Protector Forsikring

Earnings Release • Jan 29, 2025

2024: CR 88.1%, earnings per share NOK 18.7

2024: CR 88.1%, earnings per share NOK 18.7

2024:

Protector Forsikring ASA recorded a profit of NOK 1,539m (1,509) for 2024. The insurance service result was NOK 1,404m (1,080), corresponding to a combined ratio of 88.1% (88.5). The total return on investments including insurance finance was 846m (944). The return on investments excluding insurance finance was 4.9% (7.9).

In 2024, gross written premiums ended at NOK 12,333m, up 18% (15 % in local currencies) relative to 2023.

Q4:

Protector Forsikring ASA recorded a profit of NOK 248m (676) for the fourth quarter. The insurance service result was NOK 502m (361), corresponding to a combined ratio of 84.2% (86.4). The total return on investments including insurance finance was -67m (504). The return on investments excluding insurance finance was -0.4% (5.1).

In Q4, gross written premiums amounted to NOK 2,688m, up 30% (27% in local currencies) relative to Q4 2023.

The Board has, in accordance with the mandate received from the Annual General Meeting in 2024, decided to distribute a dividend of NOK 330m, corresponding to NOK 4.00 per share. The payment will take place on 13 February 2025.

The SCR-ratio was 193% (195) year-end, post dividend.

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

Oslo, January 29th 2025

Protector Forsikring ASA

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