Protector Forsikring — Earnings Release 2019

Feb 6, 2020

Q4 result and full year result 2019

Q4 result and full year result 2019

As published in the stock exchange announcement dated January 21st, the weak technical result in Q4 was driven by Finland and Norway, some run-off-losses and a large loss-ratio higher than normal.

For the full year the net combined ratio was 103.8% and the growth in gross written premiums was 19%.

The return on investments was NOK 156.6m in Q4 and NOK 157.2m for the full year. Profit before tax for the full year was NOK 23.5m and after tax NOK -4.9m.

Price increases in the Nordic Market was this year a strong 13.4% on the big and important January 1st renewal date. Due to more disciplined growth going forward, the long term objective of growth in gross written premiums is changed to 5%.

Further details are provided in the attached report and presentation, which includes definitions of financial key figures.

Oslo, February 6th 2020

Protector Forsikring ASA

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