Protector Forsikring ASA

Protector Forsikring ASA

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Market Cap$4.16B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Protector Forsikring ASAProtector Forsikring ASA16.74.81%-0.3-

Earnings Call Q3 2026

October 21, 2026 - AI Summary

Q3 overall performance: strong, but volatile; profitability impacted by “lumpy” losses/runoff (especially UK) - Management emphasized quarterly volatility must be expected (losses and runoff can swing results quarter-to-quarter). - UK: Q3 includes one very large property loss and runoff effects, so investors should focus more on year-to-date than single-quarter movements. - Norway: Q3 also benefited from a benign claims environment and runoff gains; management noted it’s not a structural instant improvement from prior quarters.
Growth / volume: UK +18% YoY in local currencies in Q3, but driven by one large client; underlying growth still strong - Q3 local currency growth (UK +18%) was materially affected by a very large UK client. - Excluding the large UK client, total Protector Q3 growth in local currencies would be ~20%; UK would be ~18% without that client. - U.K. market context: market is softening; renewing commercial clients at profitable levels remains difficult; new sales (excluding the largest clients) are fairly low. - Norway/Sweden/DK: Norway shows high renewal rates with good new sales; Sweden is picking up new sales but still has churn due to price increases; Denmark remains small/immaterial.
Key UK outlook expectations (2027 dynamics): commercial real estate to start meaningful quoting in Q4 2026; public sector reshuffling timing - UK real estate: management expects it to start quoting more significantly in Q4 2026; won’t forecast large wins yet because the segment also seems soft (but they expect data collection/learning to support later improvements). - UK public sector volume timing: due to local government reform delays, there’s limited near-term tendering; management expects more volume coming in 2028, with substantial volume around 1 April 2028 (some already renewed on long-term agreements). - Hit rates: example given—UK motor commercial hit rate ~~10% in Q3 on what is quoted; management also doesn’t quote business known to be priced too low.

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$51.31

Current Fair Value

1.6% upside

Undervalued by 1.6% based on the discounted cash flow analysis.

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Share Statistics

Market cap$4.16 Billion
Enterprise Value-
Annual dividend$2.09
Dividend yield4.81%
Earnings per Share$31.7
Beta0.37
Outstanding Shares82,333,333

Return

Return on EquityNaN%ROE
Return on AssetsNaN%
Return on Invested CapitalNaN%

Valuation & Multiples

P/E Ratio16.71P/E Ratio
PEG20.23PEG
Price to Sales0.26Price to Sales
Price to Book Ratio-Price to Book Ratio
Enterprise Value to Revenue-
Enterprise Value to EBIT-
Enterprise Value to Net Income-
Total Debt to Enterprise-
Debt to Equity-Debt to Equity

Revenue Sources

No data

Last Earnings Call

Report Date
October 21, 2026
EPS Estimate
$0.83
Consensus analyst estimate
Revenue Estimate
$213.54 M
Consensus analyst estimate

Next Earnings Call

Expected Date
January 28, 2027
EPS Estimate
$0.70
Consensus analyst estimate
Revenue Estimate
$372.38 M
Consensus analyst estimate

Institutional Sentiment (Put/Call)

No data available for the latest quarter.

Institutional Ownership

No data available for the latest quarter.

About Protector Forsikring ASA

705 employees
CEO: Henrik Wold-Golfetto Hoye

Protector Forsikring ASA functions as a general insurer, offering a broad spectrum of insurance solutions to commercial clients, public sector entities, and specialized affinity markets. The company's operations span Norway, Denmark, Swe...