Brief: Protector Forsikring Q2 Net Result Swings To Loss Of NOK 125.7 Million

Protector Forsikring ASA

12/07/2019 06:20

July 12 (Reuters) - Protector Forsikring ASA  PROTCT.OL :
    * POOR PROFITABILITY CR 107,2% AND 32% VOLUME GROWTH
    * QUARTER'S RESULT WAS NEGATIVE WITH NOK -125.7 MILLION
COMPARED
WITH A PROFIT OF NOK 53.8 MILLION IN Q2 2018
    * Q2 NET COMBINED RATIO WAS 107.2% UP FROM 99.2% IN Q2 2018
    * IN Q2, GROWTH IN GROSS WRITTEN PREMIUMS WAS 32%
    * STRONG GROWTH IS DRIVEN BY STRONG VOLUME GROWTH IN UK AND
SWEDEN
AND PRICE INCREASES IN NORDIC REGION
    * NEW GUIDING FOR 2019 IS; 18% GROWTH (UP FROM 14%) AND A
COMBINED
RATIO OF 100% (UP FROM 96%).

Source text for Eikon:  ID:nObi5S3nCa 
Further company coverage:  PROTCT.OL 

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