Q2 2026 Protector Forsikring ASA Earnings Call Transcript
Key Points
- Protector Forsikring ASA (PSKRF) reported a strong profitability quarter with an 81.5% combined ratio.
- The company achieved a 9 kroner per share result, supported by strong insurance service and investment results.
- AM Best confirmed Protector Forsikring ASA's credit rating with a stable outlook.
- The company successfully won one of its largest clients in the UK, a motor client, which is expected to bring long-term benefits.
- Sweden is back on a growth path, especially in the motor sector, due to successful broker facilities.
- Growth was on the weaker side, particularly due to challenges in the UK market and a softening market environment.
- Protector Forsikring ASA experienced a reduced volume in the UK public sector, impacting new sales.
- The company faced challenges in Denmark with large losses affecting profitability.
- There is a need for price adjustments in the UK motor product to return to a good profitability level.
- The reinsurance ratio is expected to be volatile, with no significant recoveries from reinsurance in the quarter.
Hello and welcome to the presentation of second quarter 2026 results for Protectoit. If you have any questions, please ask them through e-mail address [email protected] during the presentation and we will answer at the end.
As always, we have started the day with all employees. Which in the Oslo office were very few.
But what we then speak about is our culture related to targets and performance.
And with Protector changing, with the world changing, we have been focusing on defining the challenge, what the challenger means in 2030 for some time.
Today.
One of the focus areas was to link our values to that vision, which is about data, people, and innovation.
And we have one value that is different from the others in that it is something we say we are, and it is committed.
And one thing it is important that we are committed to.
That will not change is our performance culture.
And our performance culture is something, one of the reasons why
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