Vardia Q2 - imponerande siffror - nytt insiderköp

http://www.newsweb.no/newsweb/search.do?messageId=359094

Idag borde kursen få ett uppsving.

Vardia Insurance Group ASA (VARDIA) experienced a 
second quarter with strong growth in gross written 
premiums and significantly lower claims ratio than 
previous quarters. 

The gross revenues for the second quarter was NOK 
303.7 million (168.0). The gross written premiums was 
NOK 282.0 million (136.7), while the earned premium 
for own account was NOK 51.4 million (21.5) The gross 
claims ratio in the second quarter (74.3%) is 
significantly lower than the same quarter last year 
(93.5%). 

President & CEO in Vardia Insurance Group ASA, Ivar S. 
Williksen, says:

"We are very satisfied with the development of our 
business. The favorable development in claims is 
especially satisfying, where both the Norwegian and 
Swedish operations contributed to the good 
development. Our new sales this period is also very 
high. Our sales force have now sold insurance for more 
than half a billion NOK in 2014. With that, the 
premiums keep increasing and we now have approximately 
one percent of the total non-life insurance market in 
both Norway and Sweden". 

The cost ratio is still affected by the company's 
considerable investments, and the Group reports a net 
loss for the period of NOK 12.7 million. The gross 
combined ratio for the period was 102.9%. 

"We expect that Vardia will become profitable in the 
final months of the year, but with a net loss for the 
whole year", says Ivar S. Williksen. 

EDIT kl 12:
Noterar även att insiderköp genomförts (andra regler i Norge än i Sverige?):

The following primary insiders of Vardia Insurance 

Group ASA ("Vardia"), Rune Olsen Arneberg, Børge 
Leknes and Pål Lauvrak, has through their company BPR 
Invest AS, entered into a forward contract to buy 
35,000 shares in Vardia. The due date is 20 August 
2015 at a strike price of NOK 30.2962 per share. 

In addition to the exposure of 235,000 shares under 
forward contracts, BPR has 600,000 shares in Vardia. 

http://www.newsweb.no/newsweb/search.do?messageId=359125