Q1 2015 shows following development compared to Q1 2014:
- Gross premiums written NOK 1 515,8m, up 25% from NOK 1
208,6m
- Net combined ratio 82,4 %, up from 79,9%
- Operating profit of NOK 210,5m, up from NOK 162,4m
- Return on investments NOK 122,2m (2,2%) , up from NOK
83,8m (1.9%)
The overall expectations to 2015 are an operating profit
of NOK 600m up from previously guided NOK 500m, a 22%
growth (up from 18%) in GWP and a net combined ratio of
86% (down from 88-90%).
The company's Board of Directors has, on the basis of
Protector's successfull entry into Sweden and Denmark,
decided to enter the UK market. The entry will not have
significant effects on results before 2017.
For further information, please see the attached report
and presentation.
Oslo, 30 March 2015
Protector Forsikring ASA
This information is subject of the disclosure requirements
acc. to ยง5-12 vphl (Norwegian Securities Trading Act).