Highlights Q2 2023
CR 83.9% and 56% volume growth in local currencies
Protector Forsikring ASA recorded a profit of NOK 218.5m (NOK 199.5m) for the quarter. The result is driven by a strong insurance service (technical) result offset by a negative return on investments.
The insurance service result was NOK 383.8m (NOK 248.5m) corresponding to a combined ratio of 83.9% (84.8%).
Net income from assets under management was NOK ‐180.2m (NOK ‐175.2m) or
The total investment return including insurance finance was NOK ‐37.7m (NOK 29.7m).
In Q2, the gross written premiums amounted to NOK 3 057.2 up 71% (56% in local currencies) relative to Q2 2022. The strong growth is driven by the UK (84% of the growth), but all countries contribute.
The Board has utilized its authorization granted by the Annual General Meeting 30th March 2023 and has resolved to distribute a special dividend of NOK 164.9m, corresponding to NOK 2.00 per share.
At the end of Q2 2023, the SCR‐ratio was 192% (206%), post dividends.