Protector Forsikring

Earnings Release • Apr 25, 2019

16% growth, CR 105,9%

16% growth, CR 105,9%

The profit for the quarter was NOK 91.9m against a loss of NOK -2,4m in Q1 2018. The result is driven by significant run-off gains and by a good investment result.

The Board of Directors decided 18th December 2018 to exit the COI market. The net result of COI is in the income statement therefore presented on the line "discontinued operations".

In Q1, the growth in gross written premiums within the corporate and public lines of business was 16%. The net combined was 105.9% up from 92.7% in Q1 2018. Including COI, the net combined ratio for the quarter was 96.9% and 95.1% in Q1 2018.

The investment result, including COI, was NOK 111.3m (1.1%).

The company maintains the guiding for 2019; 14% growth in gross written premiums and a net combined ratio of 96%.

For further information, please see the attached report and presentation including description and calculation of key financial ratios.

Oslo, April 25th 2019

Protector Forsikring ASA

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