EarningsQ2 2026 Earnings Report
DE:PR4 Q2 2026 EPS Results
Actual EPS€0.84
Consensus EPS€0.78
Beat/MissBeat by +€0.06
One Year Ago EPS€0.81
DE:PR4 Q2 2026 Revenue Results
Actual Revenue€362.96M
Expected Revenue€406.89M
Beat/MissMissed by -€43.93M
YoY Revenue Growth+6.58%
Earnings Announcement Details
QuarterQ2 2026
Date07/09/2026
TimeDuring Market Hours
Conference CallThursday, July 9, 2026
DE:PR4 Upcoming Earnings
Protector Forsikring ASA's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:PR4 Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasizes a materially strong profitability quarter (combined ratio 81.5%, NOK 9/share) and strategic positives — AM Best rating confirmation, a landmark large U.K. client win, run-off gains, improving motor results in some markets, and disciplined cost reinvestment into data/technology. Offsetting this are a weak premium-growth backdrop (notably a soft U.K. market and constrained public-sector volume), reinsurance volatility with low recoveries this quarter, and persistent motor challenges in Denmark and some U.K. segments. On balance the results show robust operational and capital strength this quarter while management acknowledges clear near-term growth and reserving risks that require continued discipline.Company Guidance
Very strong profitability and earnings
Q2 combined ratio of 81.5% (very strong profitability). Insurance service result together with investment result produced a NOK 9 per share result for the quarter.
Run-off gains and unusually low large losses
Run-off gains of 4% in Q2. Large losses were 4.6% in the quarter versus the company's normalized view of 8%, contributing to a slightly improved loss ratio versus Q2 2025.
Credit rating stability
AM Best confirmed Protector's credit rating with a stable outlook (confirmation cited as a highlight by management).
Client wins and commercial momentum
Won the largest client ever in the U.K. (large motor fleet) — expected to be a Q3 effect and to provide opportunities to reduce average claim size and improve claims handling. Management sees growth opportunities in commercial sectors and increasing quoting activity in U.K. real estate for Q3/Q4.
Renewals and local-currency growth across markets
Company reports local-currency growth across all markets and a renewal rate of 88% for the quarter, indicating retention strength despite a soft market environment.
Cost discipline and reinvestment in transformation
Costs described as very stable and slightly down when normalizing for the long-term bonus plan; excess capacity is being reallocated to projects focused on data, AI, technology and efficiency, supporting long-term competitive position.
Product-level improvements in motor and Sweden facilities
Motor profitability improving in Norway and Sweden (management notes Norway improvement may partly reflect lower volatility). Sweden showing facility-driven growth and momentum, returning to growth path after slower periods.
DE:PR4 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed