Protector Forsikring

Earnings Release • Feb 12, 2016

2015: 20% growth, "Best ever" result

2015: 20% growth, "Best ever" result

Gross premiums written in 2015 totalled NOK 2.843m,

representing 20% growth compared to 2014. In Q4, gross

premiums written totaled NOK 325.3m, a 15,4% increase

compared to Q4 2014.

The net combined ratio was in 2015 88.7%, compared

with 84.5% in 2014. In Q4, the net combined ratio was

96,6% up from 82,7% for the same period in 2014.

Gross written premiums in 2015 was NOK 521m in Sweden

(a 60% increase) and NOK 431m (a 62% increase) in

Denmark. The net combined ratio for 2014 in Sweden was

87,0% and in Denmark 107,3%.

The investment return was in 2015 NOK 303.8m or 5.2%

against NOK 236.8m or 5,3% in 2014. In Q4, the return

was NOK 152,8m or 2,5% against NOK 13.6m or 0,3 % in

Q4 2014.

The operating result in 2015 was NOK 536.1 m, up from

NOK 502.0m in 2014. In Q4, the operating result was

NOK 166.5m against NOK 89.8m in Q4 2014.

Profit for the period was NOK 483.0m against NOK 358.8

in 2014, an improvement of 35%.

The company's position as cost- and quality leader in

the Scandinavian market is considered a good basis for

entering the UK and Finnish markets in 2016

Based on the company's dividend policy, strong results

for the full year 2015 and strong financial position,

the Board considers recommending a dividend of NOK

2.25 per share for 2015.

For further information, please see the attached

report and presentation.

Oslo, 12 February 2016

Protector Forsikring ASA

This information is subject of the disclosure

requirements

acc. to §5-12 vphl (Norwegian Securities Trading Act)

Contact:

Sverre Bjerkeli (CEO), Phone: +47 928 38 072,

Robert Thornedahl (CFO), Phone +47 464 42 045