Protector Forsikring ASA

OB:PROT Stock Report

Market Cap: NOK 37.3b

Protector Forsikring Past Earnings Performance

Past criteria checks 3/6

Protector Forsikring has been growing earnings at an average annual rate of 13.3%, while the Insurance industry saw earnings growing at 13.5% annually. Revenues have been growing at an average rate of 21.4% per year. Protector Forsikring's return on equity is 28.2%, and it has net margins of 14.2%.

Key information

13.28%

Earnings growth rate

13.04%

EPS growth rate

Insurance Industry Growth7.60%
Revenue growth rate21.40%
Return on equity28.21%
Net Margin14.20%
Next Earnings Update10 Jul 2026

Recent past performance updates

Recent updates

Narrative Update Jun 07

PROT: Future Upside Will Rely On Index Inclusion And Capital Returns

Analysts kept their fair value estimate for Protector Forsikring unchanged at NOK 581.25, reflecting stable assumptions around revenue growth, profit margins and future P/E. This signals that recent research has not provided a clear reason to adjust the prior price target.
Narrative Update May 24

PROT: Future Upside Will Rely On Index Inclusion And Dividend Power

Analysts have maintained Protector Forsikring’s fair value estimate at NOK 581.25. A slightly higher discount rate and modestly adjusted revenue growth, profit margin and future P/E assumptions guided the latest price target update.
Narrative Update Apr 25

PROT: Future Upside Will Rely On Index Inclusion And Dividend Power

Analysts have trimmed the price target on Protector Forsikring from NOK 600.00 to NOK 581.25, reflecting updated assumptions around slightly lower revenue growth, a somewhat higher projected profit margin, and a higher future P/E multiple of 31.73x. What's in the News Protector Forsikring ASA appointed Amund Grønvold Skoglund as the new CFO, as part of a planned succession process for long term CFO Ditlev de Vibe Vanay.
Narrative Update Apr 11

PROT: Future Returns Will Rely On Index Inclusion And Steady Dividend Power

Analysts have maintained their NOK 600 price target for Protector Forsikring, reflecting steady assumptions around the discount rate, revenue growth, profit margin and future P/E, even after a recent review of the investment case. What's in the News Protector Forsikring ASA is being added to the Oslo OBX Total Return Index, which places the company among a select group of heavily followed Norwegian stocks (Key Developments).
Narrative Update Mar 28

PROT: Future Returns Will Rely On Index Inclusion And Reliable Dividend Power

Analysts are keeping their NOK 600 price target for Protector Forsikring unchanged, reflecting only fine tuning in assumptions around revenue growth, profit margin and future P/E rather than a shift in the overall view. What's in the News Protector Forsikring ASA is being added to the Oslo OBX Total Return Index, which may increase the stock's visibility with index trackers and institutional investors (Key Developments).
Narrative Update Mar 12

PROT: Future Returns Will Rely On Stable Dividend And Earnings Power

Analyst price targets for Protector Forsikring remain unchanged at NOK 600. Analysts point to stable assumptions on the discount rate, revenue growth, profit margin and forward P/E as support for keeping their valuation steady.
Narrative Update Feb 26

PROT: Future Story Will Center On Dividend Income And Margin Strength

Analysts have kept their NOK 600.0 price target for Protector Forsikring unchanged, with a small adjustment in the assumed future P/E multiple to 25.1x. This reflects fine tuning of their valuation inputs rather than a shift in their core outlook.
Narrative Update Feb 11

PROT: Future Story Will Center On Margin Strength And Dividend Visibility

Analysts have lifted their price target for Protector Forsikring to NOK600 from NOK578.33, citing updated assumptions around revenue growth, profit margins, a slightly higher discount rate, and a lower expected future P/E multiple. What's in the News Protector Forsikring ASA declared a dividend of NOK 6.00 per share, with the last day including rights on 2 February 2026 (Key Developments).
Analysis Article Feb 02

Protector Forsikring (OB:PROT) Will Pay A Larger Dividend Than Last Year At NOK6.00

Protector Forsikring ASA's ( OB:PROT ) dividend will be increasing from last year's payment of the same period to...
Narrative Update Jan 28

PROT: Fair Value View Will Focus On Margin Strength And Dividend Payout

Analysts have nudged their price target on Protector Forsikring higher from NOK 567.67 to NOK 578.33. This reflects updated assumptions that pair slightly lower revenue growth expectations with a modestly stronger profit margin outlook and a largely unchanged future P/E multiple.
Narrative Update Jan 13

PROT: Fair Value View Will Weigh Dividend Timing And Payout Level

Analysts have raised their fair value estimate for Protector Forsikring from NOK 554 to about NOK 567.67, citing updated assumptions around revenue growth, profit margins and future P/E levels as key drivers of the change. What's in the News The Board of Protector Forsikring ASA has approved a dividend distribution of NOK 247 million, equal to NOK 3.00 per share, under the mandate from the Annual General Meeting held on 10 April 2025 (Key Developments).
Analysis Article Nov 27

Do Protector Forsikring's (OB:PROT) Earnings Warrant Your Attention?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Aug 11

With EPS Growth And More, Protector Forsikring (OB:PROT) Makes An Interesting Case

OB:PROT 1 Year Share Price vs Fair Value Explore Protector Forsikring's Fair Values from the Community and select yours...
Analysis Article Jul 15

Protector Forsikring ASA's (OB:PROT) 28% Share Price Surge Not Quite Adding Up

Despite an already strong run, Protector Forsikring ASA ( OB:PROT ) shares have been powering on, with a gain of 28% in...
Analysis Article May 22

What Protector Forsikring ASA's (OB:PROT) 26% Share Price Gain Is Not Telling You

Despite an already strong run, Protector Forsikring ASA ( OB:PROT ) shares have been powering on, with a gain of 26% in...
Analysis Article Apr 27

Results: Protector Forsikring ASA Beat Earnings Expectations And Analysts Now Have New Forecasts

It's been a pretty great week for Protector Forsikring ASA ( OB:PROT ) shareholders, with its shares surging 11% to...
Analysis Article Apr 04

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...
User avatar
New Narrative Feb 02

Investing In Technology And Expanding Into France Will Improve Operational Efficiency

Enhancing data quality and investing in technology could improve operational efficiencies and net margins, supporting long-term scalability and earning growth.
Analysis Article Jan 20

Do Protector Forsikring's (OB:PROT) Earnings Warrant Your Attention?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Dec 25

Protector Forsikring ASA's (OB:PROT) Price Is Out Of Tune With Earnings

It's not a stretch to say that Protector Forsikring ASA's ( OB:PROT ) price-to-earnings (or "P/E") ratio of 12.1x right...
Analysis Article Jul 14

Protector Forsikring ASA's (OB:PROT) Business Is Trailing The Market But Its Shares Aren't

With a price-to-earnings (or "P/E") ratio of 13.9x Protector Forsikring ASA ( OB:PROT ) may be sending bearish signals...
Analysis Article Apr 05

It Looks Like The CEO Of Protector Forsikring ASA (OB:PROT) May Be Underpaid Compared To Peers

Key Insights Protector Forsikring's Annual General Meeting to take place on 11th of April CEO Henrik Hoye's total...

Revenue & Expenses Breakdown

How Protector Forsikring makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

OB:PROT Revenue, expenses and earnings (NOK Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2614,3052,0311,3090
31 Dec 2514,6552,6141,2750
30 Sep 2513,7542,1731,2520
30 Jun 2513,4342,2951,1580
31 Mar 2512,7181,8321,0690
31 Dec 2412,0641,5401,0160
30 Sep 2412,1171,9499830
30 Jun 2411,1521,3679480
31 Mar 2410,2601,3409130
31 Dec 239,8091,4948290
30 Sep 238,9051,4367980
30 Jun 238,4031,7947130
31 Mar 237,7971,7766200
31 Dec 226,9111,3695860
30 Sep 226,2881,0335950
30 Jun 225,8738085760
31 Mar 226,2758415240
31 Dec 215,8101,1655360
30 Sep 215,9341,3135520
30 Jun 216,0871,4695350
31 Mar 215,8741,6925470
31 Dec 205,4998854840
30 Sep 205,1274814530
30 Jun 204,8122144120
31 Mar 204,130-3663850
31 Dec 194,301-763520
30 Sep 193,688-2543260
30 Jun 193,324-1943190
31 Mar 193,122-152940
31 Dec 182,825-212920
30 Sep 182,4611802550
30 Jun 182,5932272460
31 Mar 182,6863072310
31 Dec 172,7463742080
30 Sep 173,2574112260
30 Jun 173,2454292270
31 Mar 173,3125062010
31 Dec 163,1844531870
30 Sep 163,0955342080
30 Jun 162,7844381780
31 Mar 162,4522931820
31 Dec 152,4844641840
30 Sep 152,2634171690
30 Jun 152,2064151730

Quality Earnings: PROT has high quality earnings.

Growing Profit Margin: PROT's current net profit margins (14.2%) are lower than last year (14.4%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: PROT's earnings have grown by 13.3% per year over the past 5 years.

Accelerating Growth: PROT's earnings growth over the past year (10.9%) is below its 5-year average (13.3% per year).

Earnings vs Industry: PROT earnings growth over the past year (10.9%) did not outperform the Insurance industry 19.3%.


Return on Equity

High ROE: PROT's Return on Equity (28.2%) is considered high.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/09 05:34
End of Day Share Price 2026/06/09 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Protector Forsikring ASA is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gianandrea RobertiCarnegie Investment Bank AB
Håkon AstrupDNB Carnegie
Simen AasDNB Carnegie