The summarised results for Q2 2023 (Q2 2022) are:
o Combined ratio 83.9% (84.8%)
o Gross written premium growth at 71% (25%), 56% (24%) in local currencies
o Total investment return including insurance finance NOK -37.7m (NOK 29.7m)
o Profit for the quarter NOK 218.5m (NOK 199.5m)
o Solvency ratio of 192% (206%) post dividends
In the first half year, the company recorded a profit of NOK 844.7m, against NOK
407.6m in H1 2022. Combined ratio was 88.1%, down from 90.1% in the same period
last year. The total return on investments including insurance finance was NOK
484.0m, against 278.7m in H1 2022.
The Board has utilised its authorisation granted by the Annual General Meeting
30 March 2023 and has resolved to distribute a special dividend of NOK 164.9
million, corresponding to NOK 2.00 per share. The payment will take place on 21
July 2023.
Further details are provided in the attached report and presentation, which
includes definitions of financial key figures.
Oslo, 10 July 2023
Protector Forsikring ASA
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)