Brief: Protector Forsikring ASA - Q3 Profit For Quarter Was NOK 343.8 Mln

Protector Forsikring ASA

30/10/2020 06:08

Oct 30 (Reuters) - Protector Forsikring ASA  PROTCT.OL :
    * CR 93.4% AND STRONG RETURN ON INVESTMENTS
    * PROTECTOR FORSIKRING ASA - Q3 PROFIT FOR QUARTER WAS NOK 343.8M AGAINST NOK -8.3M IN Q3
2019
    * PROTECTOR FORSIKRING ASA - RESULT IS DRIVEN BY A GOOD TECHNICAL RESULT AND A STRONG RETURN
ON
INVESTMENTS.
    * PROTECTOR FORSIKRING ASA - IN Q3, GROSS WRITTEN PREMIUMS DECREASED BY 14% IN LOCAL
CURRENCIES
AND 8% IN NOK
    * PROTECTOR FORSIKRING ASA - SIGNIFICANT PRICE INCREASES IN NORDICS AND EXIT OF A VERY LARGE
CUSTOMER IN NORWAY HAVE RESULTED IN A VERY HIGH CLIENT CHURN
    * PROTECTOR FORSIKRING ASA - Q3 RETURN ON INVESTMENTS TOTALLED NOK 334.4M, OR 2.6% COMPARED
TO A
NEGATIVE RETURN OF NOK -41.4M OR -0.4% IN Q3 2019

Source text for Eikon:  ID:nObifbdQxa 
Further company coverage:  PROTCT.OL 

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