Protector Forsikring

Earnings Release • Apr 24, 2024

Q1 2024: CR 91.2%, earnings per share NOK 5.5 – dividend NOK 2.00 per share

Q1 2024: CR 91.2%, earnings per share NOK 5.5 – dividend NOK 2.00 per share

Protector Forsikring ASA’s summarised results for Q1 2024 (Q1 2023) are:

• Combined ratio 91.2% (93.2)

• Gross written premium growth 12% (27), 9% (21) in local currencies

• Total investment return including insurance finance NOK 371.8m (521.7)

• Profit for the quarter NOK 455.6m (626.2)

• Earnings per share NOK 5.5 (7.6)

• Solvency ratio 196% (198), post dividend

January 1st is the largest inception date in the Nordics, while April 1st is the largest inception date in the UK; gross written premiums grew NOK 477m (28% in local currencies) in the UK at this date.

The Board has, in accordance with the mandate received from the Annual General Meeting 11 April 2024, decided to distribute a special dividend of NOK 164.9m, corresponding to NOK 2.00 per share. The payment will take place on 10 May 2024.

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

Oslo, 24 April 2024

Protector Forsikring ASA

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