Protector Forsikrings Forecast and Announcement January 20th 2015

Brief notes about the announcement from Protector today.

Protector (PROTCT) today announced their own forecast and a significant volume increase for year 2015.
Their CEO Sverre Bjerkeli said this today about 2015:

"The Company experiences strong growth in January and expects Gross Written Premiums (GWP) to increase to 18% (15% measured in local currencies) over full year 2015. Norwegian business areas will contribute with single-digit growth, while Sweden / Denmark will grow approximately 50% in aggregate. Gross and net written premiums are expected to experience identical growth rates. 

This text is really a statement that Protector Forsikring has just started, 18% (!) growth is magnificent and really show how much hidden value there is in this insurance company. A wonderful company like this should be traded at higher price, that's it. Mr. Market wake up!!

Looking forward for the 2014 annual report 12th February.

Other highlights in the announcement were:

• Strong premium growth in Q4, up 19% since last Q4. Gross premiums written amounted 282 million NOK.
• Net GWP Q4 was 250 million NOK, up 24% since last Q4.
• GWP 2014 were 2.375 million NOK, up 28% since last year.

Over and out,
EWI