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Protector Forsikring ASA (PROTCT.OL)

PROTCT.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Protector ASA - Swedish Competition Authority performed control in its Swedish branch on April 4
Tuesday, 4 Apr 2017 04:52pm EDT 

Protector Forsikring Asa : Swedish Competition Authority performed control in Protector's Swedish branch on April 4, 2017 .Assumes that Competition Authority will need some time to carry out control and conclude on matter.  Full Article

Protector Forsikring contemplates issuing Tier 1 and Tier 2 capital
Wednesday, 15 Mar 2017 05:00am EDT 

Protector Forsikring ASA : Contemplating issuing Tier 1 and Tier 2 capital . Total volume will be up to 750 million Norwegian crowns ($87.4 million) . Purpose of bonds will be to optimize and strengthen company's capital structure in period where it expects significant growth .Protector has appointed Nordea Markets and Pareto Securities as arrangers for bond issue.  Full Article

Protector Forsikring receives a contract in the UK
Monday, 13 Mar 2017 09:07am EDT 

Protector Forsikring ASA : Receives Tri-Borough Property And Liability (Casualty) contract .Insurance contract has a duration of 5 years.  Full Article

Protector Forsikring Q4 gross premiums written up at NOK 392.3 mln
Friday, 10 Feb 2017 01:27am EST 

Protector Forsikring ASA : Reported on Thursday Q4 gross premiums written of 392.3 million Norwegian crowns ($47 million), up 20.6 pct from 325.3 million crowns year ago . Q4 net combined ratio 109.4 pct, up from 96.6 pct year ago . Q4 operating profit 70.5 million crowns, down from 166.5 million crowns year ago . Considers recommending dividend of 2.25 crowns per share for 2016 .Expects continued strong growth in 2017, despite strong competition in all markets.  Full Article

Protector Forsikring raises growth target for 2017-2019
Thursday, 18 Aug 2016 02:17am EDT 

Protector Forsikring ASA : Capital market day including new targets .Changes its growth target for 2017-2019 from above 10 pct to 15 pct.  Full Article

Protector Forsikring CFO resigns
Monday, 25 Jul 2016 02:35am EDT 

Protector Forsikring ASA : Flemming Holm will resign as CFO of Protector Forsikring ASA from Aug. 1, due to health considerations . The company has initiated the process of identifying his replacement .Vibeke Krane, Finance manager of Protector Forsikring ASA, will function as interim CFO from August 1.  Full Article

Protector Forsikring Q2 operating profit up at NOK 254.9 mln
Friday, 8 Jul 2016 02:00am EDT 

Protector Forsikring ASA : Q2 gross premiums written 721.8 million Norwegian crowns ($84.89 million), up 13.5 pct from 635.8 million crowns . Q2 operating profit 254.9 million crowns, up from 118.4 million crowns .Q2 net financial income of 220.5 million crowns (3.0 pct), up from 48.7 million crowns (0.8 pct).  Full Article

Protector Forsikring: Chairman sold 0.7 million shares at NOK 76/SHR
Thursday, 12 May 2016 04:41am EDT 

Protector Forsikring ASA : Said on Wednesday Jostein Sørvoll, Chairman of company's Board, had sold 700,000 shares in Protector Forsikring ASA at 76.00 Norwegian crowns per share . Sørvoll sold shares through his company Alsøy Invest AS .Following transaction Alsøy Invest AS holds 1,002,751 shares in Protector Forsikring.  Full Article

Protector Forsikring: Successful placement of subordinated bond issue
Friday, 8 Apr 2016 02:20am EDT 

Protector Forsikring ASA:Successful placement of subordinated bond issue.Says has issued subordinated bond of 500 million Norwegian crowns with coupon of 3M NIBOR + 3.70 percentage points p.a.Loan has a maturity of 30 years with call option in 5 years.Bond issue will be applied for listing on Oslo Stock Exchange.  Full Article

Protector Forsikring ASA contemplates bond issue of NOK 500 mln
Friday, 1 Apr 2016 02:15am EDT 

Protector Forsikring ASA:Says is contemplating issuing up to 500 million Norwegian crown subordinated debt.Says is considering to issue a dated Tier 2 bond issue, callable and with floating rate.Purpose of bond will be to optimize and strengthen company's capital structure as a basis for future growth.Protector has appointed Nordea Markets and Pareto Securities as arrangers for bond issue.  Full Article

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