Protector Forsikring

Earnings Release • Jan 21, 2022

Update on volume growth – a good start on 2022

Update on volume growth – a good start on 2022

With reference to the stock exchange announcement dated January 6th, where we gave notice of an update on premium growth for 2021 and the January 1st renewal date. January 1st has had significant impact on Protectors premium growth historically and still about 40% of our annual premium incepts at this date. As most of our growth currently comes from the UK, the January 1st renewal date will gradually become less significant.

Q4 2021; Growth in gross written premium of 8% (14% in local currencies)

The growth in Q4 is driven by Denmark and Sweden. Furthermore, premium growth is supported by continued price increases and a low client churn. For the full year 2021 gross written premium came in at MNOK 5 951, up 8% (10% in local currencies) relative to 2020.

January 1st, 2022; Growth in gross written premium of 8% (11% in local currencies)

The growth is driven by Scandinavia supported by price increases above claims inflation and a low client churn. In the UK, January is a small volume month.

More information will be given on February 3rd in connection with the presentation of the Q4 and preliminary full year 2021 results.

Oslo, January 21st 2022

Protector Forsikring ASA