Kjetil Garstad, board member in Protector Forsikring ASA, has today 23 July 2021
acquired 25,000 shares in Protector Forsikring ASA through his related party
Steel City AS at an average price of NOK 92.50 per share. Following this
transaction, Steel City AS holds 144,706 shares in Protector Forsikring ASA.
This information is subject to the disclosure requirements in MAR (regulation
(EU) No. 596/2014 on market abuse) as implemented in Norway in accordance with
section 3-1 of the Securities Trading Act.
Primary insider Mathews Ambalathil, board member in Protector Forsikring ASA,
has today, 9 July 2021, sold 1,289 shares in Protector Forsikring ASA at NOK
95.1 per share. After the transaction Mathews Ambalathil owns 791 shares in
Protector Forsikring ASA.
This information is subject to the disclosure requirements in MAR (regulation
(EU) No. 596/2014 on market abuse) as implemented in Norway in accordance with
section 3-1 of the Securities Trading Act.
Dividend amount: NOK 1.67
Declared currency: NOK
Last day including right: 13 July 2021
Ex-date: 14 July 2021
Record date: 15 July 2021
Payment date: 21 July 2021
Date of approval: 8 July 2021
Other information: The special dividend is adopted by the Board according to the
authorisation given by the ordinary General Meeting on 8 April 2021.
This information is published in accordance with the requirements of Oslo Børs'
Continuing Obligations.
The profit for the quarter was NOK 267.3m compared to NOK 580.4m in Q2 2020. The
result is driven by a strong technical result and a good investment result.
The net combined ratio was 83.9%, down from 92.1% in Q2 2020.
In Q2, gross premiums written increased by 22% in local currencies (11% in NOK).
Price increases were 9.2% and will continue in some markets and segments.
The return on investments was NOK 143.5m (1.0%) compared to NOK 638.8m (5.2%) in
Q2 2020.
In the first half year, the company recorded a profit of NOK 840.1m, against NOK
195.5m in H1 2020. The net combined ratio was 87.4% compared to 95.1% in the
same period last year. The return on investments was NOK 724.1m, or 5.1%
compared to NOK 186.7m, or 1.5% in H1 2020.
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 dividend will be paid on or about 21
July 2021.
The SCR-ratio was 235% (161%) adjusted for the distribution of dividend.
Further details are provided in the attached report and presentation which
include definitions of financial key figures.
Oslo, July 8th 2021
Protector Forsikring ASA
This information is subject of the disclosure requirements acc. to §5-12 vphl.
(Norwegian Securities Trading Act)
Protector Forsikring ASA hereby invites you to the presentation of the results
for the 2nd quarter 2021, Friday, July 9th at 10:00am CET.
Due to COVID-19 and corresponding Infection Prevention and Control
Considerations, we do not open for physical presence, and thus the presentation
will only be webcasted. The presentation will be held in English.
In accordance with the resolution of the Annual General Meeting 8 April 2021,
Protector Forsikring ASA has today June 7th 2021 reduced the share capital with
a total of NOK 3,655,605. This is done by cancelling 3,655,605 own shares.
The share capital subsequent to the capital reduction is NOK 82,500,000 divided
into 82,500,000 shares, each with a par value of NOK 1.00.
Updated certificate of registration is enclosed.
Oslo, 7 June 2021
Protector Forsikring ASA
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities
Trading Act).
AM Best has revised the outlook for Protector Forsikring's Long-Term Issuer
Credit Rating of BBB+ from negative to stable and affirms the stable outlook on
the Financial Strength Rating(FSR).
According to AM Best these credit ratings reflect Protector's balance sheet
strength, which is assessed as strong, as well as Protector's adequate operating
performance, neutral business profile and appropriate enterprise risk
management.
For more information please see the attached press release.
Oslo, June 3rd 2021
Protector Forsikring ASA
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.