Protector delivers an operating profit of MNOK 169.5 in the second
quarter of 2017. Premium growth continues with gross written
premiums up 23.4% compared to Q2 2016.

Gross combined ratio for the quarter totals to 143,6% driven by the
dramatic fire in UK, while the net combined ratio is strengthened
from 93,7% in Q2 2016 to 90,7% in Q2 2017 despite the Grenfell Tower
accident.

Q2 2017 shows the following development compared to Q2 2016:

- Gross premiums written MNOK 890.5, up 23.4% from MNOK 721.8
- Net combined ratio 90.7%, down from 93.7%
- Operating profit MNOK 169.5, down from MNOK 254.9 (driven by a
very strong investment result)
- Net financial income of MNOK 116.1 (1.3%), down from MNOK 220.5
(3.0%)

The company maintains its guiding for 2016 with 20% premium growth
and a combined ratio of 92%.

For further information, please see the attached report and
presentation.

Oslo, July 6th 2017
Protector Forsikring ASA

Protector Forsikring ASA published this content on 06 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 July 2017 07:45:05 UTC.

Original documenthttps://www.protectorforsikring.no/#!/om-protector/investor-relation/55

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