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

02 Apr 2025 17:02 CEST

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

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