PROTECTOR FORSIKR.(ADS)/2 (PR40) - Net Assets
Based on the latest financial reports, PROTECTOR FORSIKR.(ADS)/2 (PR40) has net assets worth €7.32 Billion EUR (≈ $8.55 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€28.31 Billion ≈ $33.10 Billion USD) and total liabilities (€21.00 Billion ≈ $24.55 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PR40 strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €7.32 Billion |
| % of Total Assets | 25.84% |
| Annual Growth Rate | 26.83% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.01 |
PROTECTOR FORSIKR.(ADS)/2 - Net Assets Trend (2022–2025)
This chart illustrates how PROTECTOR FORSIKR.(ADS)/2's net assets have evolved over time, based on quarterly financial data. Explore PROTECTOR FORSIKR.(ADS)/2 (PR40) long-term investment share to see how much of total assets are deployed in long-term investments.
Annual Net Assets for PROTECTOR FORSIKR.(ADS)/2 (2022–2025)
The table below shows the annual net assets of PROTECTOR FORSIKR.(ADS)/2 from 2022 to 2025. For live valuation and market cap data, see market cap of PROTECTOR FORSIKR.(ADS)/2.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €7.67 Billion ≈ $8.97 Billion |
+32.58% |
| 2024-12-31 | €5.79 Billion ≈ $6.77 Billion |
+27.82% |
| 2023-12-31 | €4.53 Billion ≈ $5.29 Billion |
+20.40% |
| 2022-12-31 | €3.76 Billion ≈ $4.40 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to PROTECTOR FORSIKR.(ADS)/2's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €7.67 Billion | 100.00% |
| Total Equity | €7.67 Billion | 100.00% |
PROTECTOR FORSIKR.(ADS)/2 Competitors by Market Cap
The table below lists competitors of PROTECTOR FORSIKR.(ADS)/2 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SUNRISE N
SW:SUNN
|
$3.50 Billion |
|
Abercrombie & Fitch Company
NYSE:ANF
|
$3.50 Billion |
|
Fielmann Aktiengesellschaft
XETRA:FIE
|
$3.51 Billion |
|
Organon & Co
NYSE:OGN
|
$3.51 Billion |
|
Skeena Resources Ltd
TO:SKE
|
$3.50 Billion |
|
nLIGHT Inc
NASDAQ:LASR
|
$3.50 Billion |
|
KPJ Healthcare Bhd
KLSE:5878
|
$3.50 Billion |
|
Twist Bioscience Corp
NASDAQ:TWST
|
$3.50 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PROTECTOR FORSIKR.(ADS)/2's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,789,000,000 to 7,675,000,000, a change of 1,886,000,000 (32.6%).
- Net income of 2,646,000,000 contributed positively to equity growth.
- Dividend payments of 989,000,000 reduced retained earnings.
- Other factors increased equity by 229,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.65 Billion | +34.48% |
| Dividends Paid | €989.00 Million | -12.89% |
| Other Changes | €229.00 Million | +2.98% |
| Total Change | €- | 32.58% |
Book Value vs Market Value Analysis
This analysis compares PROTECTOR FORSIKR.(ADS)/2's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.91x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.85x to 0.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | €45.66 | €84.50 | x |
| 2023-12-31 | €54.94 | €84.50 | x |
| 2024-12-31 | €70.23 | €84.50 | x |
| 2025-12-31 | €93.10 | €84.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PROTECTOR FORSIKR.(ADS)/2 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 34.48%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.57%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 3.72x
- Recent ROE (34.48%) is above the historical average (32.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 36.66% | 23.01% | 0.36x | 4.44x | €1.00 Billion |
| 2023 | 33.32% | 15.53% | 0.47x | 4.61x | €1.06 Billion |
| 2024 | 27.17% | 13.45% | 0.47x | 4.26x | €994.10 Million |
| 2025 | 34.48% | 18.57% | 0.50x | 3.72x | €1.88 Billion |
Industry Comparison
This section compares PROTECTOR FORSIKR.(ADS)/2's net assets metrics with peer companies in the Insurance - Specialty industry.
Industry Context
- Industry: Insurance - Specialty
- Average net assets among peers: $4,204,742,200
- Average return on equity (ROE) among peers: 15.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PROTECTOR FORSIKR.(ADS)/2 (PR40) | €7.32 Billion | 36.66% | 2.87x | $3.50 Billion |
| HELIA GROUP LTD. (0GI0) | $1.08 Billion | 21.43% | 1.71x | $844.44 Million |
| AXIS Capital Holdings Limited (AXV) | $5.26 Billion | 7.15% | 4.75x | $6.88 Billion |
| Assured Guaranty Ltd (DHU) | $6.84 Billion | 10.67% | 1.11x | $2.83 Billion |
| Essent Group Ltd. (EG0) | $5.76 Billion | 11.99% | 0.29x | $4.98 Billion |
| Medibank Private Limited (MPV) | $2.08 Billion | 24.52% | 1.11x | $7.60 Billion |
About PROTECTOR FORSIKR.(ADS)/2
Protector Forsikring ASA, operates as a non-life insurance company, provides general insurance and reinsurance services in Norway, Sweden, Finland, Denmark, the United Kingdom and France. The company provides personal, motor, property, liability, and change of ownership insurances. It offers services to commercial lines of business, public sector, and affinity schemes through insurance brokers an… Read more