Protector Forsikring ASA – The Scandinavian “Baby Markel/Berkshire” ?
The company:
Protector Forsikring ASA is a name that came up more often in my “stream”. It is a Norwegian “Challenger” Insurance company founded in 2007 (and IPOed in 2008) that has been growing nicely over the past years and doesn’t look expensive.
The stock price has been quite volatile but recently the stock has reached new highs and long time shareholders should be quite happy:
The high level financial indicators look very attractive: A relatively Ok valuation with an impressive ROE: