Brief: Protector Forsikring ASA Says Q2 Profit 267.3 Mln NOK Versus 580.4 Mln NOK Year Ago

Protector Forsikring ASA

08/07/2021 19:11

July 8 (Reuters) - Protector Forsikring ASA  PROTCT.OL :
    * Q2 PROFIT 267.3 MILLION NOK VERSUS 580.4 MILLION NOK YEAR
AGO
    * IN FIRST HALF YEAR, CO RECORDED  PROFIT OF NOK 840.1M,
AGAINST
NOK 195.5M IN H1 2020
    * NET COMBINED RATIO WAS 83.9% IN QUARTER, DOWN FROM 92.1%
IN Q2
2020.
    * IN Q2, GROSS PREMIUMS WRITTEN INCREASED BY 22% IN LOCAL
CURRENCIES (11% IN NOK)
    * QTRLY RETURN ON INVESTMENTS WAS NOK 143.5M (1.0%) COMPARED
TO
NOK 638.8M (5.2%) IN Q2 2020.
    * H1 NET COMBINED RATIO WAS 87.4% COMPARED TO 95.1% IN SAME
PERIOD
LAST YEAR & RETURN ON INVESTMENTS WAS NOK 724.1M
    * AGM IN 2021 HAS RESOLVED TO DISTRIBUTE A SPECIAL DIVIDEND
OF NOK
137.5 MILLION, CORRESPONDING TO NOK 1.67 PER SHARE

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

 ((Reuters.Briefs@thomsonreuters.com;))