Q1 2023: CR 93.2 % and 21 % volume growth in local currencies, dividend NOK 2.00 per share

27 Apr 2023 19:55 CEST

Q1 2023 is the first quarter Protector Forsikring reports under full IFRS.
Please see note 28 in the annual report for 2022 and material regarding the
transition to IFRS published separately on www.protectorforsikring.no for
further information on effects of implementing IFRS.

The summarised results for Q1 2023 (Q1 2022) are:

• Combined ratio 93.2 % (95.6 %)
• Gross written premium growth at 27 % (8 %), 21 % (11 %) in local currencies
• Total investment return including insurance finance NOK 521.7m (NOK 249.0m)
• Profit for the quarter NOK 626.2m (NOK 208.1m)
• Solvency ratio of 198 % (200 %) post dividends

The Board has utilised its authorisation granted by the Annual General Meeting
30 March 2023 and has resolved to distribute a special dividend of NOK 164.8
million, corresponding to NOK 2.00 per share. The payment will take place on 11
May 2023.

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



Oslo, 27 April 2023
Protector Forsikring ASA

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

More information:
Access the news on Oslo Bors NewsWeb site

588857_Investor presentation Q1 2023 (PROT).pdf
588857_Interim report Q1 2023 (PROT).pdf