We Think The Compensation For Protector Forsikring ASA's (OB:PROT) CEO Looks About Right

Key Insights

• Protector Forsikring will host its Annual General Meeting on 10th of April
• Total pay for CEO Henrik Hoye includes kr6.54m salary
• The total compensation is similar to the average for the industry
• Protector Forsikring's total shareholder return over the past three years was 245% while its EPS grew by 9.7% over the past three years

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Under the guidance of CEO Henrik Hoye, Protector Forsikring ASA (OB:PROT) has performed reasonably well recently. As shareholders go into the upcoming AGM on 10th of April, CEO compensation will probably not be their focus, but rather the steps management will take to continue the growth momentum. Here is our take on why we think the CEO compensation looks appropriate.

View our latest analysis for Protector Forsikring

How Does Total Compensation For Henrik Hoye Compare With Other Companies In The Industry?

Our data indicates that Protector Forsikring ASA has a market capitalization of kr28b, and total annual CEO compensation was reported as kr15m for the year to December 2024. We note that's an increase of 30% above last year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at kr6.5m.

For comparison, other companies in the Norway Insurance industry with market capitalizations ranging between kr21b and kr66b had a median total CEO compensation of kr21m. This suggests that Protector Forsikring remunerates its CEO largely in line with the industry average. Furthermore, Henrik Hoye directly owns kr94m worth of shares in the company, implying that they are deeply invested in the company's success.

Speaking on an industry level, nearly 40% of total compensation represents salary, while the remainder of 60% is other remuneration. Protector Forsikring is paying a higher share of its remuneration through a salary in comparison to the overall industry. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.

A Look at Protector Forsikring ASA's Growth Numbers

Protector Forsikring ASA has seen its earnings per share (EPS) increase by 9.7% a year over the past three years. In the last year, its revenue is up 23%.

This revenue growth could really point to a brighter future. And the improvement in EPSis modest but respectable. So while performance isn't amazing, we think it really does seem quite respectable. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings. .

Has Protector Forsikring ASA Been A Good Investment?

Boasting a total shareholder return of 245% over three years, Protector Forsikring ASA has done well by shareholders. This strong performance might mean some shareholders don't mind if the CEO were to be paid more than is normal for a company of its size.

In Summary...

The company's decent performance might have made most shareholders happy, possibly making CEO remuneration the least of the concerns to be discussed in the upcoming AGM. Despite the pleasing results, we still think that any proposed increases to CEO compensation will be examined based on a case by case basis and linked to performance outcomes.

CEO compensation is one thing, but it is also interesting to check if the CEO is buying or selling Protector Forsikring (free visualization of insider trades).

Switching gears from Protector Forsikring, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.