Result Q2 2013: 13% growth, increased margins and increased guiding

- Gross premiums written in Q2 2013 totalled NOK
448.5m, representing 13% growth compared to Q2 2012.
In H1, gross premiums written rose by 285.4m, or 27%
compared to H1 2012.

- Operating profit in Q2 totalled NOK 87.2m, up from
NOK 63.6m in Q2 2012. In H1, the operating result was
NOK 233.7m against NOK 212.2m in the same period in
2012.

- The combined ratio net was in Q2 81.5%, compared
with 80.7% in Q2 2012. In H1, the combined ratio net
was 79.7% up from 78.6% in the same period last year.

- The investment portfolio amounted to a total of
NOK 3.79bn at 30 June, up 23% compared to the
portfolio end of H1 2012.

- The investment return was in Q2 0.4% against 0.3%
in Q2 2012. In H1 the return was 2.7% against 3.7% in
H1 2012.

The company increases the guiding. The overall
expectations to 2013 are an operating profit of NOK
340m (up from NOK 310m), a 22% growth in GWP (up from
20%) and a net combined ratio of 88% (down from 91%).

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

Oslo, 12 July 2013
Protector Forsikring ASA

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