Insr Insurance Group (INSR) Q4 2024 earnings summary

Executive summary

• Operating income for 2024 was NOK 94.2 million, with a net profit of NOK 76.5 million, reflecting a significant increase from the previous year.

• The company has transitioned to a pure investment company, focusing on equities and bonds, after returning its insurance license.

• Equity at year-end was NOK 131.4 million, with total liabilities of NOK 180.1 million.

• No significant post-balance sheet events or market changes affecting the company's position were identified.

Financial highlights

• Revenue increased to NOK 94.2 million in 2024 from NOK 51.4 million in 2023.

• Net profit rose to NOK 76.5 million from NOK 42.7 million year-over-year.

• No tax expense was recognized due to the use of tax loss carryforwards.

• Result from discontinued insurance operations was NOK -0.07 million.

Outlook and guidance

• The board confirms the going concern assumption and sees no material uncertainties affecting future operations.

• The company continues to focus on high-quality, high-growth equity investments and high-yield bonds, with ongoing risk assessment.