Protector Forsikring: Plummets on "poor" preliminary Q4 results

Protector Forsikring ASA

22/01/2020 08:45

** Shares in Protector Forsikring  PROTCT.OL  plummet more
than 16% after the Norwegian insurer's preliminary Q4 results
fall short of its own guidance
    ** "Preliminary accounting figures show a poor fourth
quarter relative to previous guiding," the company says
 urn:newsml:reuters.com:*:nObi65pGNa
    ** The company cites run-off losses on some products, an
unusually high large loss rate and generally poor figures in
Norway and Finland
    ** The stock is set for its worst day since October 2018
    
      
     

 (mateusz.topa@thomsonreuters.com)