The profit for the quarter was NOK 580.4m against NOK -125.7m in Q2 2019. The result is driven by a good technical result and a strong return on investments.
The net combined ratio was 92.1%, a strong improvement from Q2 2019.
In Q2, gross written premiums increased by 3% in local currencies and 16% in NOK driven by a strong growth in the UK.
The return on investments totalled NOK 638.8m, or 5.2% compared to a negative return of NOK -69.3m or -0.6% in Q2 2019.
Further details are provided in the attached report and presentation, which includes definitions of financial key figures.
Oslo, July 10th 2020
Protector Forsikring ASA
This information is subject of the disclosure requirements acc. to ยง5-12 vphl (Norwegian Securities Trading Act)