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Protector Forsikring

Capital/Financing Update • Jun 22, 2023

3719_rns_2023-06-22_5825ee3d-313b-4f9b-b465-e07ff067bc98.html

Capital/Financing Update

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Credit ratings revised from stable to positive outlooks

AM Best has revised the outlooks to positive from stable and affirmed the Long-Term Issuer Credit of BBB+ (Good) and the Financial Strength Rating of B++ (Good)of Protector Forsikring ASA.

According to AM Best the ratings reflect Protector’s balance sheet strength, which is assessed as strong, as well as Protector’s adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).

The positive outlooks reflect AM Best’s expectation that Protector will maintain a trend of strong earnings generation with reduced volatility in technical performance metrics.

For more information, please see the attached press release.

Oslo, 22 June 2023

Protector Forsikring ASA