Protector Forsikring Reports Revenue Results for the Fourth Quarter and Full Year of 2011; Provides Revenue Guidance for the Year 2012, 2013 and 2014
January 25, 2012 at 11:13 pm IST
Share
Protector Forsikring ASA reported revenue results for the fourth quarter and full year of 2011. The company experienced also a strong premium growth in the fourth quarter of 2011. Gross premiums written amounted to NOK 179 million, up 10% compared with the fourth quarter of 2010.
Gross premiums written in 2011 was NOK 1.202 million, up 19 % compared to 2010.
The company provided revenue guidance for the year 2012, 2013 and 2014. In 2012 the company expects a total premium growth of 18 %.
Due to the strong start in Sweden and Denmark, the company expects strong growth also in 2013 and 2014.
Protector Forsikring ASA is a Norway-based multinational insurance company. The Company offers liability insurance for big and medium-sized companies and the public sector in Norway, Sweden, Denmark, Finland and the UK. It offers insurance withing the segments of: Property, Liability, Motor, Personal and Travel. Protector operates in non-marine insurance. The Company has two business segments: The Commercial lines of business, which offers insurance for both small and big companies and affinity programs through brokers; and The Public lines of business, which has established itself as an insurer in the public sector in the Nordics with more than 600 municipalities and over 30 county councils.
PROTECTOR FORSIKRING ASA 
