Interim Report (unaudited)
Q4 and FY 2024

Protector Forsikring ASA recorded a profit of NOK 248 m (676 ) for the quarter. The result is driven by a good insurance service result and a weak return of investments. The insurance service result was NOK 502 m (361 ), corresponding to a combined ratio of 84.2 % (86.4 %). Net income from assets under management was NOK -96 m (890 ) or -0.4 % (5.1 %). Total investment return (including insurance finance expenses) was NOK -67 m (504 ).

Gross written premiums amounted to NOK 2,688 m, up 30% (27% in local currencies). The majority of the growth comes from the UK, but all countries have growth. For the full year, gross written premium, came in at NOK 12,333 m up 18% (15% in local currencies).

In FY 2024, the company recorded a profit of NOK 1,539 m (1,509 ).

The insurance service result was NOK 1,404 m (1,080 ), corresponding to a combined ratio of 88.1 % (88.5 %).

Total investment return (including insurance finance expenses) was NOK 846 m (944 ) and net income from assets under management was NOK 1,059 m (1,372 ) or 4.9 % (7.9 %).

At the end of Q4 the SCR-ratio was 193% (195%), post dividends.

The Board has utilized its authorisation granted by the Annual General Meeting 11 April 2024, and has decided to distribute a dividend of NOK 330m, corresponding to NOK 4.00 per share.