Another hat-trick from Protector ⚽⚽⚽

Our expectation is 17,0% growth (14,9% LCY), a combined ratio of 84,1% and 2,2% ROI leading to an EPS sized 8,0 NOK. Combined ratio of 84,1% is even more impressive than it looks because the long-term incentive program (share based) impacts with a 2.1% cost increase in the quarter (as a result of a 27% share price increase🚀).

What to look for in the Q2 figures and comments: Super profit in UK and Scandinavia motor business improving. If you would like to understand more about Protector, click on our latest Protector analyses.

Enjoy the summer 🌞

Best regards,

David og Sverre

09.07.25
Lillestrøm, Norway

Disclaimer:
Hvaler Invest is a significant shareholder so you cannot trust us (or perhaps you can?)