Protector Forsikring

Earnings Release • Jul 11, 2024

Q2 2024: CR 94.5 %, earnings per share NOK 3.1, dividend NOK 2.00 per share

Q2 2024: CR 94.5 %, earnings per share NOK 3.1, dividend NOK 2.00 per share

Protector Forsikring ASA's summarised results for Q2 2024 (Q2 2023) are:

• Combined ratio 94.5% (83.9)

• Gross written premium growth in local currencies 16% (56)

• Total inv. return including insurance finance NOK 242m (-38)

• Profit for the quarter NOK 254m (219)

• Earnings per share NOK 3.1 (2.7)

• Solvency ratio 191% (192), post dividends

In the first half year, the company recorded a profit of NOK 710m (845). Combined ratio was 92.9% (88.1). The total return on investments including insurance finance was NOK 614m (484).

The Board has, in accordance with the mandate received from the Annual General Meeting 11 April 2024, decided to distribute a dividend of NOK 165m, corresponding to NOK 2.00 per share. The payment will take place on 23 July 2024.

Further details are provided in the attached report and presentation, which includes definitions of financial key figures.

Oslo, 11 July 2024

Protector Forsikring ASA

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)