Good morning, everybody, and Welcome to this Quarter Four 2020 presentation for Insr. My name is Niclas Ward, and I'm joined today by the CFO, Hans Petter Madsen, and we will go through the highlights of quarter four and of 2020. I would say the theme is the winding down of Insr. What you will hear is a combination of that there is still definitely insurance risk and an insurance company result, but also that there are strong effects from the winding down of the company that seriously affects the Q4 results and the 2020 results. If we move to the next slide, we cover three areas. I will go through some highlights first and then hand over to Hans Petter for a financial review. And I will come back with an outlook and conclusion, and then we end the presentation with an ability or a possibility to ask questions to Hans Petter and myself. Moving further into the highlights. The first page of the highlights. Here is a combination of winding down activities and insurance results. We are in the midst of a portfolio transfer to Storebrand, where all active Norwegian customers gradually move over to Storebrand. I'm very happy to say that that is going well. Customers are moved in accordance with plan. We see that a large number of customers go to Storebrand and choose to remain with Storebrand. I'm happy with the cooperation we have with Storebrand there for the benefit of, first and foremost, the customers, but of course also for Storebrand and for Insr. In quarter four, we see what I think is an acceptable loss ratio of 72.6%. Over the full year 2020, the loss ratio was 72.1%. We, as I said, have both extraordinary costs and income that's affecting quarter four, and Hans Petter will go into that more in detail. In total, quarter four lands on a profit of NOK 18 million. In total, 2020 lands on a loss of NOK 306 million. A large part of that is due to write-downs, not the least on IT systems and on goodwill. Closing quarter four, the company has a solvency ratio of 108%. If we move further, just a bit of a recap, what has happened in Insr since the summer of 2020. On the 26th of June, the Norwegian FSA gave Insr loss of license warning. That created or instigated a strategic review that landed with the agreement with Storebrand presented on the 14th of August, where Storebrand take over the insurance portfolio. The NFSA approved that portfolio sale. They postponed the license decision. That was announced on the 16th of September. There was an AGM on the 5th of October that approved the portfolio sale. From the 1st of December then, Storebrand renews and amends the customers. That is the active portfolio in Norway. Going to the next slide, a bit more into details. As I said, Storebrand takes over the customers. The claims handling is moved to Sedgwick. In connection with those transfers, just as sort of a reminder, we have moved employees from Insr both to Storebrand and to Sedgwick, where they have found new places to work and still taking care of Insr customers and, of course, also taking care of other customers. That feels good both from a customer point of view and for these employees. Storebrand did not take over everything. AmTrust took over most of the specialty insurance that was written in Insr earlier. When it comes to the non-active portfolios, the historic portfolios, the run-offs, there are historical portfolios both in Norway and Denmark that we need to find new homes for. Those processes are ongoing, and they are not finished yet. The plan is still to have all insurance risk out from Insr by January 1, 2022, and then be able to hand back the license to the NFSA. That's an overall summary of where we are and a bit more on the details now on the financial review with Hans Petter. I hand over to you, Hans Petter. Thank you, Niclas. I will go through the figures in details. If we're starting at the top, you see that we have gross premium earned of NOK 243 million. This is, of course, less than we had last year. That's due to that we stopped writing business from 1st of December last year. The premium income will gradually be reducing during 2021. We will see this compared to last year will go down. The other insurance-related income is NOK 4.23 million, that's close to what we had last year. The claims incurred is quite lower than the quarter last year. That's due to the fact that we have done a lot of measurements within the portfolio and that we see that coming into the results. We have a sales cost of NOK 26.5 million. That's less than we had last year. That's both because the portfolio itself is less and from December, we have had no sales cost related to renewals that we normally have. We had some costs relating to agreements with some other partners. The insurance-related administration cost is quite higher than we had in 2019, and that's due to a lot of extraordinary items related to the wind down process. The gross underwriting result was a loss of NOK 39 million. On top of that, the reinsurance result was a loss of NOK 25.8 million, and that's also connected with some of the run-off activities, but also that the reinsurers start making money when the portfolio is profitable. The net underwriting result is a loss of NOK 65 million. The net income from the sale of portfolio to Storebrand is NOK 139.9 million. This is booked as a contract and will be measured against what we will receive monthly from Storebrand. I will come back to this a little bit later. We had asset write-off of NOK 40.7 million and a normal investment income. We had other items in NOK 7.3 million that gave us a net result for Norway of NOK 28.2 million. The run-off in Denmark gave us a loss of NOK 10.6 million, related to some run-off loss in the quarter, but also some compensation to partners in Denmark. That gave us a positive result for the quarter of NOK 17.6 million. Go to next slide where we look at the gross claims ratio. Here we can see that we have a good development both in the quarter and the year to date compared to last year. As I said earlier, this is mainly driven from a better portfolio. We're glad to hand over a much more profitable portfolio to Storebrand, who will work with our customers further on. The next slide. I will comment a little bit on the extraordinary items and cost in Q4. As I said, we have booked a conservative net income from Storebrand with NOK 140 million. As we'll see when I'm explaining the Solvency II ratio, we will see that we have our best estimate is NOK 20 million higher than these 1 40. That will go into the Solvency II ratio. We have put up a provision for losses of closing down the business regarding our sales partners, and that's booked with NOK 32 million this quarter. We are still using a lot of our IT system, but we have done a test of them and agreed to have them now write off since we will not use them. They will not produce any profit for the next coming year. All intangible and fixed assets are written off. There is still some few items left on the fixed asset, but most of them is written off. We see that also we have IT contracts that we will not use in the future. We have also agreed on stay-on packages to the employees to make them stay with us in the wind down period. That is then booked for a cost of NOK 12 million last quarter. If you just go to the next slide and look at the full year of 2020. We see we have NOK 1.1 billion in earned premium. As I said, a good claims ratio of 72. The sales cost is quite reduced during 2020, and that's because the sales activities has been dropping after the announcement from Insr and FSA. We had a loss on the gross underwriting result of NOK 41.7 million. The reinsurers who have lost a lot of money on us during the years, we gain a profit in 2020 of NOK 51 million. That gives us a net underwriting result of, that's negative at NOK 92.7. Here we could also see the income from the Storebrand sale, and we have asset write-offs of NOK 272 million. That's IT systems and the goodwill that was booked from the Insr bought Nemi. For the whole year, we have a run-off loss in Denmark of NOK 80 million. That's mainly compensation to partners, and also run-off losses. In total, we had a loss of NOK 305.9 million last year. If you look at the next slide on how the solvency ratio is developing. We are glad to show you that we have a solvency ratio about 100%. It's 108%. You can see that the SCR is dropping. That's because we are now in calculating this in a little bit different circumstances. It will continue dropping during 2021, because the earned premium will be reduced. The next slide I will talk a little bit about the difference under the bridge of the solvency capital, where we started with the NOK 296 million in solvency capital at the end of Q3 last year. Then we had the profit for the period of NOK 18 million. We have a difference with the group result and the profit and the loss in the mother company, and that was NOK 71 million. That is related to some loans that our daughter companies had that we have written off. The daughter companies was selling insurance for Insr and was making a profit out of this commission that they received, and they was paying the loan from that. As part of the agreement with Storebrand, they will receive a part of the compensation from Storebrand. That is not enough to pay all the loans. That loan is now written off in the mother company. The.. Our DAC, that's the amortization of reinsurance commission, is reduced by NOK 9 million, and that will continue dropping. The natural perils pool is NOK 10 million less, and that's a consequence of the cost that we have on the big landslide in Gjerdrum. Within the profit and loss that we had, we had a write-off of intangibles. We have NOK 43 million, so that's contributing positively since intangibles is not recognized in the capital under Solvency II. We had some minor changes in the model. Another part with both NOK 14 million reduction. Then you see the best estimate from what we expect from the Storebrand deal is increasing their capital with that NOK 20 million. It's the change regarding how we could recognize the tier one hybrid loan, and also the change in the SCR regarding tier two and tier three. That gives us in total NOK 199 million in solvency capital. Just to sum up in the next slide, what we are working on going forward is that we are work on the transfer of the portfolio to Storebrand, is closing down all the IT system and most of the operation during this year. We are working on reinsurance for the run-off, to be able to get rid of all the insurance risk on our balance sheet. Looking forward, we have made a solvency forecast. As I said, the SCR will be reduced during the year. The solvency will also be dropping due to that we will have expected losses during the year, because of the cost of running the business. We expect that we will use some or all of the tier one loan, and that we will stay above a solvency ratio above 100 towards the end of 2021. With that, I hand it over to you again, Niclas. Thank you, Hans Petter, for taking us through those details and that special development for Insr. I'd like us to look a bit forward and take the conclusion of the presentation before we go into any potential questions that you might have. Looking at the slide called Going Forward, the key focus for us is to close the company and pay out the dividends of the money that is left when the company is closed. There are, of course, some other possibilities, and it could be still a bid for the entire company now that it's much more de-risked than it was during the summer, when it was an ambition to sell the entire company. That was not successful then. With all those things that have happened, there is a lot less risk now, and it continues to be less risk in the company. We see that as a possibility. There could, of course, also be other activities in the company. Should be pointed out that any of these things naturally both have to be approved by the shareholders, and also in line with the recommendations and instructions from the Norwegian FSA. We are spending our efforts really on doing an orderly exit out of insurance with the best for the customers, shareholders, and employees in mind, but also looking into other possibilities. To sum up, looking at insurance-wise, and Hans Petter was into that quite a lot as well, we think it's an acceptable Q4 and 2020 insurance result in itself. The total picture is very much affected both by income and costs connected to winding down the company. The exit is ongoing, and we have a strong ambition to have no insurance risk left in Insr as the 1st of January 2022. The active portfolio is already sold where that will land. We have historical portfolios where we have not landed yet, and that is a key focus for us to do that. However, the work remains to be settled and finished. We have a strong ambition to keep the solvency above 100 through a tidy exit. Should also be pointed out that there is a wide possibility of outcomes, both depending on the existing insurance business, the result of that, of course, but also on the negotiations and the wind-down activities that we have. That's key for both management and the board to be very close to that development and also to have close communication with interested parties, not least the NFSA, about the development. It is natural for us to review further options, both closing the company, but also finding other solutions as part of the process going forward. With that, we conclude the presentation and open up for any questions. Yeah. I'm just going to mention that there is a chat bubble on the right-hand side of the screen that you could type your questions. That's good. Thanks, Hans Petter. Yes, at the moment we have no questions. Well, let's give it another minute then, we go now. Thanks. Yeah. This is our first fully digital presentation, so nobody in the audience at the office to, I guess, ask questions. It seems, Niclas, that we have no questions this time, even if it's quite a special quarter and a lot of special things within the figures. It seems that we don't have any questions here. No. Okay. Thank you to each and everyone who have looked and listened to this, and we hereby close the Q4 presentation for Insr for 2020. Thank you, and take care out there.