Brief: Protector Forsikring warns of Q1 loss, eyes gain in April

Protector Forsikring ASA

15/04/2020 19:36

April 15 (Reuters) - Protector Forsikring ASA  PROTCT.OL :
    * BASED UPON PRELIMINARY ACCOUNTING FIGURES THE RESULT FOR
Q1 WILL
BE NEGATIVE WITH APPROX. MNOK -385
    * Q1 INVESTMENT RESULT ENDED ON NEGATIVE SIDE WITH MNOK -452
    * EQUITY PORTFOLIO INCLUSIVE OF HEDGING INSTRUMENTS
INFLICTED A
LOSS OF MNOK -331
    * FIXED INCOME PORTFOLIO ENDED WITH A NEGATIVE RESULT OF
MNOK -121
    * FROM APRIL 1ST UNTIL APRIL 14TH INVESTMENT RESULT IMPROVED
BY
MNOK 180
    * END OF 2019 ABOUT 16% OF OUR TOTAL FINANCIAL POSITIONS
WHERE
ALLOCATED TO HY. BY END OF MARCH WE HAVE INCREASED THIS
ALLOCATION TO 28%
    * IN Q1 WE DELIVERED A NET COMBINED RATIO OF 98.3%, COMPARED
TO
105.9% SAME PERIOD LAST YEAR

Source text for Eikon:  urn:newsml:reuters.com:*:nObid433Za
Further company coverage:  PROTCT.OL 

 (Reporting By Terje Solsvik)
 ((terje.solsvik@thomsonreuters.com;))