Protector Forsikring — Earnings Release 2022

Jul 7, 2022

Q2 2022: CR 82.5 % and 25 % volume growth

Q2 2022: CR 82.5 % and 25 % volume growth

The results for Q2 2022 (Q2 2021) are:

• Net combined ratio 82.5 % (83.9 %)

• Premium growth at 25 % (11 %), 24 % (22 %) in local currencies

• Net return on investments NOK -175.2m (NOK 143.5m), or -1.2 % (1.0 %)

• Profit for the quarter NOK 65.8m (NOK 267.3)

• Solvency ratio of 206 % (235 %)

In the first half year, the company recorded a profit of NOK 21.1m, against NOK 840.1m in H1 2021. The net combined ratio was 89.5 %, against 87.4 % in the same period last year. The return on investments was

NOK -185.1m or -1.2 %, against 724.1m or 5.1 % in H1 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, 7 July 2022

Protector Forsikring ASA

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