Protector Forsikring — Earnings Release 2019

Oct 25, 2019

17% growth, CR 91.6%

17% growth, CR 91.6%

The net combined ratio was 91.6% down from 95.7% in Q3-18. The quarter's result was negative with NOK -8.3 million compared with a loss of NOK -65.1 million in Q3-18.

In Q3, the growth in gross written premiums was 17%.

The investment result (including change of ownership insurance)

was NOK -41.4 million (-0.4%).

YTD, the premium growth was 19%. The combined ratio for own account was 101.1%.

The price and profitability measures initiated in the Nordic countries continues. A lower growth rate must be expected going forward as a result of the profitability measures.

The company maintains the guiding for 2019; 18% growth in gross written premiums and a net combined ratio of 100%.

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

Oslo, October 25th 2019

Protector Forsikring ASA

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