Protector Forsikring Asa · OSL:PROT
Protector Forsikring Asa — Protector Forsikring Ord — Q2 2025 Earnings Presentation
17 slides from Protector Forsikring Asa's earnings presentation, Jul 11, 2025
Slide 1: Q2 2025 Interim results
Q2 2025 Interim results Investor Presentation Oslo, 11 July 2025
Slide 2: The Challenger
We will always be The Challenger We will deliver through unique relationships, best in class decision-making and cost effective solutions Main targets Values Cost and quality leadership Credible Profitable growth Innovative/Open Top 3 Bold Committed
Slide 3: Highlights Q2 & H1 2025
Highlights Q2 & H1 2025 Q2: Combined ratio at 84.9% | Total investment return of 468 | EPS at 8.7 Q2 H1 Other highlights • AM Best has upgraded the Credit Ratings to A- (Excellent) Combined Ratio Combined Ratio from BBB+ (Good). The outlook of these Credit Ratings has been revised to stable. Gross w
Slide 4: Volume update
Volume update Q2: GWP growth at 19% | 16% in local currencies (LCY) • Q2 growth at 16% (LCY) • Renewal rate at 103%, supported by price increases to counter claims inflation • From Q1 presentation: 1 April is the largest inception date in the UK • NOK 369m growth in GWP (14% in LCY), driven by Publi
Slide 5: Claims update
Claims update Q2: Loss ratio, net of reinsurance at 73.4% | Large losses of NOK 209m (6.1%) | Run-off gains of NOK 74m (2.2%) • Q2 positively influenced by property, supported by lower-than-expected large losses • Underlying improvement in motor profitability • Some parts of the portfolio still need
Slide 6: Large losses and run-off
Large losses and run-off Best estimate reserving practice; run-off neutral over time Large Loss % 6.1% 9.3% 6.1% 4.9% 3.8% Run-off % 0.9% 1.7% 0.8% 1.7% -0.4% Nominal run-off (L-axis) Relative run-off (%) * Lines in figures indicate large loss and run-off accumulations within outlined periods 6
Slide 7: Key metrics per segment
Key metrics per segment Quarterly volatility must be expected, especially by segment 7
Slide 8: Quality Leadership update
Quality Leadership update Easy to do business with, commercially attractive and trustworthy Why measure quality perceived by brokers? UK broker satisfaction index1,2 2025 (vs. 2024) • The brokers are our only distribution channel • The relative ranking gives a competitive edge • Learning from survey
Slide 9: Investments
Investments
Slide 10: Investment results and portfolio statistics
Investment results and portfolio statistics Q2: Return of NOK 642m (2.4%) | Bond portfolio yield at 4.9%, before cost of risk • NOK 642m, or 2.4% gain Q2 Investment result • Equities: NOK 263m, or 6.5 % • Put options: NOK -17m • Bonds: NOK 395m, or 1.8 % • Interest rate swaps: NOK 74m • Increase in
Slide 11: Capital position
Capital position
Slide 12: Income statement
Income statement Profit of NOK 716m (254) | EPS at NOK 8.7 (3.1) 12
Slide 13: Statement of financial position
Statement of financial position SCR ratio1 at 220% NOKm 30.06.2025 30.06.2024 31.12.2024 SCR ratio composition Financial assets 26 769 22 252 22 102 Derivatives 381 79 224 SCR ratio: 220% Bank deposits 139 163 456 10,000 Other assets 2 385 1 847 1 872 Total assets 29 675 24 341 24 654 Tier 2 8,000 T
Slide 14: Solvency II
Solvency II SCR ratio at 220% Composition of SCR: Eligible solvency capital: • Net insurance risk 61% • Guarantee provision and proposed dividend subtracted from • Net market risk 30% own funds • Other risks 9% SCR composition and development1 Eligible own funds composition and development1 8,000 15
Slide 15: The Challenger
We will always be The Challenger We will deliver through unique relationships, best in class decision-making and cost effective solutions Main targets Values Cost and quality leadership Credible Profitable growth Innovative/Open Top 3 Bold Committed
Slide 16: Summary Q2 & H1 2025
Summary Q2 & H1 2025 Q2: Combined ratio at 84.9% | Total investment return of 468 | EPS at 8.7 Q2 H1 Other highlights • AM Best has upgraded the Credit Ratings to A- (Excellent) Combined Ratio Combined Ratio from BBB+ (Good). The outlook of these Credit Ratings has been revised to stable. Gross writ
Slide 17: Disclaimer
Disclaimer This presentation and the information contained herein have been prepared by and is the sole responsibility of Protector Forsikring ASA (the "Company”). Such information is being provided to you solely for your information and may not be reproduced, retransmitted, further distributed to a
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