Brief: Protector Forsikring Q4 Profit At NOK 442.2 Mln

Protector Forsikring ASA

04/02/2021 06:20

Feb 4 (Reuters) - Protector Forsikring ASA  PROTCT.OL :
    * QUARTERLY PROFIT 442.2 MILLION NOK
    * IN Q4, GROSS WRITTEN PREMIUMS INCREASED BY 30%. GROWTH IS DRIVEN BY UK, SWEDEN AND NORWAY
    * IN Q4 RETURN ON INVESTMENTS WAS NOK 448.5M (NOK 156.6M) OR 3.4% (1.4%)
    * COVID-19 PANDEMIC HAD A POSITIVE IMPACT ON NET CLAIMS RATIO ESTIMATED AT APPROXIMATELY 3
PERCENTAGE POINTS IN Q4 AND 1 PERCENTAGE POINT FOR FULL YEAR
    * BOARD CONSIDERS RECOMMENDING A DIVIDEND OF NOK 3,00 PER SHARE FOR 2020 AND QUARTERLY
DIVIDEND
ASSESSMENTS GOING FORWARD
    * LANDSLIDE AT GJERDRUM IN NORWAY IN DECEMBER, DEFINED AS A NATURAL PERIL EVENT, INCURRED A
LARGE
LOSS OF NOK 45M

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

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