Protector Forsikring Management

Management criteria checks 3/4

Protector Forsikring's CEO is Henrik Hoye, appointed in Jun 2021, has a tenure of 2.92 years. total yearly compensation is NOK11.25M, comprised of 53.6% salary and 46.4% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth NOK63.84M. The average tenure of the management team and the board of directors is 4 years and 10.3 years respectively.

Key information

Henrik Hoye

Chief executive officer

kr11.3m

Total compensation

CEO salary percentage	53.6%
CEO tenure	2.9yrs
CEO ownership	0.3%
Management average tenure	4yrs
Board average tenure	10.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Henrik Hoye's remuneration changed compared to Protector Forsikring's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr1b
Dec 31 2023	kr11m	kr6m	kr1b
Sep 30 2023	n/a	n/a	kr912m
Jun 30 2023	n/a	n/a	kr1b
Mar 31 2023	n/a	n/a	kr2b
Dec 31 2022	kr9m	kr5m	kr1b
Sep 30 2022	n/a	n/a	kr1b
Jun 30 2022	n/a	n/a	kr808m
Mar 31 2022	n/a	n/a	kr841m
Dec 31 2021	kr20m	kr5m	kr1b
Sep 30 2021	n/a	n/a	kr1b
Jun 30 2021	n/a	n/a	kr1b
Mar 31 2021	n/a	n/a	kr2b
Dec 31 2020	kr5m	kr4m	kr885m
Sep 30 2020	n/a	n/a	kr481m
Jun 30 2020	n/a	n/a	kr214m
Mar 31 2020	n/a	n/a	-kr366m
Dec 31 2019	kr5m	kr4m	-kr76m
Sep 30 2019	n/a	n/a	-kr254m
Jun 30 2019	n/a	n/a	-kr194m
Mar 31 2019	n/a	n/a	-kr15m
Dec 31 2018	kr5m	kr4m	-kr21m

Compensation vs Market: Henrik's total compensation ($USD1.04M) is below average for companies of similar size in the UK market ($USD2.20M).

Compensation vs Earnings: Henrik's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Henrik Hoye (40 yo)

2.9yrs

Tenure

kr11,252,000

Compensation

Mr. Henrik Wold-Golfetto Hoye has been Chief Executive Officer of Protector Forsikring ASA since June 2021. He was the Director of UK & Public Sector at Protector Forsikring ASA until June 2021. Mr. Hoye s...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Henrik Hoye	Chief Executive Officer	2.9yrs	kr11.25m	0.32% NOK 63.8m
Ditlev de Vibe Vanay	Chief Financial Officer	5.3yrs	kr6.44m	0.34% NOK 67.2m
Dag Nereng	Chief Investment Officer	no data	kr12.53m	0.025% NOK 4.9m
Hans Didring	Deputy CEO	no data	kr12.58m	0.34% NOK 66.5m
Leonard Bijl	IT Director	no data	kr5.55m	0.035% NOK 6.8m
Stuart Winter	Country Manager UK	no data	kr5.93m	0.010% NOK 2.0m
Cathrine Poulsen	Deputy Employees Representative Member	4yrs	kr3.51m	0.012% NOK 2.3m
Stefan Salonen	Head of Underwriting & General Agent	no data	no data	no data
Bjarte Jensen	Chief Underwriter of Public Sector - UK	no data	no data	no data

4.0yrs

Average Tenure

47.5yo

Average Age

Experienced Management: 0JXF's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Cathrine Poulsen	Deputy Employees Representative Member	no data	kr3.51m	0.012% NOK 2.3m
Else Fougner	Independent Director	13.3yrs	kr380.00k	no data
Randi Roed	Independent Director	10.3yrs	kr520.00k	no data
Kjetil Garstad	Independent Director	4.1yrs	kr480.00k	0.012% NOK 2.3m
Jostein Sorvoll	Independent Chairman of the Board	18.3yrs	kr740.00k	no data
Arve Ree	Independent Deputy Chairman	4.1yrs	kr627.50k	0.97% NOK 191.2m
Christoffer Skyrud	Deputy Employees Representative Member	no data	no data	0.018% NOK 3.5m

10.3yrs

Average Tenure

66.5yo

Average Age

Experienced Board: 0JXF's board of directors are seasoned and experienced ( 10.3 years average tenure).

Protector Forsikring Management

Management criteria checks 3/4

Key information

Recent management updates

Deputy Employees Representative Member recently sold kr262k worth of stock

Deputy Employees Representative Member recently sold kr1.9m worth of stock

Deputy CEO recently sold kr2.7m worth of stock

Protector Forsikring ASA, Annual General Meeting, Apr 11, 2024

Insufficient new directors

Chief Investment Officer recently sold kr13m worth of stock

Recent updates

New minor risk - Profit margin trend

Dividend of kr2.00 announced

First quarter 2024 earnings released: EPS: kr5.50 (vs kr7.41 in 1Q 2023)

Protector Forsikring ASA Approves Cash Dividend, Payable on 10 May 2024

Full year 2023 earnings released: EPS: kr18.13 (vs kr16.62 in FY 2022)

Deputy Employees Representative Member recently sold kr262k worth of stock

Investor sentiment improves as stock rises 21%

Dividend of kr5.00 announced

Full year 2023 earnings released: EPS: kr18.30 (vs kr10.27 in FY 2022)

Protector Forsikring Asa Declares Cash Dividend, Payable on 14 February 2024

Deputy Employees Representative Member recently sold kr1.9m worth of stock

Protector Forsikring ASA (OB : PROT) acquired additional 6.53% minority stake in Seafire AB (publ) (OM : SEAF).

Third quarter 2023 earnings released: kr0.10 loss per share (vs kr2.12 profit in 3Q 2022)

An unknown buyer acquired a 7.8% stake in Columbus A/S (CPSE:COLUM) from Protector Forsikring ASA (OB : PROT).

Deputy CEO recently sold kr2.7m worth of stock

Protector Forsikring ASA, Annual General Meeting, Apr 11, 2024

New major risk - Revenue and earnings growth

Protector Forsikring ASA Announces Special Dividend, Payable on 21 July 2023

Second quarter 2023 earnings released

Protector Forsikring ASA (OB:PROTCT) commences an Equity Buyback Plan for 8,250,000 shares, representing 10% of its issued share capital, under the authorization approved on March 30, 2023.

Insufficient new directors

Full year 2022 earnings released: EPS: kr10.24 (vs kr14.14 in FY 2021)

Chief Investment Officer recently sold kr13m worth of stock

Full year 2022 earnings released: EPS: kr10.20 (vs kr14.14 in FY 2021)

Protector Forsikring ASA Declares Special Cash Dividend, Payable on 15 February 2023

Now 20% undervalued

Third quarter 2022 earnings released: EPS: kr2.12 (vs kr1.60 in 3Q 2021)

Now 20% undervalued

Now 22% undervalued

Now 20% undervalued

First quarter 2022 earnings released: kr0.21 loss per share (vs kr6.41 profit in 1Q 2021)

Investor sentiment improved over the past week

Protector Forsikring ASA to Report Q3, 2023 Results on Oct 20, 2023

Insider recently sold kr1.0m worth of stock

First quarter 2022 earnings released: kr0.21 loss per share (vs kr6.41 profit in 1Q 2021)

Protector Forsikring ASA Announces Special Dividend, Payable on May 12, 2022

Protector Forsikring Asa Elects Tonje Giertsen as Director

Upcoming dividend of kr7.00 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Independent Director recently bought kr807k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Protector Forsikring Proposes Cash Dividend, Payable on April 20, 2022

Protector Forsikring Proposes Cash Dividend Payable on April 15, 2022

Third quarter 2021 earnings released: EPS kr1.56 (vs kr3.73 in 3Q 2020)

Independent Director recently bought kr5.1m worth of stock

Independent Director recently sold kr2.3m worth of stock

Independent Deputy Chairman recently bought kr13m worth of stock

Second quarter 2021 earnings released: EPS kr2.95 (vs kr5.69 in 2Q 2020)

Employee Representative Director recently sold kr123k worth of stock

An unknown buyer acquired 10.03% stake in Multiconsult ASA (OB:MULTI) from Protector Forsikring ASA for approximately NOK 450 million.

First quarter 2021 earnings released: EPS kr6.39 (vs kr3.41 loss in 1Q 2020)

Protector Forsikring ASA Announces Special Dividend, Payable on 12 May 2021

Upcoming dividend of kr3.00 per share

Full year 2020 earnings released: EPS kr10.81 (vs kr0.93 loss in FY 2019)

New 90-day high: kr74.70

Full year 2020 earnings released: EPS kr10.81 (vs kr0.93 loss in FY 2019)

Protector Forsikring ASA Appoints Henrik as Chief Executive

New 90-day high: kr64.65

New 90-day high: kr60.81

New 90-day high: kr58.20

Director recently bought kr1.5m worth of stock

New 90-day high: kr50.40

Third quarter 2020 earnings released: EPS kr4.24

Revenue misses expectations

Protector Forsikring ASA to Report Q3, 2021 Results on Oct 28, 2021

CEO Compensation Analysis

CEO

Tenure

Compensation