Highlights Q3 2021

CR 82.9% and 27% volume growth

Protector Forsikring ASA recorded a profit of NOK 125.1m (NOK 343.8m) for the quarter. The result is driven by a strong technical result and a weak return on investments. The technical result was NOK 211.4m (NOK 80.9m) corresponding to a combined ratio of 82.9% (93.4%).

In Q3, gross written premiums increased by 27 % in NOK and 26% in local currencies. The growth is driven by the UK and Sweden. YTD written premiums came in at NOK 5,164.7m up 8% or 10% in local currencies.

YTD, the company recorded a profit of NOK 965.2m (NOK 539.3m). The return on investments was NOK 717.1m (NOK 521.1m) or 5.1% (4.3%). The technical result was NOK 493.2m (NOK 193.0m) corresponding to a combined ratio of 85.9% (94.5%).

The Board has utilised its authorisation granted by the Annual General Meeting in 2021 and has resolved to distribute a special dividend of NOK 137.5 million, corresponding to NOK 1.67 per share.

The SCR-ratio was 230% (171%) after distribution of dividends.