Protector Forsikring — Earnings Release 2020

Feb 22, 2021

Solvency margin 203% year-end 2020

Solvency margin 203% year-end 2020

When Protector changed routines and calculations related to annuities mainly within Danish workers’ compensation in Q4 2020, annuities were misclassified in the solvency margin calculation. Protector has now corrected the misclassification. The correction has a positive effect on the solvency margin through a reduction of MNOK 104 in the solvency capital requirement and an increase of MNOK 98 in eligible solvency capital. Solvency margin after the correction is 203% compared to 188% reported in the interim report for Q4 2020.

Oslo, 22 February 2021

Protector Forsikring ASA