Brief: Protector Forsikring: Preliminary Figures Show Poor Q4 2019

Protector Forsikring ASA

22/01/2020 06:11

Jan 22 Reuters) - Protector Forsikring  PROTCT.OL :
    * SAID ON TUESDAY PRELIMINARY ACCOUNTING FIGURES SHOWS A
POOR Q4
2019 RELATIVE TO PREVIOUS GUIDING
    * POOR Q4 MAINLY DUE TO RUN-OFF LOSSES IN SOME PRODUCTS, A
LARGE
LOSS RATE HIGHER THAN NORMAL AND GENERALLY POOR FIGURES IN
NORWAY AND FINLAND
    * BASED UPON PRELIMINARY ACCOUNTING FIGURES THE PROFIT
BEFORE TAX
(INCL. COI) FOR THE FULL YEAR 2019 WILL BE APPROX. MNOK 20
    * GROSS WRITTEN PREMIUM (GWP) IN Q4 2019 AMOUNTED TO MNOK
549, AN
INCREASE OF 16% COMPARED TO Q4 2018
    * JANUARY 2020 SHOWS A 4,7 % VOLUME GROWTH COMPARED TO
JANUARY
2019
    * EXPECT A LOW SINGLE DIGIT GROWTH FOR Q1 2020

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nObi65pGNa
    
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