Insr: Q1 2020 results - Profit ahead
Oslo, May 14[th], 2020 Insr Insurance Group ASA (OSE: INSR) announces results for first quarter 2020. A presentation of the results by the Group’s senior management will take place today at 08:30 CET - see details below. The result in the first quarter, a loss of NOK 23 million on continued business and a loss of NOK 4 million on discontinued business, is a noticeable improvement from same quarter last year, which had a loss of NOK 69 million. Claims results are now in line with the Norwegian market. Gross and net loss ratios in the quarter were 83% and 82% respectively, and the