Financials
Reports, presentations & documents
See all financial reports
Financial calendar
Further details regarding presentations and webcasts etc will be added closer to the event.
Protector Forsikring ASA reserves the right to amend the dates.
Protector Forsikring ASA reserves the right to amend the dates.
See all events
Financial targets
Combined ratio
Target: <91%
Geographical sales distribution:
Solvency capital ratio
Target: >150%
Geographical sales distribution:
Flexible dividend policy
Solvency ratio zone assessment
Move towards ‘Green’ if we see e.g. profitable insurance growth, risk-taking in investment portfolio, other attractive allocation opportunities and/or market/macro turbulence.
Move towards ‘Red’ if we see e.g. limited growth opportunities, very low risk, no near-term allocation opportunities and have good future visibility
Solvency capital ratio
The Board prepares quarterly distribution assessments on the basis of the most recently approved annual accounts.
Consensus estimates & analysts
Average




Q2 2025 estimates
Gross written premium (GWP)
4 084
4 071
4 065
4 114
Insurance revenue
3 399
3 418
3 282
3 459
3 436
Insurance service result
482
448
443
547
491
Cost ratio
10.5%
10.7%
10.7%
10.7%
9.8%
Combined ratio (%)
85.8%
86.9%
86.5%
84.2%
85.7%
Net income from investments
523
649
301
579
564
Profit before tax
775
800
651
858
789
EPS (NOK)
7.5
8
6
8
7
Target price per share
NOK
Average
552
NOK
Aug 6, 2025
Pareto Securities
560
NOK
Jul 14, 2025
SEB
544
NOK
Aug 6, 2025
Nordea
542
NOK
Jul 14, 2025
DNB Carnegie
560
NOK
Jul 14, 2025
Average




FY 2025 estimates
Gross written premium (GWP)
14 273
14 261
14 325
14 233
Insurance revenue
13 754
13 818
13 626
13 815
13 757
Insurance service result
1 821
1 850
1 722
1 931
1 780
Cost ratio
10.5%
10.4%
10.7%
10.6%
10.2%
Combined ratio (%)
86.8%
86.6%
87.4%
86.0%
87.1%
Net income from investments
1 761
1 919
1 521
1 838
1 766
Profit before tax
3 022
3 148
2 788
3 115
3 037
EPS (NOK)
28.8
30
27
30
29
Target price per share
NOK
Average
552
NOK
Aug 6, 2025
Pareto Securities
560
NOK
Jul 14, 2025
SEB
544
NOK
Aug 6, 2025
Nordea
542
NOK
Jul 14, 2025
DNB Carnegie
560
NOK
Jul 14, 2025
See all
Target price per share
440 NOK
440 NOK
440 NOK
440 NOK
Q2 estimates
Share price
Share price
Share price
Share price
Gross written premium (GWP)
Share price
Share price
Share price
Share price
Insurance revenue
Share price
Share price
Share price
Share price
Gross written premium (GWP)
Share price
Share price
Share price
Share price
Protector Forsikring ASA invite external independent analysts covering our company to provide consensus estimates, and we will share a summary of these on our webpages every quarter. The consensus represent the average of the individual estimates provided by the analysts. Protector will not take responsibility for the content within the respective broker houses' estimates. Links below will take you to our latest updated consensus estimates
Analyst info

Ulrik Årdal Zürcher
Senior Analyst - Financials
Financial overview
Documents
IR policy
Policy for financial and other investor information is described in the company's IR Policy. (PDF, 128KB)
Credit rating
Here you may find official credit rating documents.
Protector Forsikring ASA has been credit rated by AM Best, one of the marked leaders internationally within rating of insurance companies.
AM Best has given us the following rating:
- Long-Term Issuer Credit Rating: a- (Excellent) and Stable outlook
- Financial Strength Rating: A- (Excellent) and Stable outlook
For more detailed information on AM Bests rating of us, click here (PDF).
Protector Forsikring ASA has been credit rated by AM Best, one of the marked leaders internationally within rating of insurance companies.
AM Best has given us the following rating:
- Long-Term Issuer Credit Rating: a- (Excellent) and Stable outlook
- Financial Strength Rating: A- (Excellent) and Stable outlook
For more detailed information on AM Bests rating of us, click here (PDF).
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