Protector Forsikring

Earnings Release • Feb 1, 2018

21,1% growth, 19,6% ROE and quality leader in all countries

21,1% growth, 19,6% ROE and quality leader in all countries

Protector is number one on quality in all countries and delivers a return on equity of 19,6%.

The profit before tax totaled to NOK 136,2m for the quarter and NOK 562,2m for the full year, up from NOK 541,1m.

Gross written premium increased with 21,1% in 2017 and 37,7% in the quarter. UK is ahead of schedule with a gross written premium of NOK 252,9m in 2017 and an estimated gross written premium in 2018 above NOK 500m.

Net combined ratio for the year decreased from 97,0% in 2016 to 93,1% in 2017.

The net investment result for the year totaled to NOK 419,5m (4,8%) and NOK 161,9m (1,7%) for the quarter.

The guiding for 2018 is:

- Net combined ratio: 92-94%

- Volume growth: 20%

- Cost ratio: 7,5%

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

Oslo, February 1st 2018

Protector Forsikring ASA

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