Protector Forsikring

M&A Activity • Apr 2, 2025

Protector signs a portfolio transfer agreement for the workers’ compensation portfolio in Denmark

Protector signs a portfolio transfer agreement for the workers’ compensation portfolio in Denmark

Protector has today entered into a portfolio transfer agreement with DARAG Deutschland for the entire workers’ compensation (WC) portfolio in Denmark.

Completion of the agreement is subject to conditions, including approvals by Norwegian and German financial regulators.

After Completion, Protector will no longer have exposure to Danish WC. The portfolio transfer is expected to be completed and booked in our accounts in Q3 2025.

The transfer has limited impact on the solvency margin and result. However, the balance sheet will be reduced by the transaction amount and DARAG’s share of the existing LPTA (loss portfolio transfer agreement). As of 31.12.2024 this would have amounted to approx. NOK 1.9 bn. in total.

More details will be given when releasing our Q3 2025 results.

Oslo, 2 April 2025

Protector Forsikring ASA