Protector Forsikring ASA Reports Q2 Earnings: 19% Increase in Gross Written Premiums, Profit Rises to NOK 716 Million

Protector Forsikring ASA reported strong growth in profits and premiums for Q2 and H1 2025, driven by robust insurance service and investment returns. The company recorded a profit of NOK 716 million for Q2 and NOK 1,457 million for H1 2025, with gross written premiums increasing by 19% for both periods. The combined ratio improved to 84.9% for Q2 and 85.4% for H1 2025, indicating enhanced operational efficiency.

Norwegian insurer Protector Forsikring ASA (OB:PROT) has reported impressive financial results for the second quarter and first half of 2025, demonstrating robust growth in profits and premiums. The company's strategic focus on operational efficiency and investment returns has been instrumental in achieving these gains.

For the second quarter of 2025, Protector reported a profit of NOK 716 million, a significant increase from the NOK 254 million recorded in the same period last year. This improvement was driven by a combined ratio of 84.9%, down from 94.5% in Q2 2024. The company also saw gross written premiums (GWP) grow by 19%, with a 16% increase in local currencies. This growth was supported by a renewal rate of 103%, indicating strong customer retention and effective pricing strategies.

In the first half of 2025, Protector's profit reached NOK 1,457 million, up from NOK 710 million in the same period last year. The combined ratio for H1 2025 was 85.4%, reflecting continued operational improvements. The company also reported a total investment return of NOK 1,004 million, including insurance finance, up from NOK 614 million in H1 2024. The investment portfolio is primarily allocated between bonds and equities, with a yield of 4.9% before cost of risk.

Protector's strong financial performance was further underscored by the board's decision to distribute a dividend of NOK 165 million, corresponding to NOK 2.00 per share. This dividend reflects the company's commitment to returning value to shareholders while maintaining a strong capital position. The company's Solvency Capital Requirement (SCR) ratio stands at 220%, indicating a robust financial foundation.

The company's strategic focus on cost and quality leadership, profitable growth, and achieving a top 3 position in its markets has been evident in its recent performance. Protector's ability to implement price increases while maintaining high renewal rates suggests continued resilience in a competitive market environment.

Looking ahead, Protector appears well-positioned to maintain its growth momentum, supported by its strong capital position, improved operational efficiency, and strategic focus on key markets. The company's leading position in the UK Broker Satisfaction Index further highlights its commitment to building strong broker relationships.

References:
[1] https://www.investing.com/news/company-news/protector-forsikring-q2-2025-slides-profit-triples-as-combined-ratio-improves-93CH-4130891
[2] https://www.finansavisen.no/borsmeldinger/2025/07/10/bd7bca87-9f31-5428-af80-572d8ba4cfb9/q2-2025-cr-84.9-earnings-per-share-nok-8.7-dividend-nok-2.00-per-share?zephr_sso_ott=PZdj0G