Protector Forsikring ASA reported premium results for the fourth quarter and full year of 2022. For the quarter, the company reported gross written premium amounted to NOK 1,275 million, up 62% (60% in LCY) relative to the fourth quarter of 2021. Net earned premium came in at NOK 1,528 million, up 20% (20% in LCY). The high growth has mainly been driven by a low client churn, in addition to continued price increases. All business units contribute positively; UK and Sweden are however the drivers. UK alone make up 62% of the company's total growth this quarter.

For the full year, the company reported gross written premium came in at NOK 7,098 million, up 19% (21% in local currencies (LCY)) relative to 2021. Net earned premium amounted to NOK 5,715 million, up 16% (18% in LCY). On a company level the growth has been driven by low churn and continued price increases. All business units have contributed positively to the company's premium growth. However, UK and Sweden are the units experiencing high absolute growth.