Protector Forsikring ASA
OSE:PROT

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Protector Forsikring ASA Logo
Protector Forsikring ASA
OSE:PROT
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Price: 519 NOK -0.76% Market Closed
Market Cap: 42.8B NOK

Protector Forsikring ASA
Investor Relations

Protector Forsikring ASA is a Norwegian insurance company that has carved a niche for itself in the Nordic and UK markets by focusing on business-to-business insurance solutions. Established in 2004, the company has steadily grown by providing distinct offerings in the realm of commercial and public sector insurance. Its business model revolves around delivering tailored insurance products primarily in property and casualty, aimed at the specific needs of businesses and municipalities. By embracing a flexible and innovative underwriting approach, Protector Forsikring has been able to mitigate risks effectively while offering competitive pricing as compared to traditional insurance companies. This strategy has allowed the company to maintain a robust portfolio and a reliable stream of premium income.

To drive profitability, Protector Forsikring employs a disciplined cost management approach, characterized by streamlined operations and the strategic use of technology. A key component of its financial success is its focus on retaining a lean organizational structure, which allows for quick decision-making and adaptability to market changes. Furthermore, Protector leverages its investment activities as a crucial income source, seeking stable returns through a diversified asset portfolio. This balance of conservative underwriting and prudent investment strategy ensures that Protector Forsikring not only sustains its competitive edge but also delivers consistent financial performance in a dynamic insurance landscape. Through its committed focus on customer service and efficiency, the company has built strong client relationships, driving both retention and growth in a competitive industry.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 23, 2025
AI Summary
Q3 2025

Profitability: Protector delivered strong profitability in Q3, though management emphasized normalizing for large losses and runoff effects.

Growth: Q3 saw weak growth due to underwriting discipline, churn, timing technicalities, and a softer property market, especially in the UK.

AI Focus: The company is heavily investing in AI, deploying it across the organization to boost efficiency and decision quality, with a major leadership development program dedicated to AI.

UK Real Estate Expansion: Protector entered the UK real estate insurance market earlier than planned after improvements in data and commission structures, viewing it as a major growth opportunity.

France Pipeline: Tender volumes in France reach EUR 460 million so far, with more expected in Q4 and early 2026, though win rates remain uncertain.

Cost Ratio: The cost ratio excluding commissions increased by over 1 percentage point due to share-based bonuses and booking changes, but underlying cost structure is stable.

Solvency: The solvency position remains very strong, even as Protector prepares for further growth and upcoming capital changes.

Key Financials
Quote Rate (UK)
44%
Tender Volume (France)
EUR 460 million
Combined Ratio (UK new sales target)
around 91%
Employees (Protector)
close to 700
Leaders (Protector)
140
Cost Ratio (excluding commissions)
up by more than 1 percentage point in Q3
Earnings Call Recording
Other Earnings Calls

Management

Mr. Henrik Wold-Golfetto Hoye
Chief Executive Officer
No Bio Available
Mr. Ditlev de Vibe Vanay
Chief Financial Officer
No Bio Available
Mr. Dag Marius Nereng
Chief Investment Officer
No Bio Available
Mr. Hans Didring
Deputy CEO
No Bio Available
Leonard Bijl
IT Director
No Bio Available
Mr. Stuart Winter
Country Manager UK
No Bio Available
Ms. Cathrine Wessel Poulsen
Deputy Employees Representative Member
No Bio Available
Mr. Stefan Salonen
Head of Underwriting & General Agent
No Bio Available
Mr. Bjarte Jensen
Chief Underwriter of Public Sector - UK
No Bio Available
Elisabeth Krey Helgesen
Investor Relations Executive
No Bio Available

Contacts

Address
OSLO
Oslo
Stoperigata 2
Contacts