Financials
Reports, presentations and documents
See all financial reports
Financial calendar
Further details regarding presentations and webcasts etc will be added closer to the event.
Protector Forsikring ASA reserves the right to amend the dates.
Protector Forsikring ASA reserves the right to amend the dates.
See all events
Financial targets
Combined ratio
Target: <91%
Geographical sales distribution:
Solvency capital ratio
Target: >150%
Geographical sales distribution:
Flexible dividend policy
Solvency ratio zone assessment
Move towards ‘Green’ if we see e.g. profitable insurance growth, risk-taking in investment portfolio, other attractive allocation opportunities and/or market/macro turbulence.
Move towards ‘Red’ if we see e.g. limited growth opportunities, very low risk, no near-term allocation opportunities and have good future visibility
Solvency capital ratio
The Board prepares quarterly distribution assessments on the basis of the most recently approved annual accounts.
Financial overview
Documents
IR policy
Policy for financial and other investor information is described in the company's IR Policy. (PDF, 128KB)
Credit rating
Here you may find official credit rating documents.
Protector Forsikring ASA has been credit rated by AM Best, one of the marked leaders internationally within rating of insurance companies.
AM Best has given us the following rating:
- Long-Term Issuer Credit Rating: a- (Excellent) and Stable outlook
- Financial Strength Rating: A- (Excellent) and Stable outlook
For more detailed information on AM Bests rating of us, click here (PDF).
Protector Forsikring ASA has been credit rated by AM Best, one of the marked leaders internationally within rating of insurance companies.
AM Best has given us the following rating:
- Long-Term Issuer Credit Rating: a- (Excellent) and Stable outlook
- Financial Strength Rating: A- (Excellent) and Stable outlook
For more detailed information on AM Bests rating of us, click here (PDF).
Consensus estimates and analysts
Average




Q3 2025 estimates
Gross written premium (GWP)
1 898
1 950
1 948
1 839
1 856
Insurance revenue
3 522
3 554
3 516
3 503
3 515
Insurance service result
499
498
534
481
482
Cost ratio
10.7%
11.1%
10.7%
10.0%
11.0%
Combined ratio (%)
85.8%
86.0%
84.8%
86.3%
86.3%
Net income from investments
303
153
466
429
166
Profit before tax
742
613
911
844
599
EPS (NOK)
6.9
5
9
8
5
Target price per share
NOK
Average
554
NOK
Oct 28, 2025
Pareto Securities
560
NOK
Jul 14, 2025
SEB
527
NOK
Oct 28, 2025
Nordea
568
NOK
Oct 24, 2025
DNB Carnegie
560
NOK
Jul 14, 2025
Average




FY 2025 estimates
Gross written premium (GWP)
14 390
14 408
14 593
14 259
14 299
Insurance revenue
13 828
13 837
13 969
13 736
13 771
Insurance service result
1 899
1 956
2 037
1 813
1 788
Cost ratio
10.9%
10.9%
10.9%
10.8%
11.0%
Combined ratio (%)
86.3%
85.9%
85.4%
86.8%
87.0%
Net income from investments
1 842
1 709
1 990
1 973
1 695
Profit before tax
3 238
3 197
3 486
3 258
3 009
EPS (NOK)
30.3
30
33
31
28
Target price per share
NOK
Average
554
NOK
Oct 28, 2025
Pareto Securities
560
NOK
Jul 14, 2025
SEB
527
NOK
Oct 28, 2025
Nordea
568
NOK
Oct 24, 2025
DNB Carnegie
560
NOK
Jul 14, 2025
See all
Target price per share
440 NOK
440 NOK
440 NOK
440 NOK
Q2 estimates
Share price
Share price
Share price
Share price
Gross written premium (GWP)
Share price
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Insurance revenue
Share price
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Share price
Share price
Gross written premium (GWP)
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Share price
Protector Forsikring ASA invite external independent analysts covering our company to provide consensus estimates, and we will share a summary of these on our webpages every quarter. The consensus represent the average of the individual estimates provided by the analysts. Protector will not take responsibility for the content within the respective broker houses' estimates. Links below will take you to our latest updated consensus estimates
Analyst info

Ulrik Årdal Zürcher
Senior Analyst - Financials
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