Protector Forsikring

Earnings Release • Jul 10, 2015

Q2 2015: 17% Growth, stable guiding

Q2 2015: 17% Growth, stable guiding

Q2 2015 shows following development compared to Q2

2014:

- Gross premiums written NOK NOK 635,8m, up 17% from

NOK 542,2m

- Net combined ratio 87,0 %, up from 85,8%

- Operating profit of NOK 118,4m, down from NOK 174,5m

- Return on investments NOK 48,7m (0,8%) , down from

NOK 111,6m (2,4%)

The overall expectations to 2015 are an operating

profit of NOK 600m, a 22% growth in GWP and a net

combined ratio of 86%. This is in line with the

guiding per Q1 2015.

For further information, please see the attached

report and presentation.

Oslo, 10 July 2015

Protector Forsikring ASA

This information is subject of the disclosure

requirements acc. to §5-12 vphl (Norwegian Securities

Trading Act).