Professional
Added to YB: 2025-01-23
Pitch date: 2025-01-15
PROT.OL [bullish]
Protector Forsikring ASA
+73.08%
current return
Author Info
No bio for this author
Company Info
Protector Forsikring ASA, operates as a non-life insurance company, provides direct general insurance and reinsurance to the commercial lines of business, public sector, and affinity schemes.
Market Cap
NOK 40.8B
Pitch Price
NOK 288.88
Price Target
N/A
Dividend
1.61%
EV/EBITDA
13.57
P/E
17.86
EV/Sales
3.23
Sector
Insurance
Category
growth
Highwood Value Partners Portfolio Holding: Protector Forsikring ASA
PROT.OL: Nordic P&C insurer, 12% premium growth YTD, 89% combined ratio. UK market outperforming. $2bn float, 85% in A+ bonds (5.2% yield), 15% in value equities. 5.3x MOIC, 49% 5yr IRR. Expanding to France. Trading at 12x earnings. Strong dividend yield (75% of initial cost in 5yrs).
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