Protector Forsikring — Earnings Release 2022

Oct 26, 2022

Q3 2022: CR 84.9 % and 8 % volume growth

Q3 2022: CR 84.9 % and 8 % volume growth

The results for Q3 2022 (Q3 2021) are:

• Net combined ratio 84.9% (82.9%)

• Premium growth at 8% (27%), 12% (26%) in local currencies

• Net return on investments NOK 22.9m (NOK -7.0m), or 0.2% (0.0%)

• Profit for the quarter NOK 175.2m (NOK 125.1m)

• Solvency ratio of 222% (230%)

Year to date, the company recorded a profit of NOK 196.3m, against NOK 965.2m in the same period last year. The net combined ratio was 87.9%, against 85.9%. The return on investments was NOK -162.2m or -1.1%, against 717.1m or

5.1% YTD 2021.

The company’s financial position is strong and the dividend capacity is good. Due to the uncertain geopolitical situation and volatile financial markets the Board has decided not to pay out dividends this quarter.

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

Oslo, 26 October 2022

Protector Forsikring ASA

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