Protector Forsikring

2014: New best year ever - Sweden and Denmark in profit

Gross premiums written in 2014 totalled NOK 2.374m,

representing 28% growth compared to 2013. In Q4, gross

premiums written totaled NOK 281,8m, a 19% increase

compared to Q4 2013.

The net combined ratio was in 2014 84.5%, compared with

86.7% in 2013. In Q4, the net combined ratio was 82.7%

down from 93.0% for the same period in 2013.

Gross written premiums in 2014 was NOK 325.4m in Sweden (a

121% increase) and NOK 265.9m (a 89% increase) in Denmark.

The net combined ratio for 2014 in Sweden was 98.5% and in

Denmark 96.2%.

The investment return was in 2014 NOK 236.8m or 5.3%

against NOK 256.7m or 7.0% in 2013. In Q4, the return was

NOK 13.6m or 0.3% against NOK 83.9m or 2.2 % in Q4 2012.

The operating result in 2014 was NOK 502.0m, up from NOK

430.3m in 2013. In Q4, the operating result was NOK 89.8m

against NOK 106.6m in Q4 2013.

Based on the company's dividend policy, strong results for

the full year 2014 and strong financial position, the

Board considers

recommending a dividend of NOK 2.00 per

share for 2014.

For further information, please see the attached report

and presentation.

Oslo, 12 February 2014

Protector Forsikring ASA

This information is subject of the disclosure requirements

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

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