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Financials

Reports, presentations & documents

Preliminary FY and Q4 2024 Interim results
January 30, 2025
Investor Presentation Symmetry Invest
November 21, 2024
DNB Investor Trip UK
November 14, 2024
Q3 2024 Interim results
October 24, 2024
SEB mid-quarter update
September 13, 2024
ABG SC Nordic Insurance Trip 2024
September 4, 2024
Q2 2024 Interim results
July 12, 2024
Q1 2024 Interim results
April 25, 2024
Preliminary FY and Q4 2023 Interim results
February 1, 2024
Tier 2 Bond Issue Roadshow
November 29, 2023
Q3 2023 Interim results
October 20, 2023
Q2 2023 Interim results
July 11, 2023
ABG SC Nordic Insurance Trip
May 23, 2023
Pareto Investor Trip UK
May 22, 2023
Q1 2023 Interim results
April 28, 2023
Preliminary FY and Q4 2022 Interim results
February 2, 2023
Q3 2022 Interim results
October 27, 2022
Q2 2022 Interim results
July 8, 2022
Nordea Nordic Insurance Field Trip
June 9, 2022
ABGSC Nordic Insurance Trip
May 20, 2022
Q1 2022 Interim results
April 28, 2022
SEB Mid-quarter update
March 23, 2022
Tier 2 Bond Issue Roadshow
February 8, 2022
Q4 and preliminary year end results Roadshow @ SEB
February 4, 2022
Q4 and preliminary year end results
February 3, 2022
Perpetual Restricted Tier 1 Bond Issue Roadshow
November 24, 2021
Q3 2021 Interim results
October 28, 2021
Q2 2021 Interim results
July 9, 2021
Q1 2021 Interim results
April 29, 2021
Capital Market Day 2021
March 10, 2021
Capital Market Day 2021
March 10, 2021
Q4 2020 and preliminary year end results
February 4, 2021
Q3 2020 Interim results
October 30, 2020
Q2 2020 Interim results
July 10, 2020
Q1 2020 Interim results
April 30, 2020
Q4 2019 and preliminary year end results
February 6, 2020
Santangel's Investor Forum
November 6, 2019
Q3 2019 Interim results
October 25, 2019
Q2 2019 Interim results
July 12, 2019
Capital Market Day 2018
October 26, 2018
Capital Market Day 2017
August 22, 2017
Capital Market Day 2016
August 18, 2016
Capital Market Day 2015
June 3, 2015

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.
See all events
Coming events
11
Jul 2025
Date not set yet
Interim Report Q2 2025

Protector Forsikring ASA hereby invites you to the presentation of the 2nd quarter results for 2025, Friday July 11th at 10:00am CET.

The presentation will be webcasted to our homepages only.

Questions may be directed to ir@protectorforsikring.no beforehand or throughout the webcast.

The Q2 report and presentation will be published in advance of the webcast.

Protector Forsikring ASA hereby invites you to the presentation of the 2nd quarter results for 2025, Friday July 11th at 10:00am CET.

The presentation will be webcasted to our homepages only.

Questions may be directed to ir@protectorforsikring.no beforehand or throughout the webcast.

The Q2 report and presentation will be published in advance of the webcast.

22
Sep 2025
Date not set yet
Silent period
From 22.09.2025 to 23.10.2025
23
Oct 2025
Date not set yet
Interim Report Q3 2025

Financial targets

Combined ratio
Target: <91%
Geographical sales distribution:
*includes Finland
Solvency capital ratio
Target: >150%
Geographical sales distribution:
*includes Finland

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
150%
200%
Capital distributed over time
Shareholder distribution normally 20%-80% of net profit
Quarterly assessment, all allocation alternatives evaluated
Profitable insurance growth always prioritized
Build solvency capital
The Board prepares quarterly distribution assessments on the basis of the most recently approved annual accounts.

Consensus estimates & analysts

Average
Q2 2025 estimates
Gross written premium (GWP)
4 084
4 071
4 065
4 114
Insurance revenue
3 399
3 418
3 282
3 459
3 436
Insurance service result
482
448
443
547
491
Cost ratio
10.5%
10.7%
10.7%
10.7%
9.8%
Combined ratio (%)
85.8%
86.9%
86.5%
84.2%
85.7%
Net income from investments
523
649
301
579
564
Profit before tax
775
800
651
858
789
EPS (NOK)
7.5
8
6
8
7
Target price per share
NOK
Average
479.5
NOK
Jul 8, 2025
Pareto Securities
470
NOK
Jul 2, 2025
SEB
440
NOK
Jun 18, 2025
Nordea
538
NOK
Jul 8, 2025
DNB Carnegie
470
NOK
Jul 4, 2025
Average
FY 2025 estimates
Gross written premium (GWP)
14 273
14 261
14 325
14 233
Insurance revenue
13 754
13 818
13 626
13 815
13 757
Insurance service result
1 821
1 850
1 722
1 931
1 780
Cost ratio
10.5%
10.4%
10.7%
10.6%
10.2%
Combined ratio (%)
86.8%
86.6%
87.4%
86.0%
87.1%
Net income from investments
1 761
1 919
1 521
1 838
1 766
Profit before tax
3 022
3 148
2 788
3 115
3 037
EPS (NOK)
28.8
30
27
30
29
Target price per share
NOK
Average
479.5
NOK
Jul 8, 2025
Pareto Securities
470
NOK
Jul 2, 2025
SEB
440
NOK
Jun 18, 2025
Nordea
538
NOK
Jul 8, 2025
DNB Carnegie
470
NOK
Jul 4, 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
Share price
Share price
Share price
Insurance revenue
Share price
Share price
Share price
Share price
Gross written premium (GWP)
Share price
Share price
Share price
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
Pareto Securities AS
Price target (25.04.2025)
400 NOK
Analyst
SEB
Price target (18.06.2025)
440 NOK
Analyst
Nordea
Price target (25.04.2025)
400 NOK
Ulrik Årdal Zürcher
Analytiker, Equity Research
Analyst
DNB Markets
Price target (24.04.2025)
380 NOK
Latest
No items found.
Analyst
Pareto Securities AS
Price target (25.04.2025)
400 NOK
Analyst
SEB
Price target (18.06.2025)
440 NOK
Analyst
Nordea
Price target (25.04.2025)
400 NOK
Ulrik Årdal Zürcher
Analytiker, Equity Research
Analyst
DNB Markets
Price target (24.04.2025)
380 NOK

Financial overview

Ticker: STUDBO
Top shareholders
Capital %
Account type
AWC AS
19.95
%
-
16 461 312
shares
Ordinary
Jun 30, 2025
STENSHAGEN INVEST AS
9.12
%
-
7 526 353
shares
Ordinary
Jun 30, 2025
CITIBANK (SWITZERLAND) AG
5.4
%
-
4 456 162
shares
Nominee
Jun 30, 2025
VERDIPAPIRFOND ODIN NORDEN
3.83
%
-
3 156 885
shares
Ordinary
Jun 30, 2025
VERDIPAPIRFONDET ALFRED BERG GAMBA
2.6
%
-
2 145 948
shares
Ordinary
Jun 30, 2025
Source: The Norwegian Central Securities Depository (VPS) shareholder register
Gross written premium (GWP) development in MNOK:

Sample

Lorem
Read

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, 208KB).

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