Protector Forsikring (PROT) Investor presentation summary

Vision and strategy

• Pursues cost and quality leadership, profitable growth, and aims for a top 3 market position through unique relationships and efficient solutions.

• Operates with a challenger mindset, emphasizing credibility, innovation, boldness, and commitment.

• Focuses on public sector, commercial, and affinity segments, distributing exclusively through brokers.

Growth and market expansion

• Achieved organic growth from NOK 0 to NOK 10bn in gross premiums since 2004, expanding across Scandinavia, the UK, and soon France.

• UK operations have grown rapidly, with GWP rising from £2m in 2015 to £328.9m in 2024 and staff increasing to 190.

• Market entry is prioritized based on size, data availability, broking dynamics, and market conditions, with France evaluated favorably.

UK market opportunity

• UK non-life insurance market estimated at £67.5bn in 2023, with £14.4bn in-scope commercial market.

• Broker panel controls an estimated £8bn of the in-scope market, with focus on expanding practical access.

• Current UK share includes £111m in UK Corporate, £108m in Public Sector, and £109m in Social Housing.