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INSR - Insr Insurance ASA News Story

NOK0.445 -0.0  -1.3%

Last Trade - 04/05/21

Sector
Financials
Size
Micro Cap
Market Cap £5.77m
Enterprise Value £554k
Revenue £68.3m
Position in Universe 1702nd / 1836

BRIEF-Insr Insurance Group ASA - Q3 Net Result From Operations Was A Loss Of Nok 11 Million

Tue 10th November, 2020 6:20am
Nov 10 (Reuters) - Insr Insurance Group ASA  INSN.OL :
    * INSR: Q3 2020 RESULTS - PRESERVING REMAINING VALUE
    * INSR INSURANCE GROUP ASA - UNDERLYING INSURANCE BUSINESS IS SOUND WITH A GROSS COMBINED
RATIO
FOR Q3 OF 96.9%
    * INSR INSURANCE GROUP ASA - COMPANY REMAINS SOLVENT WITH A SOLVENCY RATIO OF 100.2%
    * INSR INSURANCE GROUP ASA - Q4 WILL BE TRANSFORMATIONAL, AS COMPANY BASICALLY STOPS TAKING
INSURANCE RISK
    * INSR INSURANCE GROUP ASA - Q3 NET RESULT FROM OPERATIONS WAS A LOSS OF NOK 11 MILLION
(PROFIT OF
NOK 11 MILLION)
    * INSR INSURANCE GROUP ASA - Q3 TOTAL RESULT, INCL. DISCONTINUED OPERATIONS, WAS A LOSS OF
NOK 17
MN (LOSS OF NOK 12 MN)
    * INSR INSURANCE GROUP ASA - Q3 NET COMBINED RATIO WAS 105.8% (94.8%) AND GROSS COMBINED
RATIO
96.9% (92.4%)
    * INSR INSURANCE GROUP ASA - DURING 2021, REMAINING ORGANIZATION WILL CONTINUE WORKING ON A
SECURE
CUSTOMER TRANSFER AND SUPPORT CUSTOMERS NOT YET MOVED TO STOREBRAND
    * INSR INSURANCE GROUP ASA - BOARD'S IMMEDIATE PRIORITY IS TO ENSURE AN ORDERLY WIND-DOWN OF
INSURANCE ACTIVITY
    * INSR INSURANCE GROUP ASA - A BID FOR ENTIRE COMPANY IS STILL POSSIBLE
    * INSR INSURANCE GROUP ASA - ANY FUNDAMENTAL STRATEGIC CHANGES WILL HAVE TO BE DECIDED BY
SHAREHOLDERS AND BE IN LINE WITH GUIDANCE FROM NORWEGIAN FSA

Source text for Eikon:  ID:nObiJ0GYRa 
Further company coverage:  INSN.OL 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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