Protector Forsikring ASA
ASAActiveOrg 985279721Filipstad Brygge 1, 0252 OsloNon-life insurance· NACE 6512Est. 2003 · 23 years old216 employeeshttps://www.protectorforsikring.no
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Overview
Protector Forsikring ASA is a Norwegian ASA based in Oslo, operating in the Non-life insurance sector. Incorporated in 2003, the company has 216 employees and reported revenue of NOK 11.8bn in its latest annual filing.
Revenue 2024
11.8B NOK
+25% vs 2023
EBITDA margin
10.3 %
+12% vs 2023
Net profit 2024
1.5B NOK
+2% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
22.1 %
20202024
Liquidity ratioCurrent assets ÷ Short-term debt
0.1×
20202024
Return on assets (ROA)Net profit ÷ Total assets × 100
62.4 %
20202024
EBITDA — year on year
NOK millionsKey figures
Annual report 2024| Revenue | 11.8B NOK | +25% |
| EBITDA | 1.2B NOK | +12% |
| Net profit | 1.5B NOK | +2% |
| Total assets | 2.5B NOK | -88% |
| Equity | 0.5B NOK | -88% |
| Employees | 216 | — |
Company information
Legal name
PROTECTOR FORSIKRING ASA
Org number
985279721
Legal form
Allmennaksjeselskap
NACE code
6512 · Non-life insurance
Founded
9 January 2003 · 23 years
Share capital
NOK 82,500,000
Employees
216 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder og administrerende direktør hver for seg, eller ved to av styrets øvrige medlemmer i fellesskap.
Company purpose
Direkte skadeforsikringsvirksomhet og gjenforsikring innen all skadeforsikring med unntak av klassene 14 kredittforsikring og 15 kausjonsforsikring, samt virksomhet som naturlig henger sammen med forsikringsvirksomhet.
(no translation available)
Contact
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Financial development
In its most recent annual report (2024), Protector Forsikring ASA reported revenue of NOK 11.8bn, an increase of 25% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net profit of NOK 1.5bn, and the EBITDA margin stood at 10.3%.
At the end of 2024, equity financed 22.1% of the balance sheet, and current assets covered short-term debt 0.1 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 11,763,000 | 9,385,500 | 386,588 | 4,929,453 | 4,632,121 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | 1,206,000 | 1,079,900 | 353,044 | 538,013 | 246,591 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | 1,206,000 | 1,079,900 | 353,044 | 538,013 | 246,591 |
| Net financials | 846,000 | 853,600 | 511,361 | 878,326 | 798,227 |
| Profit before tax | 2,052,000 | 1,948,500 | 1,009,481 | 1,416,339 | 1,044,818 |
| Tax | 513,000 | 439,200 | 166,694 | 251,656 | 159,958 |
| Net profit | 1,539,000 | 1,509,300 | 809,476 | 1,203,975 | 979,204 |
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Balance sheet
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total assets | 2,465,400 | 20,874,500 | 19,949,374 | 19,246,276 | 16,750,251 |
| Equity | 543,900 | 4,528,600 | 3,444,732 | 3,582,129 | 3,030,473 |
| Long-term debt | 0 | 0 | 0 | 1,697,475 | 1,597,507 |
| Short-term debt | 1,889,500 | 16,346,000 | 0 | 13,966,672 | 12,104,379 |
| Total debt | 1,889,500 | 16,346,000 | 0 | 15,664,147 | 13,701,886 |
Financial ratios
5-year trendEBITDA margin
10.3 %
20202024
Equity ratio
22.1 %
20202024
Return on equity
283.0 %
20202024
Net profit margin
13.1 %
20202024
Asset turnover
4.77×
20202024
Debt / equity
3.53×
20202024
Sector performance
1 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
One-year change in debtVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Asset turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Equity to contributed capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
Annual reports & filings
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
HG Chief Executive Officer | Chief Executive Officer | 2021 |
LJ Deputy Member | Deputy Member | 2026 |
KD Deputy Member | Deputy Member | 2026 |
Former (5)
CW Deputy Member | Deputy Member | 2022 – 2024 |
CS Deputy Member | Deputy Member | 2022 – 2026 |
FH Deputy Member | Deputy Member | 2020 – 2022 |
AL Deputy Member | Deputy Member | 2024 – 2026 |
LE Deputy Member | Deputy Member | 2020 – 2021 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (7) | ||
HA Board of Directors | Board of Directors | 2025 |
AR Board of Directors | Board of Directors | 2026 |
MV Board of Directors | Board of Directors | 2020 |
EK Board of Directors | Board of Directors | 2026 |
JS Chairman | Chairman | 2020 |
EB Board of Directors | Board of Directors | 2020 |
HM Board of Directors | Board of Directors | 2025 |
Former (5)
KR Board of Directors | Board of Directors | 2020 – 2021 |
RH Board of Directors | Board of Directors | 2020 – 2025 |
KA Board of Directors | Board of Directors | 2020 – 2025 |
TS Board of Directors | Board of Directors | 2022 – 2026 |
LE Board of Directors | Board of Directors | 2021 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 20.15% | 20.15% | 2025 | |
| Company | 9.12% | 9.12% | 2021 | |
| Company | 5.4% | 5.4% | 2025 | |
| Company | 3.55% | 3.55% | 2025 | |
| Company | 2.06% | 2.06% | 2025 | |
| Company | 2% | 2% | 2025 | |
| Company | 1.82% | 1.82% | 2025 | |
| Company | 1.38% | 1.38% | 2025 | |
| Company | 1.27% | 1.27% | 2025 | |
| Company | 1.24% | 1.24% | 2025 | |
| Company | 1.17% | 1.17% | 2025 | |
| Company | 1.14% | 1.14% | 2021 | |
| Company | 1.08% | 1.08% | 2025 | |
| Company | 1.08% | 1.08% | 2025 | |
| Company | 1.03% | 1.03% | 2025 | |
| Company | 0.91% | 0.91% | 2025 | |
| Company | 0.52% | 0.52% | 2025 | |
| Company | 0.52% | 0.52% | 2024 | |
| Company | 0.49% | 0.49% | 2025 | |
| Company | 0.42% | 0.42% | 2025 | |
| Company | 0.4% | 0.4% | 2025 | |
| Individual | 0.34% | 0.34% | 2025 | |
| Company | 0.24% | 0.24% | 2025 | |
| Company | 0.08% | 0.08% | 2025 | |
| Individual | 0.02% | 0.02% | 2025 | |
| Individual | 0.01% | 0.01% | 2025 | |
State Street Bank And Trust Comp | Company | 4.16% | 4.16% | 2024 |
| Company | 1.76% | 1.76% | 2024 | |
| Individual | 0% | 0% | 2025 | |
Brown Brothers Harriman & Co. | Company | 0.19% | 0.19% | 2024 |
| Individual | 0.01% | 0.01% | 2023 | |
Jpmorgan Chase Bank, N.A., London | Company | 2.41% | 2.41% | 2024 |
The Bank Of New York Mellon Sa/Nv | Company | 1.1% | 1.1% | 2024 |
Utmost Paneurope Dac - Gp11940006 | Company | 1.24% | 1.24% | 2024 |
Citibank (Switzerland) Ag | Company | 5.4% | 5.4% | 2023 |
The Bank Of New York Mellon | Company | 1.26% | 1.26% | 2024 |
Citibank Europe Plc | Company | 0.03% | 0.03% | 2024 |
Clearstream Banking S.A. | Company | 1.12% | 1.12% | 2024 |
The Northern Trust Comp, London Br | Company | 0.43% | 0.43% | 2024 |
| Individual | 0% | 0% | 2021 | |
Lombard Int Assurance S.A. | Company | 2.18% | 2.18% | 2023 |
Danske Bank A/S | Company | 0.5% | 0.5% | 2024 |
| Individual | 0% | 0% | 2025 | |
| Individual | 0% | 0% | 2025 | |
Pershing Llc | Company | 1.15% | 1.15% | 2024 |
| Individual | 0% | 0% | 2025 | |
Nordnet Bank Ab | Company | 1.3% | 1.3% | 2024 |
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Company hierarchy
Citibank (Switzerland) Ag5.4014%Awc As20.1517%Stenshagen Invest As9.1229%Avanza Bank Ab1.24%Nordnet Bank Ab1.17%Johan Vinje As1.14%Vevlen Kapital As1.03%Aat Invest As0.91%Kvantia As0.52%Frognes As0.52%Nore-Invest As0.42%Hvaler Invest As0.4%Dyvi Invest As0.24%Vevlen Gård As1.76%Brown Brothers Harriman & Co.0.19%The Bank Of New York Mellon Sa/Nv1.1%The Bank Of New York Mellon1.26%Citibank Europe Plc0.03%Clearstream Banking S.A.1.12%The Northern Trust Comp, London Br0.43%Lombard Int Assurance S.A.2.18%Danske Bank A/S0.5%Pershing Llc1.15%
Protector Forsikring ASA (this company)Axxelerator As7.1697% ownedC Link Holding As70% ownedRygge Varebilinnredning Holding As80% ownedBimo Holding As80% ownedØsvh As82.75% ownedIndustrikran Holding As72.7284% ownedP Data Holding As89.5558% ownedNextron Holding As67.8899% ownedIdema Holding As75% ownedDekningspatruljen Holding As73.1607% ownedM Group Holding As72.5428% ownedTime Interiør Holding As70% ownedBoard network connections
Board members of Protector Forsikring ASA also hold positions in 88 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Håkon Astrup | Board of Directors | 19 companiesMany roles |
| Arve Ree | Board of Directors | 15 companiesMany roles |
| Mathews Varghese Ambalathil | Board of Directors | 10 companiesMany roles |
| Kjetil Andreas Garstad | Board of Directors | 7 companiesMany roles |
| Lisa Jenny Zeller Molavi | Deputy Member | 6 companiesMany roles |
| Line Engelmann-Kokkim | Deputy Member | 5 companies |
| Jostein Sørvoll | Chairman | 5 companies |
| Tonje Svartberg Giertsen | Board of Directors | 4 companies |
| Henrik Golfetto Høye | Chief Executive Officer | 3 companies |
| Cathrine Wessel Poulsen | Deputy Member | 3 companies |
| Fredrik Haldor Øyan | Deputy Member | 2 companies |
| Kristine Røkeberg Nilsen-Moe | Board of Directors | 2 companies |
| Randi Helene Røed | Board of Directors | 2 companies |
| Else Bugge Fougner | Board of Directors | 2 companies |
| Christoffer Skyrud | Deputy Member | 1 company |
| Aasne Livik Naterstad | Deputy Member | 1 company |
| Hanne Myre | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Protector Forsikring ASA?
Protector Forsikring ASA is registered with Brønnøysundsregistrene under Org 985279721.
What is the revenue of Protector Forsikring ASA?
Protector Forsikring ASA reported revenue of NOK 11.8bn in 2024.
How many employees does Protector Forsikring ASA have?
Protector Forsikring ASA employs 216 people as of the latest annual report.
Who is the CEO of Protector Forsikring ASA?
Henrik Golfetto Høye is the CEO of Protector Forsikring ASA, in role since 2021.
Who is the chairman of Protector Forsikring ASA?
Jostein Sørvoll chairs the board of Protector Forsikring ASA, in role since 2020.
Where is Protector Forsikring ASA headquartered?
Protector Forsikring ASA's registered address is Filipstad Brygge 1.