Protector Forsikring ASA (OTCPK:PSKRY)
$ 42.5 0 (0%) Market Cap: 1.75 Bil Enterprise Value: 1.86 Bil PE Ratio: 12.18 PB Ratio: 4.62 GF Score: 77/100
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Q1 2019 Protector Forsikring ASA Earnings Call Transcript

Apr 26, 2019 / 08:00AM GMT
Sverre Bjerkeli
Protector Forsikring ASA - CEO

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In English. A warm welcome to everybody to this investor presentation. As always, I've been through a state of the union speech towards the employees this morning. So in this same room, I'll have the walk through about quarter 1 figures. And I'm happy to share my thoughts with you now.

I would like to start to comment a little bit about 2019 in total. I think it's fair to say that this is a transition year for Protector. As you know, we have a pretty poor 2018 year behind us with this kind of gray silverfish and change of ownership kind of challenges where we lost a lot of money and finally decided to have a walkout from the market, exit from the market, at the same time with a combined ratio sized 98.5% in the commercial sector which is not at all good in 2018.

Entering into 2019, I would call it a transition year. One reason is that we have decided to exit change of ownership. But at the same time, there is a pretty significant volume arriving in 2019 in that particular segment which is twice as big as

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