Oslo, May 15th, 2019
Insr Insurance Group ASA (OSE:INSR) announces results for the first quarter of 2019.
A presentation of the results by the Group’s senior management will take place today at 08:30 CET – see details below.
Net result for the quarter, including other comprehensive income, was a loss of NOK 69.5 million (24.8 million in Q1 2018). Gross combined ratio was 124.8% (114.3%).
The strong premium growth continues; gross earned premium in the quarter was 16.3% above same period last year.
Claims results are disappointing, as there was an accumulation of large claims,