Protector Forsikring

Earnings Release • Jan 22, 2016

Protector Forsikring ASA, 22% growth in 2016

The January 1st renewal date is significant for Protector Forsikring, therefore we issue a volume statement to the market.

The Company experiences its best year ever January 1st renewal and expects Gross Written Premiums to increase 22% over full year 2016, including a positive currency effect.

Norwegian business areas will be contributing with a low single digit growth. UK volumes will, as earlier communicated, only be at a limited level. Sweden and Denmark will have an accumulated growth around 50% in 2016.

Net written premiums are expected to grow more than gross, because of a changed reinsurance mix.

The Company also experienced a strong premium growth in Q4 2015. Gross premiums written amounted to NOK 325 million, up 15% compared with Q4 2014.

Gross written premiums in 2015 were NOK 2.843 million, up 20% compared to 2014.

Further and more detailed guiding will be given on February 12th together with the preliminary annual result figures for 2015.

Oslo, 22 January 2016

Protector Forsikring ASA

Contact:

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

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