Protector Forsikring

Capital/Financing Update • Mar 9, 2021

Protector enters into a quota share agreement for the workers’ compensation portfolio in Norway and Denmark

Protector enters into a quota share agreement for the workers’ compensation portfolio in Norway and Denmark

Protector has today entered into a 70% (NOK 1.9 bn.) quota share agreement with DARAG Deutschland for the workers’ compensation portfolio in Norway and Denmark. The agreement includes the historical portfolio as of 30.09.2020 and confirms Protector’s workers’ compensation reserves in Norway and Denmark.

The agreement has as of today very limited impact on the result, but the risk reduction increases our SCR-ratio from 190% post dividend to approx. 209% as of 31.12.2020.

More details will be given in tomorrow’s Capital Markets Day presentation. See today’s separate announcement on Oslo Stock Exchange where the presentation is attached.

Oslo, 9 March 2021

Protector Forsikring ASA

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