Protector Forsikring — Earnings Release 2024

Oct 23, 2024

Q3 2024: CR 83.2%, earnings per share NOK 7.1

Q3 2024: CR 83.2%, earnings per share NOK 7.1

Protector Forsikring ASA’s summarised results for Q3 2024 (Q3 2023) are:

• Combined ratio 83.2% (91.6)

• Gross written premium growth at 15% (35) in local currencies

• Total investment return including insurance finance NOK 299m (-44)

• Profit for the quarter NOK 591m (-11)

• Earnings per share NOK 7.1 (-0.1)

• Solvency ratio 194% (187)

In the first three quarters of the year, the company recorded a profit of NOK 1,291m (833). Combined ratio was 89.5% (89.3). The total return on investments including insurance finance was NOK 913m (440).

The company’s financial position is strong, and the dividend capacity is good. The Board has decided not to pay out dividends this quarter, mainly due to increased probability of growth in France.

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

Oslo, 23 October 2024

Protector Forsikring ASA

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