Protector Forsikring — Earnings Release 2022

Apr 27, 2022

Q1 2022: CR 97.0 % and 8 % volume growth, dividend NOK 1.50 per share

Q1 2022: CR 97.0 % and 8 % volume growth, dividend NOK 1.50 per share

The results for Q1 2022 (Q1 2021) are:

• Net combined ratio 97.0 % (91.1 %)

• Premium growth at 8 % (2 %), 11 % (1 %) in local currencies

• Net return on investments NOK -9.9m (NOK 580.5m), or -0.1 % (4.0 %)

• Profit for the quarter NOK -44.7m (NOK 572.8m)

• Solvency ratio of 200 % (216 %) post dividends

The Board has utilised its authorisation granted by the Annual General Meeting 7 April 2022 and has resolved to distribute a special dividend of NOK 123.6 million, corresponding to NOK 1.50 per share. The payment will take place on 12 May 2022.

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

Oslo, 27 April 2022

Protector Forsikring ASA

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