Based on my estimates Protector Forsikring has now delviered a +30 % equity return so far in 2021 compared with less than 20 % for the overall market.
Since 2014 when Dag Marius took over Protector have delivered a 250 % equity return or around 20 % annual return on equirty
this compares to around 10 % for the Norwegian/Scandinavian index
At the same time they have delivered signifcant returns on fixed income far ahead of the market with lower risk and volatility.
Rising interest rates will be a big benefit for Protector as they have low duration in their bond portfolio and a lot of bonds is with floating rates.
This is not a 1 year track rekord but a 7 year track record and counting now. We think Dag Marius will keep outperforming in the future. With superior growth and investments income why is Protector still trading with a 50 % discount to peers?
We are willing to bet our money on Dag Marius and the rest of the Protector team
vimeo.com/522383005
If anyone else know another company trading at a single digit P/E with a +10 year track record of compounding shareholder at a +25 % CAGR pleese DM or email me :)
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