared to Q2 2021:

  • Premium growth in local currencies 24 % (22 %)
  • Net combined ratio 82.5 % (83.9 %)
  • Net return on investments incl. COI NOK -175.2m (NOK 143.5m) or -1.2% (1.0 %)
  • Profit for the period NOK 65.8m (NOK 267.3m)
  • Solvency margin 206 % (235 %)

 

H1 2022 shows following development compared to H1 2021:

  • Premium growth in local currencies 16% (7%)
  • Net combined ratio 89.5% (87.4%)
  • Net return on investments incl. COI NOK -185.1m (NOK 724.1m) or -1.2% (5.1%)
  • Profit for the period NOK 21.1m (NOK 840.1m)

 

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