Protector Forsikring Q1 2025: Key Takeaways

Strong Start to 2025 with Focus on Profitability and Transformation

“The biggest challenge we have is about staying who we are, the challenger, and not becoming like everyone else.”

Protector kicked off 2025 with solid financial results and strong execution across core markets – despite normalization in competitive dynamics and continued pressure in motor. With a reported combined ratio of 85.9% (adjusted closer to 87.5%) and NOK 9/share in profit, the insurer also leaned into strategic themes like AI adoption, pricing discipline, and careful portfolio expansion.

The call covered more than just numbers: management provided insights on market-specific trends, investment positioning, and the evolving risk-reward balance in its reinsurance program. Below is a breakdown of the key takeaways.

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🧭 Index of Topics

1. Company Culture and Strategic Focus

2. Financial Highlights

3. Market Outlook by Country

4. Profitability, Losses, and Pricing

5. Technology and Data Strategy

6. Reinsurance and Risk Management

7. Solvency and Capital Position

8. Strategic Challenges and Expansion

9. Investment Portfolio Performance

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