Highlights Q4 and preliminary full year 2024

CR 88.1% and 15% volume growth in local currencies

Key results FY 2024:

  • Combined ratio: 88.1% (88.5%)
  • Gross written premium growth 18%, 15% in local currencies
  • Total investment return including insurance finance NOK 846m (944)
  • Profit for the year NOK 1,539m (1,509)
  • Earnings per share NOK 18.7
  • Solvency ratio 193% (195), post dividend

2024:
Protector Forsikring ASA recorded a profit of NOK 1,539m (1,509) for 2024. The
insurance service result was NOK 1,404m (1,080), corresponding to a combined
ratio of 88.1% (88.5). The total return on investments including insurance
finance was 846m (944). The return on investments excluding insurance finance
was 4.9% (7.9).

In 2024, gross written premiums ended at NOK 12,333m, up 18% (15 % in local
currencies) relative to 2023.

Q4:
Protector Forsikring ASA recorded a profit of NOK 248m (676) for the fourth
quarter. The insurance service result was NOK 502m (361), corresponding to a
combined ratio of 84.2% (86.4). The total return on investments including
insurance finance was -67m (504). The return on investments excluding insurance
finance was -0.4% (5.1).

In Q4, gross written premiums amounted to NOK 2,688m, up 30% (27% in local
currencies) relative to Q4 2023.
 

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