Protector Forsikring — Earnings Release 2018

Apr 26, 2018

17.9% growth, poor claims quarter

17.9% growth, poor claims quarter

The gross written premium increased with 17.9% in the first quarter of 2018. The operating profit totalled to MNOK 24.6. The result is driven both by a weak technical result and a weak investment result in line with the market.

The net combined ratio for the quarter increased from 87.0% in 2017 to 95.1% in 2018. The technical result is mainly driven by poor claims ratio in Norway and slightly influenced by a higher than normal weather claims.

The guiding for net combined ratio in 2018 is changed from 92-94% to > 94%. The volume growth and cost ratio guiding is unchanged.

For further information, please see the attached report and presentation including description and calculation of key financial ratios.

Oslo, April 26th 2018

Protector Forsikring ASA

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)