Protector Forsikring - Earnings Release 2014

Q2 result: Continued strong growth (21%), increased guiding

- Gross premiums written in Q2 2014 totalled

NOK 542.2m, representing 21% growth compared to Q2

2013. In H1, gross premiums written rose by 398.3m,

or 29% compared to H1 2013.

- The combined ratio net was in Q2 85.8%, compared

with 81.5% in Q2 2013. In H1, the combined ratio net

was 83.0% up from 79.7% in the same period last year.

- The investment return was in Q2 NOK 111.6m (2.4%)

against NOK 19.4m (0.4%) in Q2 2013. In H1 the return

was NOK 195.4m (4.4%) against NOK 97.3m (2.7%) in H1

- Operating profit in Q2 totalled NOK 174.5m, up from

NOK 84.1m in Q2 2013. In H1, the operating result was

NOK 336.9m against NOK 227.1m in the same period in

The company increases the guiding. The overall

expectations to 2014 are an operating profit of NOK

490m (up from NOK 430m), a 27% growth in GWP (up from

20%) and a net combined ratio of 88% (unchanged).

For further information, please see the attached

presentation and report.

Oslo, 11 July 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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