Protector pulls a Norway-vs-Brazil and scores a double 
⚽⚽ ‍

The double is our expectation of a combined ratio of 83.4 %, together with a 2.0% ROI, resulting in an EPS sized 9.2 NOK, which equals to a net profit sized NOK 761m. 

We expect a more modest growth this quarter at 7.0% in LCY (4.6% in NOK). UK growth is already reported at 5% LCY. Some price hikes on motor will support a somewhat higher company growth. 

H1 figures: After another very strong quarter we have 13.3% growth and CR at 84.1% in H1 💪. With the growth runway in UK and France it's truly supportive to our target price 660 NOK. 

 If we see anything interesting in the figures tomorrow, we will let you know 😎

Best regards,
David and Sverre

Lillestrøm, Norway

09.07.26

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