Annual Accounts and Report of the Board of Directors 2011 for Gjensidige Forsikring ASA

The Board of Directors of Gjensidige Forsikring ASA determined the Annual Accounts and the Report of the Board of Directors for 2011 in a board meeting Wednesday March 7th2012. The Annual General Meeting is held on April 19th2012, and the share will be listed ex dividend on April 20th2012. The Board of Directors proposes an ordinary dividend per share of NOK 4.55. Dividends are distributed within May 4th2012 to shareholders as of the date of the Annual General Meeting.

Correction preliminary Annual Accounts

In the determined Annual Accounts there is a correction made from the preliminary Annual Accounts published on February 9th2012. This is due to Storebrand ASA later reporting a weaker result than Gjensidige had estimated.

Key figures for Gjensidige for the full year 2011 are as follows:

  • Return on financial assets 4.4 per cent
  • Return on equity 15.9 per cent
  • Equity NOK 23,228.6 million
  • Capital adequacy ratio 16.2 per cent
  • Solvency margin 535.2 per cent
  • Earnings per share NOK 5.50

Annual Report

Annual Accounts including the Report of the Board of Directors for 2011 is attached to this announcement and is also published on www.gjensidige.com. The document also consists more detailed information about Gjensidige’s operations, targets and strategies. The full version of the Annual Report for 2011 will be published on www.gjensidige.com on March 22nd 2012.

For further queries, please contact:
Head of Investor Relations, Gjensidige Forsikring ASA: Janne Flessum, Tlf: +47 915 14 739
Head of Communication, Gjensidige Forsikring ASA: Øystein Thoresen, Tel: +47 952 33 382

This information is subject to disclosure under the Norwegian Securities Act section §5-12

About Us

Gjensidige is one of the leading players in the Nordic general insurance market. The group offers general insurance products in Norway, Sweden, Denmark and the three Baltic countries. In addition the group offers online retail banking, pension and savings products and health care services in Norway. Gjensidige is one of Norway’s most well-known brands. Both the company logo and the Watchman have a high recognition factor. The roots of the general insurance operations can be traced back to the 1820s, while the Watchman has been an insurance trademark for more than 75 years. 2007 and 2008 saw the launch of the Watchman logo in the other countries where Gjensidige offers insurance products. The group’s health services has been branded Hjelp24.

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