Protector Forsikring ASA Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018
January 31, 2019 at 10:31 pm
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Protector Forsikring reported earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported Gross written premiums was NOK 475.1 million against NOK 424.5 million a year ago. Earned premiums, net of reinsurance was NOK 759.0 million against NOK 604.1 million a year ago. Loss from continued operations was NOK 170.6 million against profit from continued operations of NOK 95.4 million a year ago. Loss for the quarter was NOK 296.1 million against profit of NOK 157.9 million a year ago. Basic loss per share was NOK 3.9 against basic earnings per share of NOK 1.6 a year ago.
For the year, the company reported Gross written premiums was NOK 4,286.1 million against NOK 3,612.7 million a year ago. Earned premiums, net of reinsurance was NOK 2,817.8 million against NOK 2,402.8 million a year ago. Loss from continued operations was NOK 21.8 million against profit from continued operations of NOK 373.9 million a year ago. Loss for the quarter was NOK 309.8 million against profit of NOK 516.5 million a year ago. Basic loss per share was NOK 3.7 against basic earnings per share of NOK 5.5 a year ago.
Protector Forsikring ASA is a Norway-based multinational insurance company. The Company offers liability insurance for big and medium-sized companies and the public sector in Norway, Sweden, Denmark, Finland and the UK. It offers insurance withing the segments of: Property, Liability, Motor, Personal and Travel. Protector operates in non-marine insurance. The Company has two business segments: The Commercial lines of business, which offers insurance for both small and big companies and affinity programs through brokers; and The Public lines of business, which has established itself as an insurer in the public sector in the Nordics with more than 600 municipalities and over 30 county councils.
PROTECTOR FORSIKRING ASA 
