Protector Forsikring

Earnings Release • Apr 29, 2010

Results Q1 2010 - Continued growth and strong results

Q1 2010 shows following development compared to Q1

2009:

·Gross premiums written NOK 427,9m, up 10% from NOK

388m

·Net combined ratio 90%, down from 97.6%

·Operating profit of NOK 56.9m, up from NOK 30.9m

·Return on investments NOK 39.4m (2.2%), up from NOK

25.9m (2.1%)

For further information, please see the attached

report and presentation.

Oslo, 29 April 2010

Protector Forsikring ASA

This information is subject of the disclosure

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

Trading Act).