Insr: Q1 2019 results: Strong growth - high claims ratio
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,