Norway's Protector Forsikring Q1 net income drops on investment loss

Protector Forsikring ASA

22/04/2026 18:17

Overview

Norway property insurer's Q1 gross written premiums grew 20%, combined ratio at 84.9%

Net income and EPS declined yr/yr, with investment returns turning negative

Company announced NOK 8.00 per share dividend, payable 7 May 2026

Outlook

Company did not provide specific guidance or outlook for future periods

Result Drivers

PREMIUM GROWTH - Gross written premiums rose 20%, with UK growth driven by 1 April inception date

NEGATIVE INVESTMENT RETURN - Total investment return including insurance finance was NOK -231 mln, down from NOK 536 mln a year earlier

UNDERWRITING IMPROVEMENT - Combined ratio improved to 84.9% from 85.9%

Company press release: ID:nMFN3T2GrT

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
NOK 165 mln
Q1 Combined Ratio
84.90%
Q1 Dividend per share
NOK 8
Q1 Solvency Ratio
220.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the multiline insurance & brokers peer group is "buy"

Wall Street's median 12-month price target for Protector Forsikring ASA is NOK610.00, about 25.1% above its April 22 closing price of NOK487.60

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)