Protector Forsikring

Earnings Release • Jan 7, 2021

Very good investment result in Q4 and for the full-year 2020

Very good investment result in Q4 and for the full-year 2020

Referring to the stock exchange announcement dated October 30th 2020 including its attachments; we communicated an investment result incl. options and administrative costs as of September 30th 2020 at MNOK 521.1 (4.3%).

The return on our investments has been very good also in the fourth quarter. From our equity positions we have seen returns at MNOK 395 (28%), whereas our fixed income positions have returned MNOK 117 (1%). For the investment portfolio as a whole, this amounts to MNOK 511 (3.9%) for the quarter. Above mentioned numbers are exclusive of administrative costs.

For 2020 as a whole, the return from our investment portfolio, exclusive of administrative costs, amounts to MNOK 1 045 (8.7%), whereof MNOK 440 (35.7%) returns from equities and MNOK 605 (5.6%) from fixed income investments.

Forthcoming update on gross written premiums

As the renewal date 1st of January has impact on the company's growth, the company will give a statement to the market on Thursday 21.01.2021 regarding the January 1st volume. An update regarding the premium growth in 2020 will also be provided.

Oslo, January 7th 2021

Protector Forsikring ASA