Protector Forsikring

Earnings Release • Feb 25, 2010

Preliminary annual result 2009: Strong growth and strong result

Highlights 2009

2009 shows following development compared to 2008:

·Gross premiums written NOK 871.4, up 20% from NOK

729m

·Operating profit of NOK 258.8m, up from NOK 9.4m

·Net combined ratio 96.5%, up from 94.9%

·Return on investments 16.1%, up from -2.1%

Dividend of NOK 1.25 per share suggested.

For further information, please see the attached

report and presentation.

Oslo, 25 February 2010

Protector Forsikring ASA

This information is subject of the disclosure

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

Trading Act).