Mister Compounder June 26, 2017

Protector Forsikring (OSLO: PRTOCT)

  Ticker:                  PROTCT Country:              Norway Stock price:        71,75 NOK   Summary of the thesis: A fast-growing Norwegian insurer with higher than industry growth in premiums. Historically it has grown premiums at 20 %, achieving 92 in combined ratio and an investment return on the float of 5,5 %. A low-cost focused business model with industry leading expense ratios. Protector is trading at approximately 12x normal earnings, which is in line with what the Norwegian market has been priced at historically. This is...

This content is for Regular Membership and Annual Membership members only. Please login or register to view our content.
Log In Register
Share: