Summary
Protector Forsikring ASA had a growth of 18% (15% in local currencies) in gross written premium in 2024. Combined ratio was 88.1%. The company’s SCR ratio calculated using the standard formula including volatility adjustment was 193%. NOK 4 in dividend per share, NOK 330m in total, is subtracted from available solvency capital in the calculation of the SCR ratio. Eligible solvency capital was NOK 8,143m (6,855). Earnings in 2024 contributed positively. Dividends reduced the growth in solvency capital. The solvency capital requirement was NOK 4,214m (3,508). The increase in the capital requirement is driven by the company’s growth.
The underlying profitability is good, and with continued profitability measures to counteract claims inflation, the insurance service result is expected to remain at a good level.
Protector Forsikring works continuously with risk management systems in the company. Established processes and reporting systems ensure that Protector’s risk management system is adequately organized and that the company’s risk profile is followed up on a regular basis.