I was casually reading about hte company for some time and finally took a closer look. Judging from the recent share price development, taking so long was rather expensive …
This is not investment advice. Please read the disclaimer. I might own discussed stock(s) currently or at a later time. I might transact in any securities at any time.
Protector Forsirkring is a Nordic insurer with a small-ish market capitalisation of around NOK 10bn ($1bn). Protector offers insurance to companies and the public sector within the segments of: property, liability, motor, personal and travel. It operates in Norway, Sweden, Denmark, Finland and the UK and focuses on low costs leadership while maintaining a high quality level, portraying itself as the challenger.
Protector is a growing challenger int the public and commercial insurance sector focused on low costs and quality generating lumpy profits but earning high returns on equity on average.
Buying it during a period of weaker profits might be possible on the basis on higher variability in profit drivers and indeed executable trusting a good management on board.
Add: I just wondered in my excel file that Norway was not marked green with regard to Norwegian withholding tax (bzst 2021), seems i made a mistake here, or at least it is a bit more complicated for Germans, see here.