OB:INSR

Stock Analysis Report

Insr Insurance Group

Executive Summary

Insr Insurance Group ASA, a non-life insurance company, focuses on property and casualty insurance for the retail, and small and medium sized enterprises in Norway and Denmark.

Snowflake

Fundamentals

Reasonable growth potential with adequate balance sheet.

Risks

  • Insr Insurance Group is covered by less than 3 analysts.

Share Price & News

How has Insr Insurance Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.6%

OB:INSR

1.7%

NO Insurance

3.1%

NO Market


1 Year Return

20.7%

OB:INSR

1.1%

NO Insurance

-14.0%

NO Market

INSR outperformed the Insurance industry which returned 1.3% over the past year.

INSR outperformed the Market in Norway which returned -14.2% over the past year.


Share holder returns

INSRIndustryMarket
7 Day1.6%1.7%3.1%
30 Day8.3%-6.8%-4.0%
90 Day6.7%-2.4%-4.8%
1 Year20.7%20.7%6.5%1.1%-9.1%-14.0%
3 Year30.9%30.9%48.4%27.8%39.5%21.0%
5 Year-85.0%-97.1%53.7%19.1%38.7%7.1%

Price Volatility Vs. Market

How volatile is Insr Insurance Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Insr Insurance Group undervalued based on future cash flows and its price relative to the stock market?

3.63x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Insr Insurance Group to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Insr Insurance Group to establish if it is available at substantial discount.


Price Based on Earnings

Insr Insurance Group is loss making, we can't compare its value to the Europe Insurance industry average.

Insr Insurance Group is loss making, we can't compare the value of its earnings to the Norway market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Insr Insurance Group, we can't assess if its growth is good value.


Price Based on Value of Assets

Insr Insurance Group is overvalued based on assets compared to the Europe Insurance industry average.


Next Steps

Future Growth

How is Insr Insurance Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

104.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Insr Insurance Group's revenue is expected to grow by 14.3% yearly, however this is not considered high growth (20% yearly).

Insr Insurance Group's earnings are expected to grow significantly at over 20% yearly.

Insr Insurance Group's revenue growth is expected to exceed the Norway market average.

Insr Insurance Group's earnings growth is expected to exceed the Norway market average.

Insr Insurance Group's earnings growth is expected to exceed the low risk savings rate of 1.8%.


Earnings per Share Growth Estimates


Future Return on Equity

Insr Insurance Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Insr Insurance Group performed over the past 5 years?

10.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Insr Insurance Group does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Insr Insurance Group's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Insr Insurance Group's 1-year growth to the Europe Insurance industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Insr Insurance Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Insr Insurance Group has efficiently used its assets last year compared to the Europe Insurance industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Insr Insurance Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Insr Insurance Group's financial position?


Financial Position Analysis

Insr Insurance Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Insr Insurance Group's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Insr Insurance Group's level of debt (47.5%) compared to net worth is high (greater than 40%).

Unable to establish if Insr Insurance Group's debt level has increased without past 5-year debt data.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 16.1x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Whilst loss making Insr Insurance Group has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Insr Insurance Group has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -121.9% per year.


Next Steps

Dividend

What is Insr Insurance Group's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Insr Insurance Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Insr Insurance Group's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Insr Insurance Group has not reported any payouts.

Unable to verify if Insr Insurance Group's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Insr Insurance Group has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Insr Insurance Group's dividends in 3 years as they are not expected to pay a notable one for Norway.


Next Steps

Management

What is the CEO of Insr Insurance Group's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average management tenure


CEO

Espen Husstad (51yo)

3.8yrs

Tenure

kr5,298,000

Compensation

Mr. Espen Husstad has been Chief Executive Officer of Insr Insurance Group ASA (“Insr Insurance”) since October 2015. Mr. Husstad has extensive experience from the insurance industry. Before he joined Insr ...


CEO Compensation Analysis

Espen's remuneration is higher than average for companies of similar size in Norway.

Espen's compensation has increased whilst company is loss making.


Management Age and Tenure

1.7yrs

Average Tenure

51yo

Average Age

The average tenure for the Insr Insurance Group management team is less than 2 years, this suggests a new team.


Board Age and Tenure

0.8yrs

Average Tenure

71yo

Average Age

The average tenure for the Insr Insurance Group board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buykr40,21127 Feb 19
Christoffer Rudbeck
EntityIndividual
Role
Member of the Board of Directors
Employee Representative Director
Shares5,129
Max Pricekr7.84
Buykr319,51127 Feb 19
Espen Husstad
EntityIndividual
Role
Chief Executive Officer
Chief Executive Officer
Shares40,963
Max Pricekr7.80
Buykr3,739,80214 Sep 18
Investment AB Öresund (publ)
EntityCompany
Shares421,149
Max Pricekr8.88
Buykr10,820,37013 Sep 18
Investment AB Öresund (publ)
EntityCompany
Shares1,305,232
Max Pricekr8.29
Buykr1,297,51630 Aug 18
Øystein Engebretsen
EntityIndividual
Shares179,215
Max Pricekr7.24

Ownership Breakdown


Management Team

  • Åge Korsvold (73yo)

    Chairman of the Board

    • Tenure: 8.3yrs
  • Espen Husstad (51yo)

    Chief Executive Officer

    • Tenure: 3.8yrs
    • Compensation: kr5.30m
  • Bård Standal (45yo)

    Deputy Chief Executive Officer

    • Tenure: 0.3yrs
    • Compensation: kr3.32m
  • Pål Lauvrak (45yo)

    Chief Marketing Officer and Marketing Director

    • Tenure: 0.0yrs
  • Ingvild Gråberg

    Executive Vice President of Delivery

    • Tenure: 2.8yrs
    • Compensation: kr2.25m
  • Cathrine Christiansen

    Executive Vice President of Sales

    • Tenure: 1.7yrs
    • Compensation: kr2.98m
  • Linda Mulehamn

    Executive Vice President of Insight

    • Tenure: 1.7yrs
    • Compensation: kr1.51m
  • Terje Løyning

    Executive Vice President of Services

    • Tenure: 1.6yrs
    • Compensation: kr1.76m
  • Hans Madsen (51yo)

    Chief Financial Officer

    • Tenure: 0.3yrs
  • Anne Knudtzon

    Senior Vice President of Business Controlling & Investor Relations

    • Tenure: 0.0yrs

Board Members

  • Åge Korsvold (73yo)

    Chairman of the Board

    • Tenure: 8.3yrs
  • Ulf Spång (71yo)

    Director

    • Tenure: 2.8yrs
  • Ragnhild Wiborg (58yo)

    Director

    • Tenure: 3.6yrs
  • Øystein Engebretsen

    Vice Chairman

    • Tenure: 0.2yrs
  • Benedicte Gedde-Dahl

    Employee Representative Director

    • Tenure: 0.8yrs
  • Christoffer Rudbeck

    Employee Representative Director

    • Tenure: 0.8yrs
  • Kari Moen

    Director

    • Tenure: 0.2yrs
  • Stephanie Kleipass

    Director

    • Tenure: 0.2yrs

Company Information

Insr Insurance Group ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Insr Insurance Group ASA
  • Ticker: INSR
  • Exchange: OB
  • Founded: 2009
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: kr1.164b
  • Shares outstanding: 134.70m
  • Website: https://www.insr.io

Number of Employees


Location

  • Insr Insurance Group ASA
  • Haakon VII’s Gate 2
  • Oslo
  • Oslo
  • 161
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INSROB (Oslo Bors)YesOrdinary SharesNONOKMay 2014
95SDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2014
INSROBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKMay 2014

Biography

Insr Insurance Group ASA, a non-life insurance company, focuses on property and casualty insurance for the retail, and small and medium sized enterprises in Norway and Denmark. It serves customers through  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 21:34
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.