First quarter 2011: 22% growth and a strong technical result

Q1 2011 shows following development compared to Q1
2010:

· Gross premiums written NOK 522,7m, up 22% from NOK
427,9m

· Net combined ratio 82,7%, down from 90%

· Return on investments NOK 22,6m (1%), down from NOK
39,4m (2,2%)

· Operating profit of NOK 57,6m (56,9m)


The company increases the volume guiding (FY 2011)
from 15% to 18% growth and expects a very strong
volume growth in Q2.


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

Oslo, 5 May 2011
Protector Forsikring ASA

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