Protector Forsikring ASA 2020 AR2
The report highlights Protector Forsikring's financial and operational performance for the fiscal year 2020. The company achieved a gross written premium growth of 8% to NOK 5,516 million, driven by strong expansion in the UK and Nordic price increases. Profitability returned to track with a net combined ratio of 94.8% and a profit for the year of NOK 981.6 million, compared to a loss in 2019. The investment portfolio delivered a strong return of 8.0%, yielding NOK 969.6 million. Additionally, the company decided to exit the workers' compensation market in Norway and Denmark to optimize capital allocation and manage risks associated with the Covid-19 pandemic.
Company: Protector Forsikring ASA
Sector: Finance & insurance
Country: Norway
Year: 2020
Type: AR2
Pages: 72
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Protector Forsikring ASA
Annual Report
The report highlights Protector Forsikring's financial and operational performance for the fiscal year 2020. The company achieved a gross written premium growth of 8% to NOK 5,516 million, driven by strong expansion in the UK and Nordic price increases. Profitability returned to track with a net combined ratio of 94.8% and a profit for the year of NOK 981.6 million, compared to a loss in 2019. The investment portfolio delivered a strong return of 8.0%, yielding NOK 969.6 million. Additionally, the company decided to exit the workers' compensation market in Norway and Denmark to optimize capital allocation and manage risks associated with the Covid-19 pandemic.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Workplace Fatalities
Employees